CBRE CLOSES $24.42M ACQUISITION LOAN

PLAINFIELD AND GREENFIELD, IND. — CB Richard Ellis has arranged a $24.42 million loan on behalf of Welsh Property Trust for the acquisition of two industrial buildings in Plainfield and Greenfield totaling 1.37 million square feet. Joel Torborg of CB Richard Ellis' Minneapolis office arranged the 10-year loan with a 30-year amortization schedule through Allianz Life Insurance Co.