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Investcorp Grows U.S. Industrial Presence with $640M Deal
Bahrain-based Investcorp has acquired 64 industrial properties totaling approximately 5.6 million square feet across seven major US markets for an all-in value of US$640 million. The 95% leased properties grow Investcorp’s U.S. industrial real estate holdings to approximately US$3.5 billion across approximately 32 million square feet.
The properties are primarily located in the top major industrial markets by size including Chicago, Dallas, the New York metro area, Atlanta, Houston, Philadelphia and St. Louis. All have exposure to dense population centers with robust transportation infrastructure, proximity to Interstate highways and large, diverse economies.
“The industrial and logistics sector has continued to benefit from strong tailwinds, mainly driven by an increase in e-commerce, that were heightened by the pandemic,” said Herb Myers, Investcorp’s co-head of real estate North America. “With this trend expected to continue throughout 2022, we’re eager to expand our portfolio and capitalize on the current drivers of industrial growth.”
- ◦Sale/Acquisition
