Business NewsMarketWire • Industrial Income Trust Announces Acquisition of Seattle, WA Area Distribution Facility

Industrial Income Trust Announces Acquisition of Seattle, WA Area Distribution Facility

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. 

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