Inman

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.

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