John Murray, president and CEO of ILPT
NEWTON, MA—Locally-based Industrial Logistics Properties Trustreports it has closed on the 12th and final property included inits previously announced $680-million joint venture with an Asianinstitutional investor.
The property is 100% leased to Amazon. The Asian investorcontributed approximately $26 million for the 12th property inaddition to the approximately $82 million contributed for theinitial 11 properties last month. The investor owns a 39% equityinterest 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.
