New York, New York (PRWEB) April 27, 2022 Women We Admire is pleased to announce The Top 50 Women Leaders of San Diego for 2022. This year’s awardees are
ILPT Enters Kansas With $44M Industrial Purchase
The REIT purchased a 645,000-square-foot distribution center in Gardner from USAA Real Estate. Jan082021
Image by falco via Pixabay
Industrial Logistics Properties Trust has expanded its footprint into Kansas with the acquisition of a state-of-the-art net leased distribution center in metropolitan Kansas City. The REIT purchased the 645,000-square-foot building at 17001 W. Mercury St. in Gardner from USIR II – GARDNER LLC, an entity of USAA Real Estate, in a transaction valued at $44 million.
With this acquisition, Newton, Mass.-based ILPT now has a presence in 32 states across the U.S. The REIT has been eager to bolster its portfolio, but the right opportunities have not exactly been plentiful over the last several months. “Strong performance of industrial real estate during this pandemic has continued to attract capital looking for deployment opportunities,” John Murray, CEO of Industrial Logistics Proper