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 standalone REIT, Industrial Logistics Properties Trust, will initially own more than 260 mostly single-tenant properties contributed by parent company Select Income REIT.
Right now there are about 3.3 million square feet of last mile facilities that are within 20 miles of Logan Circle and only 11% within ten miles of that destination.
The average sales price per square foot continues its march towards triple digits at $81.66 per square foot for the quarter, an increase of $26.66 per square foot from last year's third quarter number.
“We intend to assemble a large foot print of top quality infill industrial properties across the MSA which caters to the increased demands of e-commerce."