Jll income property trust sells san francisco bay area industrial portfolio

Timely opportunity to redeploy capital at start of new market cycle chicago , oct. 29, 2024 /prnewswire/ -- jll income property trust, an institutionally-managed daily nav reit (nasdaq: ziptax; ziptmx; zipiax; zipimx) with approximately $6.6 billion in portfolio equity and debt investments, announced the sale of pinole point, a three property industrial park in richmond, california, in keeping with its long-term strategy of recycling capital at opportunistic points across real estate market cycles. pinole point distribution center, acquired newly built by jll income property trust in 2016, is comprised of three warehouses totaling 518,000 square feet and provides tenants access to critical transportation infrastructure including major interstate highways, the port of oakland, oakland international airport, and the densely populated san francisco bay area where modern warehouse facilities have historically been in short supply.
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