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16-Building Industrial Portfolio Sells for $57M

HUNT VALLEY, MD-The properties--10 of which are located here with the remaining six situated in Woodlawn--account for an aggregate 952,000 sf of space.

By Barbra Murray | Updated on December 26, 2005

(To read more on the industrial market, click here.)

HUNT VALLEY, MD-Chicago-headquartered First Industrial Realty Trust Inc. acquired a portfolio of 16 industrial buildings for $57 million. The light industrial and flex properties account for a total of 952,000 sf here and in Woodlawn. The seller ws Chicago’s General Growth Properties.

First Industrial chief investment officer Johannson L. Yap alluded to the real estate investment community’s interest in the properties, saying, “First Industrial’s expertise in acquiring industrial portfolios with multiple property types enabled us to win this portfolio.” First Industrial’s new holdings in Hunt Valley are located in the 485-acre Hunt Valley Business Community, which sits off I-83 about 20 miles outside of Baltimore.

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