Swiss entity buys up U.S. real estate

AFIAA, an investment foundation governed by Swiss law that focuses on investments in foreign real estate, recently acquired commercial real estate properties in Ohio and Illinois.

The total value of the transactions was approximately $72 million.

In Groveport, Ohio, AFIAA purchased a distribution center located at 2829 Rohr Road for approximately $51 million. Completed in 2007, the 1.2 million-square-foot building is fully rented to two tenants with global operations.

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