Hines Global Income Trust Acquires I-70 Logistics Center Industrial Property In Etna Township, Ohio For $67.1M

Hines Global Income Trust Inc, represented by John H. Harrison, has acquired the I-70 Logistics Center in Etna Township, Ohio. The fully leased industrial property spans 697,800 square feet and was sold by Core5 Industrial Partners for a total of $67.1 million. The strategic location of the property, situated near major transportation hubs, combined with its modern facilities, makes it a valuable addition to Hines' portfolio.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $67,100,000
• SF: 697,800
• PPSF: $96
• Date: 08/17/2023
• Address: 9157 Mink Street Southwest, Etna Township, Ohio
• Market: Etna Township, Ohio

In this deal, Hines Global Income Trust Inc was represented by John H. Harrison. On the other side, Core5 Industrial Partners acted as the seller. The transaction was facilitated by JLL as the broker. The I-70 Logistics Center's prime location and modern facilities contribute to its role as a valuable industrial asset in Etna Township, Ohio.