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Monmouth Finds Buyer After Zell And Sternlicht Offers Fall Through

by therealdeal.com posted 2weeks ago 4 views
Monmouth Real Estate, the family-run firm whose 120 warehouses sparked a bruising bidding war between swashbuckling investors Sam Zell and Barry Sterlicht, opted for Plan C. Monmouth, based in Holmdel, New Jersey, said after the market closed on Thursday that it’s being sold for $4 billion to Industrial Logistics Properties Trust, a Newton, Massachusetts company whose 294 properties cover 36.5 million leasable square feet. The all-cash deal works out to $21 a share, 11.5 percent The post Plan C: Monmouth finds buyer after Zell, Sternlicht offers fall through appeared first on The Real Deal New York.

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