Key Highlights:

• GID acquires Seattle Distribution Center and Atlanta properties.

• Seattle Distribution Center: 174,341 sq ft, 69% leased, prime location.

• Atlanta portfolio: 169,215 sq ft, 97% leased, strategic submarkets.

Source (PR Newswire)

Notable Quotes

Our Take:

GID's acquisition of the Seattle Distribution Center and the properties in Atlanta marks a significant expansion of their industrial portfolio. The Seattle Distribution Center, with its strategic location and substantial size, offers excellent connectivity to major transportation hubs and is poised to attract a diverse range of tenants. Similarly, the Atlanta portfolio, located in key industrial submarkets and boasting high occupancy rates, reflects GID's strategic approach to investing in properties with strong leasing fundamentals. This move underscores GID's commitment to expanding its industrial footprint and enhancing its portfolio's value through strategic acquisitions.