New York State Common Retirement Fund (NYSCRF) has acquired a $85.4m (鈧�78.3m) US industrial property from MRP Industrial.
The City Logistics industrial property in Baltimore was acquired by NYSCRF through its separate account real estate programme. , the transaction manager for, did not respond to a request for comment.
MRP Industrial developed the two-building complex, completed in 2023 with financial backing from JP Morgan, according to published reports.
NYSCRF said: 鈥淭he asset is a modern logistics property that is well located within a strong infill industrial market with near immediate access to I-95, a major freeway in the region.鈥�
The property鈥檚 current occupancy is at 73%, the pension fund added.
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