John Murray, president and CEO of ILPT
NEWTON, MA—Locally-based Industrial Logistics Properties Trustreports it has entered a $680 million joint venture whereby it willsell 39% interest in a 12-property portfolio totaling 9.2 millionsquare feet in nine states.
The unnamed Asian investor will contribute approximately $108million for a 39% equity interest in the joint venture and ILPTwill own the remaining 61% equity interest in the jointventure.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
