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Heitman has acquired an industrial property in Norfolk, Va. The property consists of a warehouse building and spans more than 300,000 square feet. The asset has 36 loading positions, 32-foot clear heights, ESFR sprinklers, 149 car parking spaces and 75 trailer parking spots.

This transaction, undertaken on behalf of Heitman’s global core-plus strategy, represents its first industrial acquisition in the United States and demonstrates the strategy’s continued focus on high-demand logistics and distribution hubs across the globe.