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Article: Thompson National Properties Facilitates Sale of Storm Portfolio.
- Article from:
- Real Estate Weekly News
- Article date:
- October 3, 2008
CopyrightCOPYRIGHT 2008 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Thompson National Properties, LLC announced that it served as an intermediary and facilitator on behalf of TA Associates Realty and Storm Properties, Inc. in today's purchase and sale of a portfolio of 13 industrial properties, totaling approximately 545,000 square feet, located primarily in Torrance, California.
The purchase price was in excess of $52 million. Thompson National Properties received a commission and advisory fee.
"The Storm portfolio is the preeminent collection of industrial assets in Southern California," said Tony Thompson, chairman and chief executive officer of Thompson National Properties. "We enjoyed working with TA and Storm on ...