Mr. Andrew Greig reports
PURE INDUSTRIAL REAL ESTATE TRUST ANNOUNCES SUCCESSFUL SALE OF TWO INDUSTRIAL PROPERTIES FOR $6.2 MILLION
Pure Industrial Real Estate Trust has sold 8461 and 8481 Keele St. in Vaughan, Ont., for $6.2-million. The two properties are industrial buildings that were constructed in 1973 with a total rentable area of 54,492 square feet and a clear height of 12 feet. The buildings were purchased as a part of a larger portfolio deal in June, 2011, for $5.01-million. The sale of this asset reflects Pure Industrial's commitment to creating value for its unitholders through selective disposition of non-core assets.
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