LEI Trades for 26-Building Industrial-Office Portfolio
An affiliate of Los Angeles-based Lowe Enterprises and its joint-venture partner have acquired 26 industrial and office buildings scattered across 16 states from AIC Ventures.
The buildings totaling 2.3 million square feet, known as the NL Ventures IX Portfolio, span 24 major submarkets concentrated mainly in the Midwest and eastern U.S., including Connecticut, Illinois, Ohio, Minnesota, Wisconsin, Texas and New Jersey.
Investment manager Lowe…
