Granite REIT Acquires Industrial Properties In Antioch, Il, Walton, Ky, Memphis & Olive Branch, Miss. For $195M

The industrial properties located at 1243 Gregory Drive in Antioch, IL, 60 Logistics Blvd. in Walton, KY, 12577 Stateline Road in Memphis, and 8740 South Crossroads Drive in Olive Branch, MS have been sold in a transaction. The buyer of these properties is Granite REIT, while the seller is IDI Logistics. The deal was facilitated by brokers Steve Disse, Jeff Devine, Tyler Ziebel, and Alex Cantu from Colliers International. The total sale price for these properties is $195,000,000, with a combined square footage of 2,400,000. The price per square foot is $81.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $195,000,000
• Buyer: Granite REIT
• Seller: IDI Logistics
• Brokers: Steve Disse, Jeff Devine, Tyler Ziebel, and Alex Cantu - Colliers International
• Market: Antioch, IL, Walton, KY, Memphis, and Olive Branch, MS
• Addresses: 1243 Gregory Drive, 60 Logistics Blvd., 12577 Stateline Road, and 8740 South Crossroads Drive
• Square Footage: 2,400,000
• Price per Square Foot: $81

The involvement of Granite REIT as the buyer and IDI Logistics as the seller highlights the significance of this deal in the industrial property market. The brokerage services for this transaction were provided by Steve Disse, Jeff Devine, Tyler Ziebel, and Alex Cantu from Colliers International. The successful completion of this transaction demonstrates the expertise and capabilities of the involved parties in the industrial real estate sector.