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Colony boosts industrial portfolio by 1.1M square feet

Published 07/11/2018, 08:26 AM
© Reuters.  Colony boosts industrial portfolio by 1.1M square feet
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  • Colony (NYSE:CLNY) Industrial acquires portfolio of properties in northern New Jersey and adds new properties in Baltimore, MD, and San Antonio,TX.
  • Northern New Jersey Last Mile Logistics portfolio consists of 10 light industrial buildings totaling 639,681 square feet; infill buildings are 91% leased to 11 high-quality tenants, Colony says.
  • Preston Court in Baltimore consists of one 90,058-square-foot building in a multi-building industrial park; the building is currently vacant.
  • Enterprise Industrial Park building III in San Antonio is a 359,251-square-foot building adjacent to buildings I and II, which Colony acquired in March. Building III is currently vacant.
  • Source: Press Release
  • Previously: Colony Capital sells Europe data center operator to AXA Investment Managers (July 10)
  • Now read: Ho, Ho, Ho, Way To Go Kimco


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