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

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.