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The state-of-the-art facility occupies nearly 28 acres and features a 40-foot clear height; 62 manually-operated rear dock doors and two drive-in doors; a 130-foot deep truck court; 355 car spaces; and 74 trailer spaces.
As traditional banks adjust to the new federal HVCRE banking regulations, construction financing from life insurers, pension funds and other non-banking institutional sources is on the rise, GlobeSt.com learns in this <b>EXCLUSIVE</b>.
The standalone REIT, Industrial Logistics Properties Trust, will initially own more than 260 mostly single-tenant properties contributed by parent company Select Income REIT.
Right now there are about 3.3 million square feet of last mile facilities that are within 20 miles of Logan Circle and only 11% within ten miles of that destination.
The average sales price per square foot continues its march towards triple digits at $81.66 per square foot for the quarter, an increase of $26.66 per square foot from last year's third quarter number.