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Michelin Sells/Leases Back Texas Distribution Center

(Akron/Tire Review) Michelin North America did a sale/leaseback deal with its distribution center in Houston.

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The move will not impact Michelin’s operations there, and the move will save the tiremaker an undisclosed amount.

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Michelin sold the 663,000-square-foot warehouse to First Industrial Realty Trust Inc. and signed a 10-year lease deal for the facility.

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