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Tuesday, 12 June 2018

PS Business Parks Bought Northern Virginia Industrial Portfolio

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PS Business Parks Inc. bought a 1.1 million-square-foot portfolio of industrial space in northern Virginia for $143.3 million, or about $130.27/sf.

A previous report did not identify the buyer.

The Glendale, Calif., REIT acquired the 19-building portfolio from a venture that includes MRP Realty and institutional investors advised by JPMorgan Asset Management. Transwestern...

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Additional Info

  • Syndicate to Realpoint: No
  • States: Virginia
  • Sector: Industrial
  • Subject: Property Acquisitions (ACQ)
  • Valuation: Between $100 million and $150 million
  • Private: Yes
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