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Summit Industrial Income REIT Acquiring One Million Square Feet

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Summit Industrial Income REIT has waived conditions to purchase four industrial buildings totaling more than one million square feet in Canada. The company has agreed to purchase a 116,818-square-foot light industrial property located at 2616 Sheridan Garden Dr. in Oakville, Ontario for $15.3 million, expected to close by August 15, 2017. The industrial building was built in 2002, with an expansion completed in 2010. The warehouse is currently...

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