DENVER—Industrial Income Trust Inc., a leading US industrial real estate investment trust, said Wednesday that it will merge into Western Logistics II LLC in an all cash transaction valued at approximately $4.55 billion. The deal is expected to close around November 4.
“We are very pleased that our stockholders have approved the acquisition of the company by GLP, a leading global provider of modern logistics facilities,” said Dwight Merriman, CEO of Industrial Income Trust. “We thank our stockholders for their investment and ongoing support, and believe this merger provides compelling value for all of our stockholders.”
Western Logistics II LLC is an affiliate of Global Logistic Properties Limited (GLP).
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
