A warehouse in Torrance has sold in a more than $50 million all-cash deal. EQT Exeter Real Estate Income Trust acquired a 76,007-square-foot warehouse for $51.5 million in a sale-leaseback transaction, Bisnow reported. The address for the property is not publicly available, but the building’s size and Torrance location aligns with a warehouse and distribution facility at 1500 Francisco Street used by Frito-Lay, a division of PepsiCo, according to Bisnow. The building’s prior owner was not disclosed, but its parent company was described in a Securities and Exchange Commission filing as “a leading global food and beverage company that offers […]
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