Secure Properties acquires 123,000-square-foot last-mile logistics facility in Tallahassee, Florida

Secure Properties has announced its acquisition of a 123,000-square-foot last-mile logistics facility in Tallahassee, Florida. This transaction is particularly notable as it represents Secure Properties' inaugural Delaware statutory trust (DST) acquisition, signaling a new strategic direction for the firm in its investment vehicles. The deal underscores the continued robust investor interest in the industrial sector, specifically assets that are integral to modern supply chain operations. The acquisition of a last-mile facility highlights a strategic focus on properties critical for efficient e-commerce fulfillment and rapid delivery to consumers. While the deal value was not disclosed, the investment in a strategically located industrial asset in a regional market like Tallahassee reflects confidence in the underlying demand drivers for logistics infrastructure. This move positions Secure Properties to capitalize on the ongoing growth in the industrial real estate market through a new investment structure.