{"id":14276,"date":"2017-06-09T07:54:02","date_gmt":"2017-06-09T11:54:02","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=14276"},"modified":"2017-06-09T07:54:02","modified_gmt":"2017-06-09T11:54:02","slug":"industrial-investors-drawn-to-non-traditional-locations","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/industrial-investors-drawn-to-non-traditional-locations\/","title":{"rendered":"Industrial Investors Drawn To Non-Traditional Locations"},"content":{"rendered":"
June 7, 2017 | by\u00a0BRIAN J. ROGAL<\/a>\u00a0| GlobeSt.com<\/p>\n CHICAGO\u2014A Chicago-based team from Avison Young <\/strong>just completed the sale of an 851,370-square-foot General Electric Co<\/strong>. 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.<\/p>\n 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<\/strong>. Financial details were not disclosed.<\/p>\n \u201cPeople are realizing that some assets in secondary and non-traditional markets are vital to tenants overall long-term plans,\u201d Avison Young principal Erik Foster<\/strong> tells GlobeSt.com.<\/p>\n<\/p>\n