JLL Income Property Trust Acquires Minneapolis Distribution Center
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JLL Income Property Trust, a REIT listed on NASDAQ, has acquired the Minneapolis Distribution Center for $66.5 million. The center is a Class A industrial business park in Maple Grove, MN, fully occupied by various tenants.
December 11, 2024 | 7:15 pm
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JLL Income Property Trust has expanded its portfolio by acquiring the Minneapolis Distribution Center for $66.5 million. This acquisition adds a fully occupied Class A industrial business park to its assets.
The acquisition of a fully occupied Class A industrial park is likely to positively impact JLL Income Property Trust's portfolio value and income potential, leading to a positive short-term impact on its stock price.
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IMPORTANCE 80
RELEVANCE 90