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(Courtesy of Amazon.com)
South Korea’s IGIS Asset Management Co. and Hana Financial Investment Co. have jointly acquired three pre-completed logistics centers in the US for $390 million, which are under a long-term lease to Amazon, the company sources said on Dec. 21.
They made the purchase via a joint venture with the US real estate developer Scannell Properties. The warehouses are located respectively in Stafford, Virginia; Kansas City, Missouri; and Lakeville, Minnesota. Under a 15-year contract with the US online retail giant with an extension option, the properties are scheduled to be completed in the second half of next year.