Plymouth Industrial REIT acquired Salisbury Business Park in Jacksonville, FL as part of a 20-building, three business park portfolio totaling 1.1 million square feet for $97.1 million. The portfolio is located at the intersection of I-95 and J. Turner Butler Boulevard. Plymouth Industrial REIT acquired Salisbury Business Park in Jacksonville, FL as part of a 20-building, three business park portfolio totaling 1.1 million square feet for $97.1 million. The portfolio is located at the intersection of I-95 and J. Turner Butler Boulevard.

BOSTON—Locally-based Plymouth Industrial REIT, Inc. has completed the previously announced acquisition of a 20-building, 1.1 million-square-foot light industrial and flex portfolio in Jacksonville, FL for $97.1 million.

The company also reports that the $75-million investment by an affiliate of New York City-based Madison International Realty Holdings, LLC in Plymouth Industrial closed on Dec. 14 in conjunction with the Jacksonville portfolio deal.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.