The RMR Group Acquires Industrial Properties Portfolio For $206M

The industrial property located at 2353 Global Drive, 2373 Global Drive, 16920 W. Commerce Drive, 6380 E Holmes Rd, 481 Airport Industrial Dr., and 8474 Market Place Dr. has been sold in a closed transaction. The buyer, The RMR Group, acquired the property from Industrial Logistics Properties Trust, represented by John Murray. The sale price for the property was $206,000,000. The total square footage of the property is 2,500,000, resulting in a price per square foot of $82.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $206,000,000
• Square Footage: 2,500,000
• Price per Square Foot: $82
• Buyer: The RMR Group
• Seller: Industrial Logistics Properties Trust - John Murray
• Market: Columbus OH, Goodyear AZ, Memphis, Southaven MS

The transaction involving the industrial property was facilitated by John Murray representing Industrial Logistics Properties Trust. This deal marks a significant transaction in the industrial property market, with The RMR Group acquiring the property from Industrial Logistics Properties Trust for a substantial amount. The details of the transaction highlight the active commercial real estate market in the respective markets of Columbus OH, Goodyear AZ, Memphis, and Southaven MS.