East Group focuses on industrial properties in major Sun Belt markets throughout the United States, with an emphasis on Florida, Texas, Arizona, California and North Carolina. The company’s growth strategy is based on ownership of distribution facilities, generally clustered near major transportation features in supply-constrained submarkets. Demand for smaller, infill sites is also coming from companies such as mattress and furniture retailers that are seeking to get goods to customers faster. Mattress Firm Inc. is one of EastGroup’s top five tenants, Loeb noted.
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