Plymouth Industrial REIT announced its leasing and development activity for the first quarter of 2024. The Company also announced details for its first quarter earnings conference call and webcast to be held on May 2, 2024. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, “We continue to make progress on our 2024 leasing opportunities with a 17.1% increase on a cash basis for the quarter, nearly 56% of our 2024 expirations already addressed and our development program now 93% leased.” Leases commencing during the first quarter ended March 31, 2024 totaled an aggregate of 1,387,977 square feet, all of which are associated with terms of at least six months. The final project in the first phase of Plymouth’s development program, a 52,920-square-foot, fully leased building in Jacksonville, is expected to come online in the third quarter of 2024.
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