Biynah Joint Venture Acquires Plymouth Industrial Park

Biynah and MLG Capital formed a joint venture to acquire Plymouth Industrial Park in Plymouth, Minnesota from and institutional investor in July 2016. The class B, multi-tenant property is well-located in first tier suburb at the intersections of Hwy 55 and Hwy 494, and is highly functional for lighter industrial tenants. The property was purchased at a discount to replacement cost and generates a high current yield. The joint venture anticipates holding the asset indefinitely.

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