Boston REIT buys two Metro East warehouses for $75 million

Boston REIT buys two Metro East warehouses for $75 million
November 12, 2021 Jared Haynes
Geodis Logistics Gateway East warehouse 349 Gateway Commerce Center industrial St. Louis

This article originally ran in the St. Louis Business Journal on November 11, 2021.

A Boston industrial real estate investment firm has purchased two more industrial warehouses in the St. Louis region for $75.1 million.

Plymouth Industrial REIT (NYSE: PLYM) bought 1.1 million square feet of industrial space in the Gateway Commerce Center in the Metro East in October, said real estate firm Cushman & Wakefield, which represented the Dallas-based seller, real estate investment adviser L&B Realty Advisors. Plymouth currently owns and manages 183 buildings with over 30 million square feet in 12 markets across the country, according to its website.

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