Nuveen Sells 1.6 MSF Industrial Portfolio

Nuveen has sold a 1.6 million-square-foot industrial portfolio to MDH Partners, according to public records. Cushman & Wakefield brokered the deal on behalf of the seller.

The properties are spread across metro Dallas, the Inland Empire, Salt Lake City and Nashville, Tenn. Comprising seven buildings, the portfolio had a lease rate of 97 percent at closing, with the tenant roster comprising national and regional companies.

The assemblage has an average vintage of 20 years and clear heights of 30 feet. The traded assets include:

• Valwood A, B and D, three buildings encompassing 463,240 square feet in Carrollton, Texas
• Chino Distribution Center, a 409,930-square-foot warehouse in Chino, Calif., part of the Inland Empire
• Salt Lake Distribution Center I and II, two facilities spanning 190,000 square feet each in Salt Lake City
• Elam Farms Distribution Center II, a 363,500-square-foot property in Murfreesboro, Tenn.

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Cushman & Wakefield Vice Chairs Jim Carpenter and Adam Pastor led the negotiations on behalf of Nuveen. They received regional support from Executive Managing Director Robby Rieke and Director Emily Brandt, as well as Executive Vice Chairman Jeff Chiate and Executive Director Casey Masters.

Nuveen’s recent sale occurred weeks after the company announced its $13.5 billion acquisition of Schroders. The deal is expected to wrap up in the fourth quarter, creating a company with roughly $2.5 trillion in assets under management.

MDH Partners’ industrial expansion continues in 2026

Meanwhile, MDH Partners targets industrial facilities near growing population centers, ports, intermodal and rail hubs, as well as interstate access points. As of November, the company owned 37 million square feet of industrial space in 18 states. Some of its latest deals include the acquisition of a 563,343-square-foot portfolio in Houston, Texas, last November. The shallow-bay industrial collection traded for $93 million.

That same month, it made another large portfolio deal, acquiring a 1.5 million-square-foot assemblage across the Southeast and Midwest. LBA Logistics sold the portfolio for $165 million.