Investcorp Grows U.S. Industrial Presence with $640M Deal
Bahrain-based Investcorp has acquired 64 industrial properties totaling approximately 5.6 million square feet across seven major US markets for an all-in value of US$640 million. The 95% leased properties grow Investcorp’s U.S. industrial real estate holdings to approximately US$3.5 billion across approximately 32 million square feet.
The properties are primarily located in the top major industrial markets by size including Chicago, Dallas, the New York metro area, Atlanta, Houston, Philadelphia and St. Louis. All have exposure to dense population centers with robust transportation infrastructure, proximity to Interstate highways and large, diverse economies.
“The industrial and logistics sector has continued to benefit from strong tailwinds, mainly driven by an increase in e-commerce, that were heightened by the pandemic,” said Herb Myers, Investcorp’s co-head of real estate North America. “With this trend expected to continue throughout 2022, we’re eager to expand our portfolio and capitalize on the current drivers of industrial growth.”
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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