St. Louis-based private equity firm ElmTree Funds has paid $50 million for an industrial property in Simi Valley, Calif., according to data provider Trepp.
ElmTree acquired the 140,508-square-foot property at 2401 North Chain Drive from Xebec, a privately held real estate firm with nearly 15 million square feet of industrial space in development. Other details of the deal were not disclosed.
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