John Murray, president and CEO of ILPT
NEWTON, MA—Locally-based Industrial Logistics Properties Trust reports it has entered a $680 million joint venture whereby it will sell 39% interest in a 12-property portfolio totaling 9.2 million square feet in nine states.
The unnamed Asian investor will contribute approximately $108 million for a 39% equity interest in the joint venture and ILPT will own the remaining 61% equity interest in the joint venture.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
