Manama, Feb. 25 -- GFH Financial Group (GFH) has acquired a mission-critical distribution facility in Chicago, Illinois, for $135million.
The facility has been leased since November 2015 to a blue chip tenant, Michelin North America (Michelin N.A.), the international top selling tire brand and global tire industry innovator.
The transaction, valued at over c.US$135 million, marks the continued expansion of GFH's global portfolio of income generating real estate assets including prime distribution centres; well positioned logistics assets and last mile delivery facilities in the US and Europe. The transaction was undertaken in partnership with Silver Creek Commercial Development LLC, a US based asset manager with a track record of over $2 ...