NEW YORK – Gramercy Property Trust has purchased nine industrial properties throughout the Houston and Dallas areas from Core Logistics.
The assets are part of a 41-property, 7.8 million-sf portfolio sold for around $479.1 million. The portfolio is 93 percent leased collectively. Five properties totaling approximately 400,000 sf are in Dallas, and four properties totaling 300,000 sf are in Houston.
Other properties are in Atlanta; Chicago; Memphis, Tenn.; and Columbus, Ohio.
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