Illinois warehouse gets new ownership

Michaels Stores Procurement holds 20-year lease
Published on Jan 21, 2004

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by CareyBot

A joint venture investment program of Lexington Corporate Properties Trust acquired a 693,000-square-foot distribution facility in New Lenox, Ill. The value of the transaction was $28.6 million. The property, which is located on 45 acres, is net leased to Michaels ...