Bed Bath & Beyond Warehouses Trade for $63 Million

American Realty Capital Trust III Inc., a real estate investment trust, completed its purchase of a 1.04 million-square-foot industrial portfolio in Stockton, CA, for nearly $63 million or $61 per square foot.

Retail Properties of America Inc. (NYSE: RPAI) was the seller. The shopping center REIT is formerly known as Inland Western Retail Real Estate Trust.

The assets included two 517,920-square-foot distribution centers at 3610 S. Airport…

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