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

Property Image
SOLD
$67,100,000

Ohio

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Industrial697,800 SF
Sold 08/17/2023
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Property Image
SOLD

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

9157 Mink Street Southwest

See Similar Deals
Industrial697,800 SF
Sold 08/17/2023
the dealplayerscompscontact
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Summary

OHIO
Asset Type:Industrial
Price Per Square Foot:$96
Total Square Footage:697,800 SF
Transaction Type:Sale

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.

Players

Hines
Hines
BROKERAGE
JH
John Harrison
2 deals$68.9M volume
BUYER
Hines
Hines
BUYER
CP
Core5 Industrial Partners
SELLER

Details

SOLD
IMAGE: John H. Harrison DATE: 08/17/2023 ADDRESS: 9157 Mink Street Southwest MARKET: Etna Township, Ohio ASSET TYPE: Industrial BUYER: Hines Global Income Trust Inc (@Hines) - John H. Harrison SELLER: Core5 Industrial Partners BROKER: JLL (@JLL) SALE PRICE: $67,100,000 SF: 697,800 ~ PPSF: $96 NOTE: Hines Global Income Trust purchased the I-70 Logistics Center, a fully leased 697,800-square-foot industrial property in Etna Township, Ohio, from Core5 Industrial Partners for $67.1 million. The property's strategic location near major transportation hubs and modern facilities make it a valuable addition to Hines' portfolio.

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