GFH acquires distribution facility in Chicago
MANAMA, February 23, 2021 GFH Financial Group (GFH) has acquired a mission-critical distribution facility in Chicago, Illinois, which has been leased since November 2015 to blue chip tenant, Michelin North America, an international tire brand. The transaction, valued at over c.$135 million, marks the continued expansion of GFH’s global portfolio of income generating real estate assets including prime distribution centres; well positioned logistics assets and last mile delivery facilities in the US and Europe. The transaction was undertaken in partnership with Silver Creek Commercial Development, a US based asset manager with a track record of over $2 billion in logistics transactions.