DENVER—Industrial Property Trust Inc., saysthat during June, it acquired three buildings totaling481,000 square feet, located across three majorindustrial markets nationwide for an aggregate purchase price ofapproximately $38.1 million.
On June 6, IPT acquired a single tenant distributioncenter totaling 247,000 square feetlocated in Southern California for approximately$20.0 million. This is IPT's first acquisition inthe Southern California market. This property is 100%leased to Bissell Inc., a leadingmanufacturer of vacuum cleaners and floor care products.
On June 20, IPT acquired a 71,000 square foot,single tenant distribution center located in SouthFlorida. This is IPT's second acquisition in the SouthFlorida market. This property is 100% leased toWoodfield Distribution, LLC, a third-partylogistics provider specializing in pharmaceutical supply chainsolutions for the healthcare industry.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
