The properties will be acquired from third-party vendors, BREIT Industrial HS Property Owner LLC, BREIT Industrial Canyon IL1M03 LLC, BCORE Jupiter NEMW 1 LLC and Icon Pac Owner Pool 4 Northeast/Midwest, LLC.
Ascendas REIT has proposed to acquire a portfolio of seven logistics properties in Chicago for US$99 million ($133.2 million), says the REIT manager on May 10.
All seven properties are located on freehold land with a total net lettable area (NLA) of 132,344 sqm. They are located across six infill industrial submarkets across Chicago, Illinois, in the US.
