Agellan Continues Office Exit, Moves Closer to Industrial Pure Play
Toronto-based Agellan Real Estate Investment Trust is selling a 118,500-square-foot office building in Charlotte, NC, a move expected to advance its goal of being an industrial-focused entity.
The REIT has conditionally sold a five-story, multi-tenant office building located at 10130 Perimeter Parkway for US$22.65 million before closing costs, which represents an in-place capitalization rate of approximately 7.46 percent.
The deal is expected…
