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TH Real Estate Raises $330M for U.S. Industrial Fund
New York-based TH Real Estate, an affiliate of Nuveen, TIAA’s investment management arm, closed the TH Real Estate U.S. Strategic Industrial Fund I LP with a total capital raise exceeding $330 million. Including leverage, the equity commitments will allow the Fund to target a portfolio of roughly $1 billion.
The Fund seeks to selectively acquire and develop bulk and light industrial assets in major U.S. industrial markets, including last mile locations that serve as a cornerstone of e-commerce supply chains.
Four U.S. properties have been acquired so far, including:
– 301 Business Center, a Class A industrial development project totaling 863,600 square feet in Tampa
– Empire Business Park, (pictured) two multi-tenant business parks totaling 212,626 square feet in Southern California’s Inland Empire
– Serrano Business Park, a Class A industrial development consisting of three facilities totaling 327,080 square feet in Southern California’s Inland Empire
– 8575 Volta Dr., a Class A industrial warehouse totaling 168,425 square feet in Houston
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
