Real estate investment trust buys 14th St. Louis industrial property

Real estate investment trust buys 14th St. Louis industrial property
June 13, 2022 Matt Fernandes
A publicly traded industrial real estate trust with a growing presence in St. Louis has purchased an industrial building in St. Louis County for $8.5 million.

This article originally ran in the St. Louis Business Journal on June 10, 2022. 


A publicly traded industrial real estate trust with a growing presence in St. Louis has purchased an industrial building in St. Louis County for $8.5 million.

Plymouth Industrial Real Estate Investment Trust (NYSE:PLYM), based in Boston, purchased 1901-1939 Belt Way Drive in Overland this spring, according to regulatory filings. The multi-tenant industrial building, with 76,485 square feet, is 75% leased, according to the filings.

The building last traded in 2005, when it sold for $6.9 million, according to county records.

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