Commercial Property Executive | Vicentiu Fusea
Cleaning supplies and equipment manufacturer Walter E. Nelson Co. has acquired The Cascade Building, a 184,000-square-foot industrial facility in Bonney Lake, Wash., in a $41 million 1031 exchange. Owner-occupier Teeter sold the asset, while Wells Fargo Bank provided a $27.3 million acquisition loan, according to CommercialEdge.
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