Nexus Industrial REIT Announces Sale of Six Old Office Properties, Lease Update and Credit Facility Extension

TORONTO, Sept. 11, 2024 (GLOBE NEWSWIRE) — Nexus Industrial REIT (“Nexus” or the “REIT”) (TSX: NXR.UN) is pleased to announce the sale of its 50% ownership interest in six office buildings in Montreal with a gross leasable area of ​​143,223 square feet (the “Properties”).

“The sale of these old office buildings advances our strategy as a Canada-focused, pure industrial REIT” said Kelly Hanczyk, CEO of Nexus Industrial REIT.