Ivanhoé Cambridge Acquires Evergreen’s 150-Asset, 16M-SF Portfolio

Montreal-based Ivanhoé Cambridge acquired Evergreen Industrial Properties’ portfolio of more than 150 properties, comprising roughly 16 million square feet from TPG Real Estate. Financial terms of the transaction were not disclosed, though the portfolio went on the market last year for $1.1 billion.

The portfolio covered 18 major markets such as Seattle, Denver, and Charlotte, as well as major distribution markets, including Atlanta, Chicago, and Dallas. Evergreen’s facilities offered strategic infill locations to distribution, e-commerce, and light manufacturing customers with a focus on “last mile” distribution.

Ivanhoé Cambridge’s Arthur Lloyd says, “Industrial real estate offers an attractive current return and good diversification for our office portfolio in terms of underlying economic drivers. We believe we have found the right fit with Evergreen.”

TPG Real Estate created Evergreen in 2014 and expanded the portfolio through 11 different acquisitions, encompassing 127 properties.

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Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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Ivanhoé Cambridge Acquires Evergreen’s 150-Asset, 16M-SF Portfolio

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