Becknell Industrial announced that with its recent acquisitions and development starts, the Company now owns interests in 101 properties totaling more than 10 million square feet.
In December 2011, Becknell renewed and expanded a long-standing relationship with a major institutional investor and initiated an expansion plan. Since that time, the Company’s portfolio has grown more than 40% through the acquisition of 1.8 million square feet and build-to-suit developments totaling 1.3 million square feet.
“We are particularly pleased with the tremendous amount of growth and success Becknell has achieved in only 22 months since initiating our expansion plan. We look forward to continuing to grow our business through strategic acquisitions and build-to-suit developments across the US,” said Dan Harrington, Chief Executive Officer and President.
Becknell’s most recent development starts are both 100% pre-leased and include a 100,300 square foot distribution facility in Tatamy, Pennsylvania and a 730,000 square foot warehouse in Champaign, Illinois.