BOSTON--(BUSINESS WIRE)--Plymouth Industrial REIT, Inc. (NYSE American: PLYM) today announced that it is commencing an underwritten registered public offering of 4,250,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 637,500 shares of common stock to cover over-allotments, if any. The Company intends to use the net proceeds to repay outstanding indebtedness, including the indebtedness used to repay its outstanding mezzanine loan, and amounts under its revolving credit facility, fund future acquisitions and for general corporate and working capital purposes.

Sandler O’Neill + Partners, L.P. and D.A. Davidson & Co. are acting as joint-book running managers in the offering. BB&T Capital Markets, National Securities Corporation, and American Capital Partners, LLC are serving as co-lead managers in the offering.

About Plymouth

Plymouth Industrial REIT, Inc. is a vertically integrated and self-managed real estate investment trust focused on the acquisition and operation of single and multi-tenant industrial properties located in secondary and select primary markets across the United States. The Company seeks to acquire properties that provide income and growth that enable the Company to leverage its real estate operating expertise to enhance shareholder value through active asset management, prudent property re-positioning and disciplined capital deployment.