Investcorp Adds 31-Property Industrial Portfolio for $216M
Investcorp, a global investment manager specializing in alternative investments, has acquired 31 industrial properties totaling approximately 1.6 million square feet across five major US markets for an all-in value of $216 million. The properties grow Investcorp’s US industrial real estate holdings to approximately $4.8 billion across 42 million square feet comprised of more than 600 buildings.
The latest acquisition provides Investcorp with infill industrial warehouses that are 94% occupied. The properties in the portfolio are located in geographies with strong demand for infill industrial projects and include Atlanta, Boston, Central New Jersey, Allentown, PA and San Antonio.
“The continued expansion of e-commerce, coupled with the need for diversified supply chains, has created significant opportunities for investment in factories and warehouses across the United States,” said Herb Myers, co-head of real estate North America at Investcorp. “We look forward to continuing our 27-year heritage of investing in US real estate assets with the acquisition of properties in these major industrial markets.”
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).