Business News • MarketWire • Industrial Income Trust Announces Acquisition of Seattle, WA Area Distribution Facility |
Industrial Income Trust Announces Acquisition of Seattle, WA Area Distribution Facility |
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Industrial Income Trust Announces Acquisition of Seattle, WA Area Distribution Facility
DENVER, CO--(Marketwire - June 21, 2010) - Industrial Income Trust Inc. (IIT), an industrial real estate investment trust, announced today that it has signed a definitive agreement to acquire the Renton Industrial Building, an industrial distribution facility in the Kent Valley submarket of Seattle-Tacoma, WA at a purchase price of approximately $12.6 million. The property is approximately 127,000 square feet, and will be leased for a 10-year term to DHL Global Forwarding, one of the four business divisions within Deutsche Post DHL -- the world's leading postal and logistics services group.
View More : http://www.marketwire.com/mw/release.do?id=1279392&sourceType=3
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