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New York-based Madison Capital paid $230 million to acquire four of REI Co-op's distribution centers in different states: Arizona, Tennessee, Washington and Pennsylvania. It bought the Goodyear property,

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Washington-based Recreational Equipment Inc. has sold off its West Valley warehouse in Goodyear to an investment firm in a major sale-leaseback deal. New York-based Madison Capital paid $230 million to acquire four of REI Co-op's distribution centers in different states: Arizona, Tennessee, Washington and Pennsylvania.