Plymouth Industrial REIT Executes Value-Add Initiatives in Recently Acquired Memphis Logistics Portfolio
Plymouth Industrial REIT, Inc. (PLYM)
NASDAQ:AMEX Investor Relations:
ir.plymouthreit.com
Company Research
Source: GlobeNewswire
BOSTON, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) announced the sale of a 33,688-square-foot flex building in Memphis, TN to an end user at a price of $2.4 million. The building was part of a portfolio Plymouth acquired in July 2024 for $100.5 million. At the time of acquisition, Plymouth targeted this building for divesture as it represented a non-core asset leased on a short-term basis to a tenant known to be vacating at its scheduled lease expiration in December 2024. The sale proceeds will be retained within the portfolio to fund leasing activities and the ongoing conversion of a 100,000-square-foot call center building back to its original warehouse format to accommodate multiple industrial users. Jeff Witherell, Chief Executive Officer and Co-Founder of Plymouth, noted, “This is another example of how we successfully execute on value-add initiatives across the portfolio to create a better fit for the markets we operate in and to drive grow
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News
- Plymouth Industrial REIT: M&A Saga Nears Its End [Seeking Alpha]Seeking Alpha
- A Look at Plymouth Industrial REIT (PLYM): Is Recent Momentum Reflected in Its Valuation? [Yahoo! Finance]Yahoo! Finance
- Greenberg Traurig Advises Makarora on $2.1B Definitive Merger Agreement with Plymouth Industrial REITPR Web
- Halper Sadeh LLC Encourages PLYM, DAY, HSII Shareholders to Contact the Firm to Discuss Their RightsGlobeNewswire
- Plymouth Industrial Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Plymouth Industrial REIT, Inc. - PLYMBusiness Wire
PLYM
Earnings
- 11/10/25 - Miss
PLYM
Sec Filings
- 12/22/25 - Form 4
- 12/22/25 - Form 4
- 12/22/25 - Form 4
- PLYM's page on the SEC website