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Logistics Property Co. developed Butterfield Distribution Center in Aurora, IL

Logistics Property Co. Closes Second Fund at $1.8B

Chicago-based Logistics Property Company (LPC) closed its second develop-to-core fund, LPC Logistics Venture Two LP, with total equity commitments of $1.8 billion from several global institutional investors and co-investment by LPC. To date, 35% of the fund has been allocated to investments nationally. 

The successful capital raise for Venture II “speaks to the opportunistic industrial real estate market and the strong develop-to-core strategy offering investors the ability to own Class A industrial facilities in tier one locations at an attractive basis,” said LPC CEO Jim Martell. 

Venture II’s execution strategy is to buy well-located property in key U.S. markets, develop Class A industrial buildings to modern specifications, stabilize the assets and hold to assemble a geographically diverse portfolio. 

MAM Real Estate, part of Macquarie Group and LPC’s majority shareholder, acted as the fund’s exclusive financial advisor and placement agent and partnered with the LPC management team in forming the platform. 

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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 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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