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Ivanhoé Cambridge, Oxford Properties JV Takes Stake in IDI Logistics
Ivanhoé Cambridge and Oxford Properties signed a 50-50 joint venture partnership agreement to invest in the recently-acquired Atlanta-based IDI Logistics and all of its assets from a Brookfield-sponsored real estate fund for an undisclosed amount. The initial acquisition by Ivanhoé Cambridge from Brookfield was completed last year.
Oxford Properties’ Kevin Egan says, “This acquisition represents Oxford’s first logistics acquisition in the United States, is complementary to our Canadian industrial portfolio and is consistent with our investment strategy to establish and grow a portfolio of best-in-class logistics assets across the globe.”
IDI Logistics has developed more than 100 business parks and 750 warehouses totaling more than 200 million square feet throughout North America in its 30-year history. The JV will own the operating and development company, a portfolio of 111 quality operating assets encompassing 31 million square feet, 35 development projects covering 16 million square feet, and IDI’s quality landbank of 33 land parcels allowing for an additional build-out potential of 17 million square feet.
For comments, questions or concerns, please contact Dennis Kaiser
*Pictured Park North at Monroe 5, Monroe Ohio
- ◦Sale/Acquisition
