Bentley Forbes Buys All Three U.S. Warehouse & Distribution Facilities of Isuzu Motors for About $31 Million.LOS ANGELES--(BUSINESS WIRE)--March 12, 1999-- --Buildings in California, Maryland California is a census-designated place and community in St. Mary's County, Maryland, United States. The population was 9,307 at the 2000 census. California continues to grow with the spread of population out from the older adjacent community of Lexington Park and the growth in & Texas leased back to auto/truck maker-- The Bentley Forbes Group LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control today closed a deal in which the commercial real estate firm acquired all three U.S. warehouse and distribution facilities of Isuzu Motors of America, Inc. for approximately $31 million and simultaneously leased back the properties to the automobile and truck manufacturer for 20 years. Key Bank in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden financed the transaction. The warehouse and distribution facilities - located in City of Industry, CA (near Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. ), Glen Burnie, MD (near Baltimore), and Grand Prairie Grand Prairie, city (1990 pop. 99,616), Dallas and Tarrant counties, N Tex., halfway between Dallas and Fort Worth; inc. 1909. Located in a highly urbanized and rapidly growing area, the city's boom caused its population to double between 1970 and 1990. , TX (near Dallas) - are similarly sized with a combined square footage of 745,648, and are each situated on a lot of about 12 acres. The buildings are primarily used to store parts until they are distributed to Isuzu dealers to service its line of sports utility vehicles, pick-up trucks and commercial delivery vehicles. C. Frederick Wehba II, president of Los Angeles-based Bentley Forbes, said this transaction brings his firm's portfolio to more than $580 million while generating growth of nearly 400% during the past year. The Bentley Forbes Group is a national, full-service commercial real estate investment firm that specializes in the acquisition and ownership of single-tenant, income-producing properties ranging from office buildings and shopping centers to light industrial facilities and warehouses. For additional information, please contact: Barry Landon, Edelman Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Worldwide (213) 857-9100, ext. 231 |
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