Somerset Properties purchased the South Elm Industrial Center in Greensboro for $46.75 million.
Blue Ridge Industrial was the seller of the 336,000-square-foot industrial complex.
The Triad Business Journal reports Neal Colligan of Largo Capital Inc. arranged a $33.9 million floating-rate, first mortgage for the acquisition and lease-up of the park. The 13-building South Elm Industrial Center is around 80% occupied by 43 tenants…