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Black Creek Industrial REIT IV unit to acquire 2 Fla. buildings for $46M

A Black Creek Industrial REIT IV Inc. unit agreed to purchase two industrial buildings encompassing roughly 441,000 square feet on about 25.25 acres in the Orlando market in Florida for about $45.7 million.

The company intends to use proceeds from its public offering and borrowings from its corporate line of credit to finance the acquisition, which is expected to close in the second quarter.

The seller of the 95.9%-occupied Park 429 logistics center is BPG OCOEE 1 LLC.