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Industrial Investors Drawn To Non-Traditional Locations

June 9, 2017

Industrial Investors Drawn To Non-Traditional Locations

CHICAGO—Distribution has changed, and many properties in out-of-the-way locations have assumed tremendous importance in some firms’ operations.

June 7, 2017 | by BRIAN J. ROGAL | GlobeSt.com

CHICAGO—A Chicago-based team from Avison Young just completed the sale of an 851,370-square-foot General Electric Co. lighting distribution facility in Cleveland, TN. Although it is far from a major city, the property sits along I-75, and products shipped from there can easily reach all points in the Southeast region and the East Coast.

That sparked a lot of interest from investors, most of whom stick to properties in traditional distribution markets. The buyer was New York-based Lexington Realty Trust. Financial details were not disclosed.

“People are realizing that some assets in secondary and non-traditional markets are vital to tenants overall long-term plans,” Avison Young principal Erik Foster tells GlobeSt.com.

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John E. Moriarty, ChFC
December 2015
February 3, 2016

I have been in the financial services industry for 20 years and our firm provides an education platform that gets clients to “think differently” about their financial picture.  For many years we have communicated to clients the need to diversify their portfolios using alternative asset classes and more specifically, private non-traded investments.  Due diligence on these types of financial vehicles is essential and when I learned about Blue Vault in 2010, our firm immediately began using their material as a tool to build confidence in the minds of our advisors on which alternatives to recommend to clients.  I am impressed with the way Blue Vault continues to add value to their subscribers and I view their publication as a tremendous resource in today’s complex world.