O’Donnell Strategic Industrial REIT Acquires “Green” Industrial Recycling Warehouse

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--O’Donnell Strategic Industrial REIT announced today that it has acquired the Business Park Industrial property in Winston-Salem, NC for a purchase price of $4,460,000.

“Our objective is to maximize the value of the property while simultaneously reducing the overall impact to the natural environment.”

The Property is an 84,119 square foot industrial warehouse that is 100% leased to WM Recycle America, LLC (“WMRA”), a wholly owned subsidiary of Waste Management, Inc. (“WM”), through December 31, 2022. WMRA provides recycling, materials brokerage, and container processing services in the US and Canada. WM has an investment grade credit rating (S&P BBB) and handles 8 million tons of waste per year.

“We intend to move forward with LEED certification of this property using materials and processes that are environmentally responsible and resource efficient,” said Douglas O’Donnell, CEO of O’Donnell Strategic Industrial REIT. “Our objective is to maximize the value of the property while simultaneously reducing the overall impact to the natural environment.”

O’Donnell Strategic Industrial REIT intends to acquire income-producing industrial warehouse real estate assets located throughout the United States that are leased to creditworthy tenants. In addition, the Company is focused on acquiring environmentally-friendly or “green” properties that are certified under the Leadership in Energy and Environmental Design (LEED) Green Building Rating System, and intends to work towards LEED certification for any properties that are not LEED certified at the time they are acquired.

Forward-Looking Statements

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