DENVER-Industrial Income Trust Inc.'s subsidiary is acquiring 12 industrial properties located in California, Illinois and Texas for nearly $194.5 million. The sale is scheduled to be close prior to the end of the current quarter.
The portfolio totalling 3.5 million square feet comprises a warehouse complex in Arlington, an industrial complex in Farmers Branch and two industrial buildings in Garland. Ridge Property Trust was the owner of the properties, which are nearly 100% occupied. For the full story, go to Dallas Morning News .
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