DALLAS – New York City-based Gramercy Property Trust has purchased the North American Logistics Portfolio, a 17-property national industrial portfolio that includes one Texas facility.
The 10.2 million-sf portfolio consists of 17 Class A distribution facilities and is 97 percent occupied. The only facility in Texas is the 527,100-sf Trade Ave. building in Dallas.
The seller was San Antonio-based USAA Real Estate Company.
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