Canadian REIT Pure Industrial Grows US Footprint

The company has acquired a six-property portfolio from STAG Industrial Inc., for a total of $81 million.

3755 Atlanta Industrial Parkway 3755 Atlanta Industrial Parkway

Vancouver, B.C.—Canadian-based Pure Industrial Real Estate Trust (PIRET) is expanding its footprint in two major Southeast U.S. markets—Atlanta and Charlotte, N.C.—with the purchase of a six-property portfolio of industrial assets from STAG Industrial Inc. for $81 million.

The United States acquisitions comprise roughly 1.6 million square feet and consist of four assets in the Atlanta metro area and two in Charlotte. They increase PIRET’s investment in the U.S. to 19 properties totaling 4.6 million square feet and its Southeast U.S. holdings to 10 properties with a total of 3 million square feet of gross leasing area…

Canadian REIT Pure Industrial Grows US Footprint

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