Becknell Industrial announced new acquisitions amounting to US$33.8 million gained with an average cap rate of 8.5%. The company announced made the acquisitions during the first half of 2013. The company said that they stuck to their strategy of utilizing a strong balance sheet for the acquisitions. The additional industrial properties acquired were totaled to nearly 700,000 square feet and all properties were 100 percent leased. The following properties acquired are as follows:

• A 195,000 square foot facility leased to Gannett Company located in Minneapolis, Minnesota. The Gannet Company is a publicly traded media and a marketing solutions company;
• In Jacksonville, Florida, A 240,000 square foot distribution facility that is leased to PenserSC. The facility is located in Jacksonville, Florida. PenserSC is a  century-old provider for logistics solutions.
• A 240,000 square foot distribution facility leased to luggage company, Samsonite, The facility is also located in Jacksonville, Florida

Mark Shapland, Executive Vice President & Chief Operating Officer for Becknell Industrial, said, "2013 is off to a great start as we continue to execute on the acquisition piece of our business plan. With the recent addition of Kelly Martin to strengthen our investment team, we look forward to sustaining this momentum throughout the remainder of the year."