The RMR Group Acquires Industrial Properties Portfolio For $206M
2353 Global Drive, 2373 Global Drive, 16920 West Commerce Drive, 6380 E Holmes Road, 481 Airport Industrial Drive, 8474 Market Place Drive
2,500,000 SF
Summary
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.
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