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Brookfield To Boost Industrial Property Holdings with $1.1 Billion IDI Buy

Brookfield Property Partners (NYSE:BPY) has reached an agreement to buy Atlanta-based Industrial Developments International Inc. (IDI) for $1.1 billion.

IDI owns 75 industrial distribution facilities totalling 27 million square feet located in 12 states. The deal also includes IDI’s third party property management business and development sites it controls that can support 49 million square feet of future warehouse distribution projects.

Acquiring…

via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/Brookfield-To-Boost-Industrial-Property-Holdings-with-$11-Billion-IDI-Buy/151090?ref=/News/Article/Brookfield-To-Boost-Industrial-Property-Holdings-with-$11-Billion-IDI-Buy/151090&src=rss