ELMTREE NET LEASE FUND II BUYS TWO INDUSTRIAL ASSETS FOR $26.5M

DALLAS — ElmTree Net Lease Fund II has acquired two industrial buildings in Dallas for a combined purchase price of $26.5 million. The first asset is a 150,975-square-foot facility located at 2717 S. Main St. within the Dallas-Fort Worth International Airport and leased by Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. Five years remain on the tenant’s original 10-year lease, and under terms of the acquisition, Sikorsky may expand the facility by 150,000 square feet. The second asset is a 72,056-square-foot building, also within the airport, occupied by Hitachi High Technologies America. Nine years remain on the tenant’s original 10-year lease. The property, used for the manufacturing and development of microchips, features clean rooms, a product demonstration room and a designated Foreign Trade Zone area in the warehouse portion of the building. ElmTree Net Lease Fund II is a private equity fund sponsored by ElmTree Funds LLC.