The real estate investment platform RealtyMogul announced the last call for investment in an industrial center in Detroit.
The Gateway Industrial Center offering is at 92% funding capacity, leaving a small window for investors to join the venture. Gateway Industrial is a value-adding equity investment in a manufacturing, assembly and logistics facility. Project sponsor Innovo Development Group purchased the property with less than 50% occupancy in January 2020 for $94.5 million. Innovo is in the process of constructing an addition to the northwest corner of the complex, adding 421,000 square feet to the facility.
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Full story available on Benzinga.com
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The Gateway Industrial Center offering is at 92% funding capacity, leaving a small window for investors to join the venture. Gateway Industrial is a value-adding equity investment in a manufacturing, assembly and logistics facility. Project sponsor Innovo Development Group purchased the property with less than 50% occupancy in January 2020 for $94.5 million. Innovo is in the process of constructing an addition to the northwest corner of the complex, adding 421,000 square feet to the facility.
p>
Full story available on Benzinga.com
Continue reading...