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Electronics Production | March 25, 2008

Flextronics sells property to real estate firm

Real Estate Firm Westcore Properties, LLC, has acquired a manufacturing building in Charlotte, North Carolina, United States from Flextronics International USA, Inc.

The purchase price was $24,750,000. Flextronics will continue to occupy the building. Neil Johnson, director of acquisitions for Westcore Properties, told SunHerald.com that Flextronics strong credit, combined with the long-term nature of the lease and low price per square foot, make this investment attractive.
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