Chambers Street REIT Acquires 17 Buildings From JV Partner

Law360, New York (March 19, 2013, 1:52 PM EDT) -- Maryland real estate investment trust Chambers Street Properties has acquired for an undisclosed price the interests in 16 office buildings and a warehouse that it didn't already own through a joint venture with industrial and office property developer Duke Realty Corp., Chambers Street announced Monday.

As a result of the transaction, the five-year-old joint venture's nationwide office and industrial portfolio will be knocked down to 20 properties, owned 80 percent by Chambers Street and 20 percent by Duke, according to the company.

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