Toronto-based Agellan Commercial Real Estate Investment Trust said this week it has closed on a $52.5 million deal that adds more that 900,000 square feet of leasable space in Sarasota to its portfolio.
Agellan purchased the 907,000-square-foot multi-tenant industrial distribution facility in Sarasota with proceeds from its credit facility and by assuming a mortgage with an outstanding principal balance of $33.3 million.
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