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.Read More