Premier Industrial commercial real estate news, analysis, trends and information including warehouse, distribution, logistics, e-commerce, self storage and R&D space deals and players.
The Koll Company and Seera Investment Bank B.S.C sell a 1 million-square-foot industrial facility in Phoenix for $98 million after buying it in 2016 for $75 million.
The portfolio includes 23 properties in Missouri, 10 in California, six in Arkansas and two in Nevada, all of which represents nearly the entirety of the company's operational real estate.
The Chicago-based industrial real estate firm states it has commenced phase one of the development, which includes construction of a 555,840-square-foot state-of-the-art logistics center.
A breakdown of the portfolio traded includes 46 buildings totaling 9.9 million square feet principally in Poland, France and Hungary and 40 buildings totaling 6.6 million square feet primarily in Seattle, Dallas and Chicago.
Plymouth Industrial has also signed a definitive agreement to acquire a 1.1-million-square-foot, multi-tenant Class B industrial property in Cincinnati for $24.8 million.