Sale, leaseback tops 290,000 square feet

CEI's triple-net lease to span more than a decade

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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. *** What's your opinion? Leave your comments below or send a letter to the editor. ...