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Plymouth REIT Expands St. Louis Footprint
Plymouth Industrial REIT acquired two industrial properties in St. Louis totaling 566,408 square feet and one in Jacksonville, FL totaling 289,850 square feet for a combined $51.2 million.
Located in downtown St. Louis, Commerce Center I & II total 487,150 square feet and are 100% leased to five tenants. The buildings were acquired for $27.0 million. Located near St. Louis Lambert International Airport, the two Class B buildings at 2326 Grissom Dr. total 79,258 square feet and were acquired for $3.7 million.
8451 Western Way in Jacksonville spans 289,850 square feet and is 100% leased to five tenants. Located near Plymouth’s Centerpoint Business Park and Liberty Business Park, the property was acquired for $20.5 million.
Pendleton White, Jr., president and CIO of Plymouth, noted, “We were able to acquire these properties well below replacement cost and are confident in our ability to drive rental growth as near-term lease expirations occur.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition

