The assets are located in this city as well as Cheonan City andMilyang City. A ProLogis spokeswoman would not reveal the sellersbut says that they are three separate South Korea-based third-partylogistics companies.
The assets acquired Icheon, for $38.1 million, total 327,000 sf,are made up of nine facilities in a sale-leaseback transaction. InCheonan, for $17.2 million, ProLogis acquired two buildingstotaling 269,560 sf. The facilities in both of these cities areleased to third-party logistics providers.
The Milyang facility, bought for $31 million and totaling292,330 sf, is two stories and leased to a local retailcompany.
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