Pure Industrial Real Estate Trust Announces Closing Of $ 8.17 million offering of trust units

VANCOUVER, Dec 20, 2007 /PRNewswire-FirstCall via COMTEX/ -- Pure Industrial Real Estate Trust ("PIRET") (TSXV: AAR.UN) today announced the successful closing of its public offering of 2,150,000 trust units ("Units") priced at $3.80 per Unit for total gross proceeds of $8,170,000. The offering was sold by a syndicate of agents led by Dundee Securities Corporation and RBC Dominion Securities Inc., and including Raymond James Ltd., BMO Nesbitt Burns Inc., Blackmont Capital Inc., Bieber Securities Inc., Canaccord Capital Corporation, MGI Securities Inc., and Sora Group Wealth Advisors Inc., and sold to the public pursuant to a short form final prospectus dated December 12th, 2007.

PIRET has also granted the agents an over-allotment option to purchase up to an additional 322,500 Units for gross proceeds of $1,225,500 if exercised in full. This over-allotment option expires 30 days following closing. PIRET intends to use the net proceeds from the offering for property acquisitions and general corporate purposes.

Real Estate Designers offers totally innovative solutions for your software development, Internet programming, real estate web design and hosting needs. Our service includes domain name registration and real estate web design. Real Estate Designers provides the complete solution including design, application development and marketing.

source: foxbusiness.com