June 7, 2002
Lend Lease has shed more than 1 million square feet of Renton industrial space for about $46 million, one of the largest transactions in the Kent Valley industrial market this past year.
The buyer: San Francisco-based real estate investment trust AMB Property Corp., which owns roughly 4 million square feet of industrial property in the Seattle area, not including the latest transaction. AMB declined comment for this story, saying it's company policy not to talk about deals until the next financial quarter.
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