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                 Market News

Lone Star Funds Purchases Wallingford Portfolio

June 2015 -  Lone Star Funds, an opportunistic institutional investment fund, purchased a nine building portfolio consisting of 620,000 sf of industrial, flex and office buildings in Wallingford, CT for approximately $30.5 million.  The properties are scattered around the Barnes Business Park and were sold by Commonwealth Properties, a Boston based REIT.  Another 180,000 sf warehouse was also a part of the portfolio which sold for $9.7 million and an office building on Research Parkway in Meriden. 

The portfolio was previously sold by Winstanley Enterprises at the height the market in 2007.
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