Real Estate

Plymouth Buys Ohio Industrial Portfolio For $94M

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The real estate investment trust purchased 10 Class B properties in Akron and Canton. : Plymouth Industrial REIT has acquired a Class B industrial portfolio in Akron and Canton, Ohio, totaling 2.1 million square feet. According to the buyer, the $94 million acquisition is projected to provide an annual current yield of approximately 7.5 percent. The portfolio consists of 10 buildings that are 98.7 percent leased. The assets host a total of 16 tenants from several industries including transportation, logistics, healthcare, manufacturing and food and beverage.

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