Shidler Acquires 88 Freight Properties

The Shidler Group has acquired 88 freight consolidation and distribution properties from IU International for $37 million. They are located in 31 states from coast to coast and comprise more than 1.1 million square feet of leasable space in buildings and more than 430 acres.

Rob Holman, managing partner of the Corporate Real Estate Acquisitions area of the Shidler Group, said major financing was provided by Home Federal Savings & Loan Assn. of San Diego and Citicorp Real Estate Inc. of Los Angeles.