A Black Creek Industrial REIT IV Inc. unit agreed to acquire a roughly 382,000-square-foot industrial building in the Central Valley market in California for about $45.8 million.
Pescadero Land Holdings LLC will sell the fully occupied Pescadero Distribution Center on a 19.5-acre land parcel in a deal expected to close during the second quarter.
Black Creek will use proceeds from its public offering and borrowings from its corporate line of credit to finance the purchase.
