Plymouth Industrial REIT Adds to its Presence in Cincinnati with Acquisition of Small Bay Industrial Portfolio for $20.1 Million
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Plymouth Industrial REIT has expanded its presence in Cincinnati by acquiring a small bay industrial portfolio for $20.1 million. A second tranche of this portfolio is expected to close in the first quarter of 2025 for $17.9 million.
December 20, 2024 | 12:15 pm
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Plymouth Industrial REIT has acquired a small bay industrial portfolio in Cincinnati for $20.1 million, with a second tranche closing in 2025 for $17.9 million.
The acquisition increases Plymouth Industrial REIT's asset base and presence in Cincinnati, which could positively impact its stock price. The planned second tranche indicates continued growth and investment.
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