PRP has paid $119.5 million, or just more than $85/sf, for a 1.4 million-square-foot distribution building in Greer, S.C., which is roughly midway between Greenville, S.C., and Spartanburg, S.C. The Washington, D.C., investment manager purchased the property, The Cubes at ...
PRP has paid $119.5 million, or just more than $85/sf, for a 1.4 million-square-foot distribution building in Greer, S.C., which is roughly midway between Greenville, S.C., and Spartanburg, S.C. The Washington, D.C., investment manager purchased the property, The Cubes at ...
95 percent occupied. KBS intends to fund the purchase with proceeds from a $14.6 million mortgage arranged by Berkeley Point Capital. The REIT has locked in an interest rate of 3.47 percent on the loan. The seven-year mortgage will require ...
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