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Chicago & Midwest  + Midwest  + Industrial  | 

Lineage Logistics Will Fuel Expansion with $1.6B in Equity

Lineage Logistics, LLC, the temperature-controlled industrial and logistics REIT headquartered in Novi, MI, said Wednesday it had raised $1.6 billion in equity from new and existing strategic partners. Participating investors include Oxford Properties Group, BentallGreenOak, D1 Capital Partners, Cohen & Steers, OPTrust, CenterSquare Investment Management and investment funds managed by Morgan Stanley Tactical Value.

Lineage president and CEO Greg Lehmkuhl said the investment was “validation of our business model, our innovative strategy and our plans to continue expanding our footprint as the world’s largest temperature-controlled warehousing and logistics company.”

During 2020, Lineage has announced 16 acquisitions and executed on 15 new expansions and greenfield facilities. The company is also continuing to develop fully automated warehouses that it says will reduce environmental intensity.

Morgan Stanley and Eastdil Secured acted as placement agents, and Latham & Watkins, LLP served as legal counsel for Lineage.

For comments, questions or concerns, please contact Paul Bubny

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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 16-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 7-10 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).

  • ◦Financing