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October 28, 2013
05:54 EDTCSGChambers Street executes 10-year lease at Community Cash Complex
Chambers Street Properties announced a new long-term lease for 342,096 square feet at its Community Cash Complex warehouse/distribution property in Spartanburg, South Carolina. The company owns more than 3.6M square feet of warehouse/distribution properties in South Carolina. The 10-year lease with Rank Distributors, Inc., a global sourcing service for the hospitality industry, covers two buildings in the five-building complex. Community Cash Complex is a five-building warehouse/distribution property totaling 552,000 square feet located in the strategic logistics market of Spartanburg. The property is conveniently located 14 miles east of the South Carolina Inland Port in Greer, South Carolina, a new $47M intermodal facility which will allow the transfer of container traffic to and from the Port of Charleston by rail and truck.
News For CSG From The Last 14 Days
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January 14, 2015
05:46 EDTCSGNet Lease REIT sector downgraded to Underweight at Wells Fargo
Wells Fargo downgraded the Net Lease REIT sector to Underweight from Market Weight citing valuation and limited total return upside potential in 2015 relative to the other REIT property types. Along with the sector, Wells downgraded Realty Income (O) to Market Perform from Outperform. The firm keeps Outperform ratings Chambers Street Properties (CSG) and Lexington Realty (LXP) and Market Perform ratings on National Retail Properties (NNN) and STORE Capital (STOR).

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