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SACRAMENTO NEWS
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BH Properties Pays $39 Mil for 1.8 msf Industrial Portfolio in Sacramento, CA and Fort Worth, TX

6/30/15

LA-based BH Properties just acquired an industrial portfolio from RS Legacy Corporation, a Delaware corporation formerly known as RadioShack Corporation, for $39.2 mil. The 1.8 msf portfolio sale is the latest in the retailer’s Chapter 11 asset sales.

BH Properties was selected as the stalking horse bidder – the initial bidder on a portfolio of the bankrupt company’s industrial real estate assets – from a group of potential bidders to make the initial bid on the portfolio. As required by the relevant bid procedures, the deal was brought before a Delaware bankruptcy judge and approved on June 16. The deal closed on June 26.

The portfolio is comprised of five industrial properties in the Sacramento suburb of Woodland, CA and Fort Worth, TX, along with a seven-acre plot of land located in Fort Worth. As a part of the sale, BH Properties structured a one-year lease-back at the 136.5k sf warehouse located on 3131 W. Bolt Street in Fort Worth. The firm plans to hold the properties and lease the other assets that were vacant at the time of the sale.





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