Peakstone Realty Trust has struck an off-market deal to acquire 51 industrial outdoor storage properties for $490 million.
The portfolio covers 14 states and includes six redevelopment assets and 45 operating sites. The exact regions are unclear the operating sites are fully leased to a mix of regional and top national tenants.
The seller was a joint venture that consisted of institutional firms that were advised by J.P. Morgan Asset Management, and Alterra IOS.
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