Jacksonville market and is fully leased to a strong corporate tenant,” said Andy Hyltin, president of Global Income Trust. “We are excited to expand upon our industrial investment theme with this acquisition.”
The Class A industrial building, located on Yeager Road in the 1,500-acre Imeson International Industrial Park, serves as the primary North American distribution center for Samsonite. It is located 1.2 miles from Interstate 95 and has direct access to the Jacksonville Port Authority and Jacksonville International Airport, making it an ideal location for supply chain logistics operations.
Jacksonville is Florida’s most populous city and the 40th largest metropolitan statistical area in the United States. CNL Financial Group.
About Global Income Trust
Global Income Trust, a non-traded real estate investment trust, is designed to create a global portfolio that offers investors access to attractive income-oriented properties around the world. For more information, visit http://www.IncomeTrust.com.
About CNL Financial Group
CNL Financial Group (CNL) is a leading private investment management firm providing global real estate and alternative investments. Since inception in 1973, CNL and/or its affiliates have formed or acquired companies with more than $26 billion in assets...For more information, visit http://www.cnl.com.
Statement Regarding Forward Looking Information
The information above contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements generally are characterized by the use of terms such as “may,” “will,” “should,” “plan,” “anticipate,” “estimate,” “intend,” “predict,” “believe” and “expect” or the negative of these terms or other comparable terminology. Although we believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, our actual results could differ materially from those set forth in the forward-looking statements, including but not limited to, the factors detailed in our prospectus dated April 27, 2012, our Annual Report on Form 10-K for the year ended December 31, 2011, and other documents filed from time to time with the U.S. Given these uncertainties, we caution you not to place undue reliance on such statements. We undertake no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect future events or circumstances or to reflect the occurrence of unanticipated events.
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