Industrial

“This acquisition is in line with our strategy of identifying underutilized, high quality food processing facilities that can be retrofitted for modern users,” says Leslie Amoils, president of Infinity Asset Solutions.

The package comes after Baltimore County agreed last month to provide $78 million in funding for infrastructure work at the 3,250-acre property.

The land is zoned for a wide range of prospective usages including a 10 MW private solar facility and 242 residential units.

The company enters 2019 with a resilient focused growth platform and more profitable portfolio.

The transaction marks the fifth data center property acquisition in 15 months for CIM and 1547 Critical Systems Realty.

Many of the tenants at 100 Ryan Street are on-line, internet-related sales companies.

Private capital's demand for industrial, coupled with the already strong appetite from buyers, has been a contributing factor in the cap rate compression during the last few years, says Moore in this <b>EXCLUSIVE</b>.

The deal for the portfolio secures the Boston-based firm gross proceeds of approximately $113.5 million. The properties are 100% leased to seven tenants. The portfolio was acquired by Exeter Property Group of Conshohocken, PA.