Plymouth Industrial REIT Announces Leasing and Acquisition Activity for Second Quarter 2021
Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced its leasing and acquisition activity for wholly owned properties for the second quarter ended March 31, 2021.
- Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced its leasing and acquisition activity for wholly owned properties for the second quarter ended March 31, 2021.
- Leases commencing during the second quarter of 2021 totaled an aggregate of 1,605,000 square feet, of which 1,525,000 square feet is associated with leases with terms of at least six months.
- As of June 30, 2021, leases for space totaling 4,718,000 square feet are projected to be subject to renewal in 2021.
- During the second quarter of 2021, Plymouth closed on the acquisition of two industrial buildings totaling approximately 230,000 square feet for a total of $14.1 million, a weighted average price of $62 per square foot, and a weighted average initial yield of 7.2%.