Pure Industrial Real Estate Trust Announces Successful Sale of Two Industrial Properties For $6.2 Million
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VANCOUVER, July 31, 2014 /CNW/ - Pure Industrial Real Estate Trust ("PIRET") (TSX: AAR.UN) today announced the successful sale of 8461 and 8481 Keele Street in Vaughan Ontario for $6.2 million.
8461 and 8481 Keele Street are multi-tenant industrial buildings that were constructed in 1973 with a total rentable area of 54,492 SF and a clear height of 12 feet. The building was purchased as a part of a larger portfolio deal in June 2011 for $5.01 million.
The sale of this asset reflects PIRET's commitment to creating value for its unitholders through selective disposition of non-core assets.
About Pure Industrial Real Estate Trust
PIRET is an unincorporated, open-ended investment trust that owns and operates a diversified portfolio of income-producing industrial properties in leading markets. PIRET is an internally managed REIT that focuses exclusively on investing in industrial properties.
TSX – AAR.UN
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SOURCE Pure Industrial Real Estate Trust (PIRET)For further information: Andrew Greig, Director of Investor Relations, Suite 910, 925 West Georgia Street, Vancouver, BC V6C 3L2, Phone: (604) 398-2836 or (888) 681-5959, E-mail: email@example.com