In three separate deals, Raith Capital Partners has closed the nearly $140 million sale of 12 industrial assets totaling approximately 3 million square feet in the Midwestern communities of Cleveland, Ohio, and Fort Wayne and Bloomington, Indiana.
Plymouth Industrial REIT, STAG Industrial, Inc. and Legacy Investing, LLC each purchased assets separately.
Plymouth Industrial REIT purchased the 10-building portfolio totaling 2.1 million square feet in the greater Cleveland area. The 90-percent-leased portfolio consists of 3400, 3111, 3081, 3325, 3375 and 3425 Gilchrist Rd. in Mogadore; 4122 Shuffel Street NW and 2100 and 2210 International Pkwy. in Canton; and 1366 Commerce Dr. in Stow. The properties are positioned proximate to Interstates 77 and 76, providing excellent regional access, and most of the properties are within one of the densest industrial markets in the United States.
STAG Industrial, Inc. acquired a single-tenant, 764,177-square-foot, Class A bulk
