Canadian REIT buys IKEA 1M-sf distribution centerCanadian REIT buys IKEA 1M-sf distribution centerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=159182017-02-27T06:00:00Z2017-02-27T23:00:00Z

​​BAYTOWN – Canada-based Pure Industrial Real Estate Tru​st​ has drafted a deal to purchase the newly constructed industrial buildings IKEA is leasing. The property is near the Port of Houston. 

The REIT buying the two buildings, which total 996,482 sf, will pay approximately $63.5 million.​

The building​s are located in the 10,987-acre Cedar Port Industrial Park.

The Class A buildings are 100 percent leased to IKEA Distribution Services Inc., according to the REIT.
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