L. Mason Capitani closed a 15-year sale/leaseback transaction in Clinton Township, Michigan.
The transaction involved a campus of three industrial buildings measuring 97,328 square feet, 89,614 square feet and 49,220 square feet for a total of 236,162 square feet.
The transaction details remain confidential, though the sale closed at a 9.4% capitalization rate.
Jason Capitani and Joe DePonio of L. Mason Capitani represented both the seller and purchaser in the transaction.
