Sale, leaseback tops 290,000 square feet
CEI's triple-net lease to span more than a decade
By Inman News, Monday, April 21, 2008.Bookmarking Sites
Brokerage CB Richard Ellis today announced it arranged the sale/leaseback of a 293,038-square-foot industrial facility in Douglassville, Pa., for an undisclosed price.
The seller, CEI Douglassville Inc., sold the property at 447 Old Swede Road to a partnership between Net Lease Advisors and CEI Holdings Inc.
The property will be fully triple-net leased for 12 years to CEI Holdings Inc., a provider of supply chain management services to top marketers and retailers in the $36 billion U.S. personal care products industry.
The facility is comprised of office, warehouse and laboratory space and is situated on 23 acres.
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