Invesco Buys South San Francisco Logistics Center

Source:  Business Journals

After securing a huge lease with FedEx Ground earlier this year, Angelo Gordon & Co., Orchard Partners, and Centrum Properties sold the SSF Logistics Center, a 462,316-square-foot industrial property in South San Francisco, to a fund managed by Invesco Real Estate. Terms of the deal were not disclosed, but industry sources said the price landed between $80 million and $100 million or between $176 to $216 per square foot. The sellers in the deal tore down 119,000 square feet of ...

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