GLP $4.55 billion acquisition of IIT portfolio

Overview:

• Global Logistic Properties (GLP), a logistics facilities provider, has acquired a logistics portfolio from Industrial Income Trust (IIT), an industrial real estate investment trust. 
• The transaction is valued at $4.55 billion. 
• The acquisition allowed GLP to have a footprint of 173 million square feet in the United States.

Rani Mehta - Journalist 

Lauren Bellerjeau advised IIT at the time of the transaction, but now works at Morrison & Foerster.