Magellan / Principal JV Buys Vernon Industrial Bldg.
May 16, 2012
By: Chelsea Bell

The Magellan Group partnered with Principal Financial Group to acquire a 200,000-square-foot industrial building in Vernon, CA, for $10.75 million, or approximately $54 per square foot. International Paper Co. sold the single-story structure at 3030 S. Atlantic Blvd. ...

... Bart Pucci, a senior managing director at Studley, represented the seller and buyer.

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