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Investcorp Claims 7-Market, 4.5M-SF Industrial Portfolio for $300M

New York-based Investcorp acquired its largest U.S. warehouse portfolio, totaling roughly 4.5 million square feet, for a total purchase price of approximately $300 million. The 56 industrial properties are spread across seven metropolitan markets.

The 90%-leased portfolio includes Class A and B warehouse, light manufacturing and flex buildings, across the e-commerce, manufacturing, design, wholesaling and food services industries. The portfolio was purchased as a single investment, with more than 60% of the properties located in Tier 1 industrial markets.

The properties include:

  • Nine multi-tenant Class A and B warehouses in Minneapolis
  • Sixteen multi-tenant Class B industrial warehouse/flex buildings in Dallas
  • Fourteen single and multi-tenant Class B industrial warehouse/manufacturing buildings in Chicago
  • Nine multi-tenant Class A and Class B industrial warehouse and flex buildings in Philadelphia / Delaware
  • Five multi-tenant Class A and Class B industrial warehouse/manufacturing buildings in Phoenix
  • Two multi-tenant Class B industrial warehouse buildings in Houston
  • One multi-tenant Class B industrial warehouse building in San Antonio

The acquisition represents Investcorp’s ninth industrial portfolio, all of which were acquired over the past 36 months, and brings its U.S. industrial asset holdings to 14 million square feet.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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