Milwaukee-based LCM Funds LLC purchased a 261,560-square-foot industrial building in Glendale from Bentley World Packaging for $5.8 million in a sale-leaseback deal.
Bentley, which sold the same building, located at 200 W. Capitol Drive, 10 years ago to STAG Industrial, bought it back at the end of last year for $3.915 million in order to invest in building improvements.
Bentley will now leaseback the entire building from LCM Funds in the 10-year deal.
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Kurt Van Dyke and Kevin Barry of The Barry Company were the sole brokers on the transaction.
