Pure Industrial Real Estate Trust Announces Successful Sale of Two Industrial Properties For $6.2 Million

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VANCOUVER, July 31, 2014 /CNW/ - Pure Industrial Real Estate Trust ("PIRET") (TSX: AAR.UN) today announced the successful sale of 8461 and 8481 Keele Street in Vaughan Ontario for $6.2 million. 

8461 and 8481 Keele Street are multi-tenant industrial buildings that were constructed in 1973 with a total rentable area of 54,492 SF and a clear height of 12 feet. The building was purchased as a part of a larger portfolio deal in June 2011 for $5.01 million.  

The sale of this asset reflects PIRET's commitment to creating value for its unitholders through selective disposition of non-core assets.

About Pure Industrial Real Estate Trust 

PIRET is an unincorporated, open-ended investment trust that owns and operates a diversified portfolio of income-producing industrial properties in leading markets. PIRET is an internally managed REIT that focuses exclusively on investing in industrial properties.

Additional information about PIRET is available at www.piret.ca or www.sedar.com.

TSX – AAR.UN

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SOURCE Pure Industrial Real Estate Trust (PIRET)