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Texas  + Industrial  | 

Crow Holdings, Allianz Real Estate Forge 6M-SF Industrial JV

Dallas-based Crow Holdings has formed a joint venture with Allianz Real Estate through the direct sale of a 49% stake in a 19-asset, 6.1 million-square-foot U.S. industrial portfolio developed by Crow Holdings. Crow Holdings and Allianz Real Estate plan to manage the portfolio to maximize cash flow and long-term.

The 19 properties were constructed beginning in 2014. The portfolio is anchored by Wildlife Commerce Park, an 11-building, 3.8 million-square-foot development in Grand Prairie, TX. The other properties are located in key U.S. markets including Chicago, Dallas, Houston and Southern California.

“We are excited to partner with Allianz Real Estate, a top-tier global investor that shares our confidence in the U.S. industrial real estate sector,” said Crow Holdings CEO Michael Levy. “As a longstanding partner to Crow Holdings, we look forward to continuing to work with them to optimize these assets, which benefit from the major tailwinds of increasing logistics demand.”

Pictured: Wildlife Commerce Park.


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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).

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