ASB Real Estate Investments has acquired a 368,664-square-foot warehouse property in the East Side submarket for $26.3 million.
The seller was TriGate Capital.
“This acquisition fits ASB’s strategy to solidify our industrial portfolio with well-leased cash-flowing assets in dynamic, growing industrial submarkets across the United States,” said Nicolas Franzetti, ASB senior vice president. “The East Side is experiencing strong tenant demand from last mile logistics companies, driving down vacancy and increasing rents while at the same time drawing a high level of institutional investment interest. We like the growth prospects of this rapidly expanding metropolitan area.”
Located at 8800 East Adamo Drive, directly off highly trafficked Route 60, th
