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Alere Property receives $135M financing for Calif. industrial portfolio

Real estate investor and developer Alere Property Group LLC obtained a $135 million loan from TH Real Estate to finance a 19-asset industrial portfolio of properties spread across Southern California, Commercial Observer reported.

The properties total 1.7 million square feet across the Central Los Angeles, South Bay and Inland Empire markets, the publication said, citing TH Real Estate. It is 95% occupied by 18 tenants.

An Alere official was not immediately available to comment, according to the report.