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Welsh Buys Giant Industrial Portfolio

CHICAGO, IL- The Welsh Property Trust has purchased five buildings across the Midwest, a total of nearly 2.8 million square-feet.

By Brian J. Rogal | Updated on February 21, 2013

CHICAGO, IL- Jones Lang LaSalle’s Capital Markets announced this week that the firm had finalized the sale of five large industrial buildings in the suburbs of Chicago, Indianapolis, Cincinnati and Columbus with a total of more than 2.7 million SF. The Welsh Property Trust purchased the group from KTR Capital Partners for $99.5 million.

The purchase continues the Minnesota-based Welsh’s strategy of picking up almost-new distribution buildings with low vacancy rates and central locations. Welsh acquired similar facilities in 2011 when they spent $65 million for seven buildings in the Atlanta suburbs.   

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