254
WILMER — CB Richard Ellis Realty Trust has acquired the 1 million-square-foot Whirlpool regional warehouse located in the First Park DalPort Business Park in Wilmer. Gary Jaye of CBRE Investors represented CBRE Realty Trust in the transaction.
“We were able to meet a major prospective tenant's needs by pairing them with one of four preferred development partners,” said Jack Cuneo, president and chief executive officer of CBRE Realty Trust, in a statement. “At the same time, we were exposed to no development risk, being obligated to purchase the property only upon completion of construction.”