REIT buys JoAnn’s distribution center

Fabrics company to stay put on lease

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US Industrial REIT II recently purchased JoAnn Stores Inc.'s West Coast Distribution Center in Visalia, Calif., for an undisclosed price. GE Commercial Finance Business Property Corp. sold the property, a 635,281-square-foot industrial-distribution building located in the Visalia Industrial Park. This facility distributes fabric and decorating products to more than 300 Jo-Ann stores west of the Mississippi River, according to a press statement. ...