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WPT Industrial Goes on $96M Shopping Spree

By Tony Seruga

The REIT has agreed to acquire two distribution centers in Oregon and Texas. Combined, the properties offer more than 903,000 square feet of gross leasable space.

WPT Industrial Real Estate Investment Trust has agreements in the works to acquire two separate distribution properties for a total of $96.4 million. One asset is located in the Portland, Oregon, metro area and one in the Houston, Texas, metro area.

“These contemplated acquisitions reflect our commitment to continued growth and diversification of the REIT,” Scott Frederiksen, WPT’s CEO, said in a prepared release. “Upon closing, these acquisitions represent a strategic expansion into two new target markets and demonstrate the REIT’s ability to source attractive opportunities in today’s market.”

Because the deals are not officially closed, Frederiksen declined further comment…

WPT Industrial Goes on $96M Shopping Spree

Categories : Commercial Real Estate

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