BentallGreenOak acquires logistics project near Berlin

BentallGreenOak announced that it has acquired a logistics project comprising approximately 45,500 square meters (489,800 square feet) in a forward deal from a local developer in Fürstenwalde, approximately 30 kilometers (19 miles) outside the city limits of Berlin.

The property with a plot size of approximately 90,000 square meters (969,000 square feet) is located close to the A12 motorway in Fürstenwalde, in the commercial area south of the Spree, and is leased to a service provider of Goodyear Dunlop Germany. The distance to the Tesla plant in Gruenheide is approximately 20 kilometers (12 miles).

The property has state-of-the-art features with a clear height of 12 meters (39 feet), 30 ramps and 730 square meters (7,858 square feet) of office space. Completion is scheduled for second quarter 2023.