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Stock impact report

Reclamation Partners Acquires 101,587-Square Foot Light-Industrial Facility in Washington, D.C. [Yahoo! Finance]

Penske Automotive Group, Inc. (PAG) 
Last penske automotive group, inc. earnings: 2/5 06:59 am Check Earnings Report
US:NYSE Investor Relations: investors.penskeautomotive.com
Company Research Source: Yahoo! Finance
the acquisition of a 101,587-square foot light-industrial building located at 14851 Stonecroft Center Court, Chantilly, VA, within Washington, D.C.'s infill Dulles submarket. The multi-tenant property, situated on 8.7 acres with 12 dock doors and 22-foot clear height, is a fully stabilized acquisition with 4.1 years of weighted average lease term at close. The building is 100% leased to two established, operationally entrenched tenants – MFG One, a specialty manufacturing operator occupying 76,587 square feet under a five-year sale-leaseback, and Penske Automotive Group, which occupies 25,000 square feet and has recently completed an on-site fleet maintenance build-out, underscoring its long-term commitment to the space. Reclamation secured the transaction on an off-market basis through a boutique brokerage relationship that also sourced the firm's recent acquisition of 21955 Cascades Parkway in Sterling, VA. "This is our second acquisition in the Dulles corridor in as many months Show less Read more
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