Buchalter attorneys closed a $246.7MM acquisition for a joint venture managed by client VEREIT, Inc., to acquire a 2.3 million-square-foot industrial facility in Dallas. The newly built asset is a build-to-suit property leased by an investment grade home improvement retailer. VEREIT is a Phoenix-based full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S., with total real estate investments of $14.7 billion. Buchalter’s team was led by Shareholder Kevin T. Lytle and Paralegal Pat Moffitt.
