Tuesday, March 12, 2013

WPT Completes $99.5M Acquisition of Midwest Dist. Portfolio




National Commercial Real Estate News From CoStar Group





WPT Completes $99.5M Acquisition of Midwest Dist. Portfolio



Welsh Property Trust finalized its purchase of the 2.71 million-square-foot Core Midwest Distribution Portfolio from KTR Capital Partners for $99.5 million or $37 per square foot.

The assets are 94 percent leased to six tenants with below-market rental rates in Chicago, Indianapolis, Cincinnati and Columbus, OH.

“This offering represented a rare opportunity for Welsh Property Trust to acquire five debt-free, newer built industrial facilities...






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