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Report: CT Realty, Diamond Realty JV sells NorCal Logistics Center for $105M

A partnership between CT Realty and Diamond Realty Investments sold the NorCal Logistics Center in California for $105 million, IPE Real Assets reported, citing undisclosed sources.

The buyer of the newly built, single-tenant property, which totals approximately 1.1 million square feet, was Bentall Kennedy, which made the acquisition through its core U.S. fund, the publication added.

IPE Real Assets could not obtain a comment on the matter from broker CBRE.

Diamond Realty Investments is a subsidiary of Japanese trading giant Mitsubishi Corp.