RBT Industries Acquires 455,858 Square Foot Industrial Property In Lansing From Plymouth Industrial REIT

The transaction involves the sale of an industrial asset located at 16801 Exchange Avenue in Lansing, Illinois. This property has a total square footage of 455,858 and has been sold from Plymouth Industrial REIT, Inc. to RBT Industries. RBT Industries plans to occupy a portion of the building, specifically 313,982 square feet, while LKQ Corporation will lease the remaining space.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 16801 Exchange Avenue
• Market: Lansing, IL
• Square Footage: 455,858
• Buyer: RBT Industries
• Seller: Plymouth Industrial REIT, Inc.
• Buyer's Representative: Walter Murphy - Lee & Associates
• Seller's Representatives: Stephanie Park, Colin Green & Traci Payette - CBRE

This transaction highlights the involvement of several key individuals and firms. Walter Murphy from Lee & Associates represented RBT Industries in this acquisition. Meanwhile, the seller, Plymouth Industrial REIT, Inc., was represented by a team from CBRE, including Stephanie Park, Colin Green, and Traci Payette, contributing to the successful completion of this deal.