After establishing its North American headquarters in Miami at 10450 Doral Blvd. in 1996, the company expanded its on-site footprint in 2001 by an additional 96,000 square feet. to house its Perishable Logistics operation. After establishing its North American headquarters in Miami at 10450 Doral Blvd. in 1996, the company expanded its on-site footprint in 2001 by an additional 96,000 square feet to house its Perishable Logistics operation.

DORAL, FL—Hellman Worldwide Logistics has sold its North American headquarters facility here in a sale/leaseback transaction with Industrial Logistics Properties Trust of Newton, MA in a deal valued at $43.1 million.

The 240,666-square-foot cross-dock facility has been owned and occupied by Hellman Worldwide Logistics since its opening in 1996 and serves as the Osnabrueck, Germany-based company’s North American headquarters. As part of the sale transaction, Hellman Worldwide signed a new 10-year lease at the property with the new ownership. Industrial Logistics Properties Trust is a publicly traded REIT managed by The RMR Group, Inc.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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