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Global Net Lease closes on 5 industrial assets for $83M

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Global Net Lease closes on 5 industrial assets for $83M

Global Net Lease completed acquisitions of five industrial assets for $83.0 million.

The five buildings, totaling roughly 1.4 million square feet, are leased to an undisclosed steel service and product supplier with clients across the midwestern U.S. and Canada.

Of the properties, three are in Michigan, one is in Ohio and one is in Indiana.

The assets are part of $293 million of acquisition deals that the diversified real estate investment trust signed earlier in 2018, of which $146.4 million have been closed as of May 17.

The acquisitions were financed through borrowings under the company's revolving credit facility.