A joint venture between Pacer Partners and Drake Real Estate Partners has sold a massive distribution facility in Greensboro, North Carolina, for $74 million, or about $48 per square foot, at a 5.4% capitalization rate.
Joint Venture Sells Former Kmart Distribution Facility in Greensboro for $74 Million
NFI Industries Buys 1.5 Million-Square-Foot Industrial Property It Occupies
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