Plymouth Industrial REIT Expands Presence in St. Louis and Jacksonville with Acquisition of Three Industrial Properties for $51 Million

Author's Avatar
Sep 11, 2020
Article's Main Image

Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced the recent acquisition of two industrial properties in St. Louis, Missouri totaling 566,408 square feet and one industrial property in Jacksonville, Florida totaling 289,850 square feet for a total purchase price of $51.2 million. The acquisitions expand Plymouth’s existing presence in these key industrial markets. The acquisitions were funded with working capital and borrowings under the Company’s credit facilities.