Chicago & Midwest + Greater Chicagoland + Industrial | May 16, 2022

Avison Young’s Foster and Wilson Broker Sale of Multi-State Industrial Portfolio

Avison Young has negotiated the sale of a national logistics portfolio across several states in the Midwest, South and Northeast totaling 21 assets and 704,270 square feet. Terms of the sale weren’t disclosed.

The firm’s Chicago-based Erik Foster and Mike Wilson, leaders of Avison Young’s national industrial capital markets team, negotiated the sale on behalf of institutional investors advised by J.P. Morgan Global Alternatives and Realterm. The buyer was Biynah Partners.

“This national portfolio has sustainable NOI with key locations,” said Foster.

Wilson added, “The properties operate as a supply chain management tool for companies which is key to the ever-expanding world of e-commerce.”

The portfolio includes assets in several key logistics real estate markets including Atlanta, Chicago, Memphis, Columbus, Long Island and Philadelphia.

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Avison Young's FosterAvison Young's Wilson

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).