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KTR Acquires 665,000-SF Industrial Portfolio

BOCA RATON, FL-The locally based Leder Group sells the nine-building, 665,000-sf industrial portfolio which is spread across four counties.

By Natalie Keith | Updated on July 25, 2007

BOCA RATON, FL-New York City-based KTR Capital Partners has acquired a 665,000-sf industrial portfolio in four counties. Nine of the buildings, with approximately 420,000 sf, are located in Palm Beach County. The remaining buildings are located in Miami-Dade, St. Lucie and Broward counties.

The portfolio is currently 97% leased. The acquisition price was not disclosed. “The buildings are quality, infill buildings that serve small to mid-size tenants all located within close proximity to Interstate 95,” KTR vice president PJ Charlton tells GlobeSt.com. “They were acquired at below replacement cost.”

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