REIT buys JoAnn’s distribution center

Fabrics company to stay put on lease

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

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. ...