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ATLANTA—Plymouth Industrial REIT has acquired a five-building, 924,036-square-foot industrial portfolio in Atlanta and Savannah for $34.7 million. The acquisition, which is projected to provide an initial yield of 7.6%, was funded with borrowings under the company’s credit facilities.

Pendleton White Jr., Plymouth’s president and chief investment officer, tells GlobeSt.com that the buildings mainly house distribution operations with some light manufacturing. The largest tenant is the Balta Group, a Belgian producer of carpets and rugs.

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