Mississippi

EastGroup REIT Buys Three Dallas Buildings for $6.6m 

Mississippi-based real estate investment trust (REIT), EastGroup Properties [stock EGP][/stock] closed a large business distribution deal this week with the acquisition of three Dallas buildings. The buildings, located along the Stemmons Freeway, contain 227,000 square feet and went for $6,675m. The first order of business for EastGroup is to change the names of the building, which are 87% occupied by six clients, to Interstate Distribution Center V, VI and VII.