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John Murray

NEWTON, MA—Industrial Logistics Properties Trust is acquiring two portfolios for total amount of $905.3 million, excluding acquisition related costs. One transaction is an eight-asset, 4.2 million square foot portfolio located in Indianapolis and Cincinnati that is trading for $280 million. The other deal is a portfolio of 18 properties totaling 8.7 million square feet. The seller is Cole Office & Industrial REIT and the purchase price is $625.3 million.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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