JLL Income Property Trust Acquires Richmond Distribution Center
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JLL Income Property Trust, a REIT listed on NASDAQ, has acquired the Richmond Distribution Center in Virginia for $40.7 million. The property is fully occupied by two international tenants, adding to JLL's $6.6 billion portfolio.
March 18, 2025 | 11:30 am
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JLL Income Property Trust has expanded its portfolio with the acquisition of the Richmond Distribution Center for $40.7 million. This acquisition adds a fully occupied Class A industrial building to its assets.
The acquisition of a fully occupied Class A industrial building is a positive development for JLL Income Property Trust, likely to enhance its asset base and revenue potential. This strategic move aligns with its growth objectives, suggesting a positive short-term impact on its stock price.
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