GRABEN, GERMANY-Princeton, NJ-based CB Richard Ellis Realty Trust has joined Sydney-based Goodman Group in the ownership of two new warehouses here totaling 1.1 million square feet. The trust joined a joint venture for the ownership, paying about $77.3 million for the buildings, which are now leased by Amazon and DHL, respectively.

Goodman built both facilities, and has joined the trust in the ownership of the two buildings, located in this Munich suburb. The one-million-square-foot Graben Distribution Center I was a build-to-suit for Amazon Fulfillment GmbH, the local subsidiary of Internet retailer Amazon, which is leasing the facility through April 2022. The 73,367-square-foot Graben Distribution Center II building is being leased to Deutsche Post Immobilien GmbH, conducting business under the DHL brand, through November 2021.

Both facilities were completed in late 2011, and are linked via a connector bridge. A commuter rail line passes in front of the site, and a rail station is planned for the property. This is the fourth building Goodman has built for Amazon in Germany, including developments in Rheinberg, Koblenz and Pforzheim.