Realterm has expanded its transportation logistics real estate platform in Europe with the acquisition of Rue de Luxembourg (77), a 6,620-square-meter (71,257-square-foot), cross-dock industrial facility located on a 26,070-square-meter (280,615-square-foot) site in Lieusaint, France.
The high-flow-through property has 80 loading positions and is only 32 kilometers (20 miles) from the center of Paris.
Realterm plans to modernize and significantly upgrade the facility and repair the facade. Planned improvements include the installation of new single doors and levelers as well as sustainability features such as LED lighting and EV charging. The property also includes a stand-alone additional 5,360-square-meter (57,695-square-foot) site for parking.
“The French logistics market has seen incredibly low vacancy rates, particularly in Lieusaint, which is driving up rents,” said Balazs Lados, a managing director and fund manager at Realterm. “Lieusaint is one of
