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Modell's sells Bronx, NYC, warehouse for $115M

Sports apparel chain Modell's sold a 366,000-square-foot distribution center in the Bronx in New York City for $115 million, The Real Deal reported, citing a public filing.

The buyer of the warehouse, situated on a 12-acre lot at 1500 Bassett Ave., was Maryland-based logistics real estate company Realterm Logistics.