Plymouth Industrial REIT Inks Lease at Key St. Louis Building

Core Points - Plymouth Industrial REIT, Inc. has executed a two-year lease for its 769,500-square-foot Class A industrial building in the Metro East submarket of St. Louis, starting January 15, 2025 [1] - The lease covers 600,000 square feet in the first year and 450,000 square feet in the second year with a major international manufacturing, engineering, and logistics service provider [1] - The new lease rate is higher than recent market signings, indicating the superior quality of the asset [2] - The new lease compares favorably to the expiring rent on a net effective per square foot basis, with no free rent or tenant improvements provided [2] Company Overview - Plymouth Industrial REIT, Inc. is a full-service, vertically integrated real estate investment company focused on the acquisition, ownership, and management of single and multi-tenant industrial properties [3] - The company's mission is to provide tenants with cost-effective space that is functional, flexible, and safe [3]