Sixth Street to acquire a 65% stake in Chicago Industrial Portfolio from Plymouth Industrial for $250m.

Sixth Street, a global investment firm, agreed to acquire a 65% stake in Chicago Industrial Portfolio from Plymouth Industrial, a real estate investment trust, for $250m. “Plymouth is an impressive full service real estate company with a proven track record of success investing in and operating properties in primary and secondary industrial markets. With limited supply in the sub-250k-square-foot building segment, the Company’s portfolio continues to benefit from low vacancy and strong rent growth. By making this strategic investment, we believe we will open the door to further opportunities for growth and partnership within the industrial real estate sector as it continues to benefit from strong underlying secular trends. We look forward to working closely with the Plymouth team to accelerate their growth plans,” Marcos Alvarado, Sixth Street Partner.