Retail

Michelin sells four warehouses

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Michelin North America Inc. (MNA) has sold four distribution centers in South Carolina, Michigan, California and Alberta.

The South Carolina, Michigan and Alberta warehouses were bought by Lexington Corporate Properties Trust, a New York City-based real estate investment trust.

The Ontario, Calif., warehouse was acquired by TNT Logistics North America, who signed a deal earlier this month to operate Michelin's North American distribution centers over the next six years.

The transactions totaled $26 million, says an MNA spokesperson.

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