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John Murray, president and CEO of ILPT John Murray, president and CEO of ILPT

NEWTON, MA—Locally-based Industrial Logistics Properties Trust reports it has closed on the 12th and final property included in its previously announced $680-million joint venture with an Asian institutional investor.

The property is 100% leased to Amazon. The Asian investor contributed approximately $26 million for the 12th property in addition to the approximately $82 million contributed for the initial 11 properties last month. The investor owns a 39% equity interest in the joint venture and ILPT owns the remaining 61% equity interest in the joint venture.

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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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