Business Services Industry
New fund for Gale Co
Real Estate Weekly, March 20, 2002
Gale & Wentworth announced the company has formed its fourth investment fund with Morgan Stanley valued at approximately $200 million. Stan Gale, chairman and CEO; Gale & Wentworth; and Morgan Stanley created their first real estate investment partnership in 1996 and to date have invested approximately $2 billion in value-added suburban office properties and select CBD developments.
This new fund will target acquisition and redevelopment opportunities in the Boston to Washington, D.C. corridor and Northern and Southern California markets. Gale & Wentworth has also announced it has changed its name to The Gale Company. The name change reflects the company's new corporate branding and identity strategy.
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