The US Industrial REIT has purchased a 1.2 million-square-foot industrial portfolio in Woodland, Calif. The value of the transaction was $51 million. The purchase consists of three one-story, class A buildings: Tide Court A, 221 Hanson Way and 2222 East Beamer St. At the time of sale, the three buildings were leased to two tenants – Hewlett Packard and Advanced Marketing Services, both serving regional and national customers. The Hanson Way and Beamer Street buildings include high-tech security monitoring and surveillance and walls that fall below grade level pop-outs, allowing the buildings to be easily cross-docked. US Industrial REIT is an affiliate entity sponsored by USAA Real Estate Co. The REIT owns 20 properties including more than 11 million square feet of industrial pr...
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