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Plymouth Industrial has also signed a definitive agreement to acquire a 1.1-million-square-foot, multi-tenant Class B industrial property in Cincinnati for $24.8 million.
“We remain bullish on the current operating environment as well as the long-term fundamentals supporting grocery-anchored shopping centers, and this merger demonstrates our unwavering confidence in the asset class.”
“The outside capital is really helping to push local investors understand the value of the real estate and the opportunity that exists, and they are stepping in.”