News about Mapletree Industrial Trust —
Mapletree Industrial Trust to sell Minnesota data centre property for US$9.8 million
Mapletree Industrial Trust (MIT) is set to sell a data centre property in the US for about US$9.8 million in cash after current tenant DataBank Properties gave notice of its intention to exercise an option to purchase the building....read more on The Business Times
The single-storey facility is located at 3255 Neil Armstrong Boulevard, Eagan, Minnesota. Its lease agreement, dated Mar 18, 2014, included an option for the tenant to purchase the property, said MIT’s manager on Tuesday (Sep 29).