Newkirk acquires cold storage warehouse

Newkirk Realty Trust Inc, through its operating partnership, The Newkirk Master Limited Partnership, has purchased a 201,500-square-foot cold storage warehouse facility in an Atlanta GA suburb for $24 million.

This property is currently net leased through Oct 31, 2012, to Atlas Cold Storage, a Canadian-based company that provides temperature-controlled storage, transportation, and third-party logistic and management services to food processors, distributors, and retailers of frozen and chilled foods.

With executive offices in Jericho NY and Boston MA, Newkirk acquires, owns, and manages a portfolio of office, retail, and industrial properties. Newkirk also originates and acquires loans secured by real estate and invests in other real estate-related assets.