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Duke Buys Logistics Portfolio From USAA

CBRE has closed the sale of a 4.86 million-square-foot portfolio of industrial logistics buildings in six states on behalf of USAA Real Estate Co. to Duke Realty (NYSE: DRE).

The eight-building core portfolio of mostly single-tenant net leased buildings “was a great opportunity for Duke Realty to acquire a critical mass of bulk industrial product in a single transaction,” according to a release by CBRE, which represented seller USAA in the deal…

via Inland Empire Commercial Real Estate News From CoStar Group

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