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Plymouth Industrial REIT acquires two Chicago industrial buildings

Plymouth Industrial REIT Inc., a real estate investment trust, has acquired two Class B industrial buildings in Illinois for $15.7 million, REBusinessOnline reported. The identity of the seller remained undisclosed. One building is a 236,736-square-foot property located in Elgin. The asset is occupied by Stamar Packaging. The other property is 100 percent leased to Arrow Up, a provider of containerized bins for the oil fracking industry.

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real estate,commercial real estate,industrial property,commercial real estate sale