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Global Net Lease details post-Q2 transactions

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Global Net Lease details post-Q2 transactions

Global Net Lease agreed to buy a single-tenant office building in Texas for $54.0 million and a FedEx distribution facility in Greenville, N.C., for $11.0 million, the net-lease-focused real estate investment trust said in its earnings release.

The acquisitions are expected to close in mid-August and by the end of third quarter, respectively.

In other moves since the end of the second quarter, the REIT paid $21.4 million for a 669,000-square-foot, Rubbermaid Inc.-leased distribution facility in Akron, Ohio.