Plymouth Industrial REIT sold its 306,552-square-foot industrial building at 6510 West 73rd Street in Chicago for $19.9M to an undisclosed owner-user. Plymouth’s net proceeds after the payoff of a $5.8M mortgage secured by the property and other adjustments are $13.9M. The Company intends to use the proceeds to pay down outstanding borrowings on its credit facility and fund its development program.
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