Plymouth Industrial REIT Buys Two Industrial Buildings

Plymouth Industrial REIT said Friday that it agreed to acquire two class B industrial properties in Indianapolis, Indiana for a total consideration of $16.9 million.

The assets consist of a 562,497-square-foot building and a 44,374-square-foot building which are currently 94% leased. The consideration consists of $8.5 million in cash, and $8.4 million of the company’s operating partnership units. The transaction is expected to close within 30 days, subject to customary closing conditions.

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