LOGOS acquires newly built logistics facility in Yeoju, Korea
LOGOS has acquired a newly built logistics facility in Yeoju, Korea. The financial details were not disclosed.
This is LOGOS’ second asset in Korea.
LOGOS has secured a lease for a substantial portion of the 42,500-square-meter (457,466-square-foot) facility with one of the largest 3PL companies in Korea.
The LOGOS Yeoju Logistics Center is within one of Korea’s core logistics markets on National Route 3, providing accessibility to Seoul and the surrounding Seoul Capital Area. The property is a fully dry facility, with four warehousing floors and additional mezzanine office space.
“We are excited to be announcing the acquisition of the LOGOS Yeoju Logistics Center,” said Sung Park, LOGOS’ head of Korea. “We continue to see strong demand from our regional and domestic tenant relationships for quality, well-located facilities in the Korea logistics market, and our lease is a testament to the strength of this asset.
“We see the current m