Volkswagen sells nearly 1 million square feet

Leases back distribution centers in U.S., Canada
Published on Dec 4, 2006

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by CareyBot

First Industrial Realty Trust Inc., an owner and developer of industrial property, recently purchased a 977,686-square-foot warehouse portfolio from Volkswagen and then leased back the space to the automaker for 15 years. The value of the transaction was not disclosed. ...