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Market Impact: 0.15
IRG, PREP Funds, CG Real Estate Capital Acquire Three-Property Industrial Portfolio in Sale-Leaseback Transaction with Anchor Manufacturing
Source: PR Newswire
Housing & Real EstateCompany FundamentalsM&A & Restructuring
Industrial Realty Group (IRG), PREP Funds and CG Real Estate Capital announced the completion of a sale-leaseback with Anchor Manufacturing. The deal covers a three-property industrial portfolio totaling 339,449 square feet (about 18.44 acres), shifting ownership to the investors while Anchor leases the space back. Overall impact appears limited as this is a transaction completion with no disclosed price/financial guidance in the excerpt.
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