Lake Como-based real estate investment trust Four Springs Capital Trust has purchased an industrial facility near Oklahoma City that is leased to Amazon, it announced this week.
The REIT said in a news release that it bought the 312,000-square-foot “last mile” distribution facility that is net-leased on a long-term basis to Amazon Services LLC, part of Amazon.
The property is located in an industrial submarket of the city, and was bought from real estate firm Crown Enterprises in a deal brokered by Cushman & Wakefield.
“Last-mile logistics trends—referring to the final step of the delivery process from a distribution center or facility to the end user—have further increased demand for industrial real estate as companies seek to provide same- or next-day delivery to consumers,” William Dioguardi, Four Springs’ CEO, said in a prepared statement.
“This is an institutional-quality property in a great market, leased on a long-term basis to a tenant with the leading e-commerce market position.”
