San Antonio, TX – February 18, 2011 – (RealEstateRama) — US Industrial REIT III, an affiliate of USAA Real Estate Company, announces the acquisition of a 1.1 million-square-foot, Class A bulk distribution facility located in Charleston, South Carolina. The property was acquired from sellers The Rockefeller Group and MeadWestvaco Corporation, joint venture partners. Andrew Merin and Stewart Calhoun of Cushman & Wakefield represented the seller in the transaction with local assistance from Colliers Keenan. The purchase price was not disclosed.
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