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Cabot Properties Sells Industrial Portfolio for $1.5B

Liberty Property Trust acquired the operating partnership of Cabot Industrial Value Fund III for a purchase price of $1.48 billion.

The transaction allowed for Liberty to increase its industrial platform by approximately 23 million square feet and add 177 properties in 24 new and existing markets to its portfolio. Of the company’s total portfolio purchase, 58 percent of the properties were in existing Liberty markets, including Chicago, South Florida…

via Inland Empire Commercial Real Estate News From CoStar Group$15B/153230?ref=/News/Article/Cabot-Properties-Sells-Industrial-Portfolio-for-$15B/153230&src=rss

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