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Article: Prime Group Realty Trust Announces 604,000 Square Feet of Industrial Leases And 250,000 Square Foot New Build to Suit.
- Article from:
- PR Newswire
- Article date:
- January 28, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Jan. 27 /PRNewswire/ -- Prime Group Realty Trust (NYSE: PGE) (the "Company") announced today the signing of 604,000 square feet of industrial leases and plans to construct a 250,000 build-to-suit warehouse distribution facility. This announcement includes new leases of approximately 486,000 square feet and renewal leases of 118,000 square feet. These transactions increase the overall occupancy level of the Company's 6.1 million square foot industrial portfolio from 88.8 percent at the end of the third quarter of 1998 to 90.5 percent.
Commenting on the leases, Richard S. Curto, President and Chief Executive Officer stated, "These leases represent the ...
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