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Eastern Union Arranges Financing for Industrial Portfolio Deal

Multimillion-Dollar Sale Part of Granite’s Strategy to Reduce Exposure to Magna International Sites
Granite Real Estate Investment Trust sold an industrial facility in Montezuma, Iowa, this year. (Eastern Union)
Granite Real Estate Investment Trust sold an industrial facility in Montezuma, Iowa, this year. (Eastern Union)
CoStar News
July 25, 2019 | 7:06 P.M.

Commercial brokerage firm Eastern Union said it arranged financing for a portfolio sale valued at 16.9 million U.S. dollars that includes 600,000 square feet of space leased to Magna International sold by Toronto's Granite Real Estate Investment Trust this year in a last-minute deal that saved the transaction.

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