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Florida & Gulf Coast  + Industrial  |  October 30, 2020
David Cohen
By: David Cohen

Nuveen Global Investments Acquires 3.5M-SF Industrial Portfolio for $272M

Nuveen Global Investments has acquired a 3.5 million-square-foot industrial portfolio in Florida, Georgia and North Carolina for $272 million. The sale marks the largest industrial portfolio sale in the Southeast in 2020.

The portfolio consists of six Class A speculative industrial assets. Four assets are in Florida with one in Georgia and one in North Carolina. The properties include Country Line Logistics Center in Plant City, FL; Park 27 in Davenport, FL; 27 Logistics Park in Davenport, FL; I-4 Commerce Center in Lake Mary, FL; 985 Lanier Logistics in Buford, GA and Airport South in Charlotte, N.C.

Chris Riley, Frank Fallon and Trey Embrey of CBRE represented the sellers, McCraney Property Company and Northwestern Mutual, in the transaction.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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