EastGroup Properties, Inc. acquired Viva Logistics Center II from IDS Real Estate Group for approximately $140 million.
December 16, 2021
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EastGroup Properties, Inc. (NYSE:EGP) acquired Viva Logistics Center II from IDS Real Estate Group for approximately $140 million on December 17, 2021. Mark Detmer, Ryan Sitov, Ryan Spradling and Taylor Neiman and Makenna Peter of JLL Capital Markets and Andy Irwin and Greg Lewis of JLL Industrial Brokerage marketed the property on behalf of IDS Real Estate Group.
EastGroup Properties, Inc. (NYSE:EGP) completed the acquisition of Viva Logistics Center II from IDS Real Estate Group on December 17, 2021.
EastGroup Properties, Inc. is an internally managed equity real estate investment trust (REIT). The Company is focused on the development, acquisition and operation of industrial properties in Sunbelt markets throughout the United States, primarily in the states of Florida, Texas, Arizona, California and North Carolina. The Company owns approximately 510 industrial properties in 12 states. The Companyâs portfolio includes development projects and value-add properties in lease-up and under construction, including approximately 59.2 million square feet consisting of 470 business distribution properties containing 53.9 million square feet. It also has 17 bulk distribution properties containing 4.4 million square feet, and 23 business service properties containing 900,000 square feet.
EASTGROUP PROPERTIES, INC. 
