H&R Real Estate Investment Trust has acquired a portfolio of 12 refrigerated distribution centers with a total of 1.7 million square feet of space in
Oct. 1, 2007
H&R Real Estate Investment Trust has acquired a portfolio of 12 refrigerated distribution centers with a total of 1.7 million square feet of space in six Canadian provinces. The purchase price is estimated at about $215 million. These cold storage facilities will be leased for an average of 19.3 years to Eimskip Atlas Canada Inc, which is part of Iceland-based Eimskipafelag Islands, a major North American refrigerated warehouse company.
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Innovative new cold storage facility with martime and rail capabilities in New Brunswick, Canada, will be the operator’s sixth Canadian location when it opens in 2026.
Josh Schilder will oversee day-to-day warehouse operations at the company’s Columbus II facility after previously serving as operations manager at Gardner.
