Plymouth Industrial Secures Lease in St. Louis, Sees Rent Growth

Plymouth Industrial REIT, Inc. (PLYM) has executed a two-year lease agreement at its 769,500-square-feet Class A industrial building in St. Louis with a major international manufacturing, engineering and logistics service provider. The lease encompasses 600,000 square feet for the first year and 450,000 in the second year.With the lease being executed at rates higher than recent deals in the market, PLYM’s better negotiating abilities are highlighted. It also reflects the tenant’s confidence in its high-qua ...