Industrial Property Trust Inc., a publicly registered non-traded real estate investment trust sponsored by Industrial Property Advisors Group LLC, signed an agreement to purchase the National Distribution Portfolio, comprised of seven industrial buildings totaling approximately 2.6 million square for $114.5 million, exclusive of closing costs. The sellers are unaffiliated with the company, and include AP Zephyr Street LLC, AP Commerce Parkway LLC, AP Polk Lane LLC, AP Quality Drive LLC, AP Quest Way LLC, AP MIAC Cove LLC and AP Pleasant Hill LLC.
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