Biynah acquired the St. Paul Business Center vis-à-vis a tax-deferred exchange in September of 2017. The property is exceptionally well-located at the intersections of I-35E and Hwy 694, maintains historically high occupancy rates generating a strong current yield. Biynah anticipates implementing a capital improvement program at the property and maintains a long-term hold position for[…]
A joint venture between Biynah and Alex Brown Realty sold 250-258 Kitley Avenue in Indianapolis to a private California-based investor in September 2017. This sale marks the second divestiture of the joint venture’s Midwest Industrial Fund.