Boston, MA. International law firm Nixon Peabody LLP is pleased to have represented First Industrial Realty Trust (NYSE: FR) in the more than $100 million sale of a six-building, 1.2 million-square-foot portfolio in Ohio.
The properties—primarily occupied by distributor and manufacturer tenants across various industries—encompass five industrial assets in Glenwillow and one in Twinsburg. This six-building portfolio represented First Industrial’s final asset in Ohio, with the disposition aligned with the company’s long-term capital allocation objectives.
“It was an honor to represent First Industrial on this successful sale and help them with their portfolio management efforts,” said Jim Mayer, a partner in Nixon Peabody’s Affordable Housing & Real Estate practice and deal team leader for First Industrial. “We look forward to future opportunities to partner together and represent First Industrial as they expand their investment in coastal markets with higher rent-growth potential.”