First Industrial builds portfolio

First Industrial Realty Trust Inc. has acquired a portfolio of 18 industrial buildings totaling 2.4 million square feet across four states.

The value of the portfolio was not disclosed.

The portfolio covers five markets and is comprised of nine buildings in Dallas, four in Chicago, three in Minneapolis, and one each in Kansas City and San Antonio.

Principal Real Estate Investors sold the buildings.

First Industrial Realty Trust builds, buys, sells and manages industrial property in major markets nationwide.

***

What's your opinion? Send your Letter to the Editor to opinion@inman.com.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.