FORT WORTH – Vancouver-based Pure Industrial Real Estate Trust has acquired over $73 million of industrial assets.
A newly constructed, 301,500-sf distribution center was purchased for $25 million. The 32-foot clear height asset is 86 percent leased.
The other local purchase is a brand new 657,043-sf, 36-foot clear height distribution center. The 75 percent-leased asset traded for $48 million.
The trust also acquired other assets in Georgia and Canada.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.