Arcapita Acquires Cleveland Industrial Portfolio

Arcapita acquired a seven-property industrial real estate portfolio in Cleveland from an affiliate of Minneapolis-based Biynah Industrial Partners LLC for an undisclosed amount. The portfolio comprises 655,000 square feet of high-quality industrial assets within the metropolitan area, and is occupied by a diverse range of creditworthy tenants operating in the logistics, technology, and assembly space.

The Bahraini alternative investments firm partnered with Ohio-based Weston, which will maintain a joint-venture investment in the portfolio, and will serve as the leasing and managing agent.

The assets include: 5575 and 5565 Venture Dr. in Parma, 12875 Corporate Dr. in Parma, 26400 Broadway Ave. and 2 Thermo Fisher Way in Oakwood and 2477 and 2479 Edison Blvd. in Twinsburg.

The acquisition is part of Arcapita’s broader U.S. industrial real estate strategy, and is its first in the Cleveland market.

JLL and Cushman & Wakefield/Cresco Real Estate marketed the buildings.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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Arcapita Acquires Cleveland Industrial Portfolio

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