{"id":1004166393,"date":"2017-02-09T03:28:36","date_gmt":"2017-02-09T11:28:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004166393"},"modified":"2022-12-08T23:40:55","modified_gmt":"2022-12-09T07:40:55","slug":"dra-advisors-nabs-1b-plus-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dra-advisors-nabs-1b-plus-industrial-portfolio\/","title":{"rendered":"DRA Advisors Nabs $1B-Plus Industrial Portfolio"},"content":{"rendered":"<p>By Scott Baltic, Contributing Editor<\/p>\n<div id=\"attachment_1004166394\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/6000-Green-Pointe-Drive-in-Groveport-Ohio-e1486639172335.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004166394\" data-attachment-id=\"1004166394\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/dra-advisors-nabs-1b-plus-industrial-portfolio\/6000-green-pointe-drive-in-groveport-ohio\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/6000-Green-Pointe-Drive-in-Groveport-Ohio-e1486639172335.jpg\" data-orig-size=\"1591,1197\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"6000 Green Pointe Drive in Groveport, Ohio\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;6000 Green Pointe Drive in Groveport, Ohio&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/6000-Green-Pointe-Drive-in-Groveport-Ohio-e1486639172335.jpg?w=1024\" class=\"size-medium wp-image-1004166394\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/6000-Green-Pointe-Drive-in-Groveport-Ohio-e1486639172335.jpg\" alt=\"6000 Green Pointe Drive in Groveport, Ohio\" width=\"300\" height=\"226\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/6000-Green-Pointe-Drive-in-Groveport-Ohio-e1486639172335.jpg 1591w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/6000-Green-Pointe-Drive-in-Groveport-Ohio-e1486639172335.jpg?resize=300,226 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/6000-Green-Pointe-Drive-in-Groveport-Ohio-e1486639172335.jpg?resize=768,578 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/6000-Green-Pointe-Drive-in-Groveport-Ohio-e1486639172335.jpg?resize=1024,770 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/6000-Green-Pointe-Drive-in-Groveport-Ohio-e1486639172335.jpg?resize=1536,1156 1536w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004166394\" class=\"wp-caption-text\">6000 Green Pointe Drive in Groveport, Ohio<\/p><\/div>\n<p><strong>New York<\/strong>\u2014In a deal worth a little over $1 billion, DRA Advisors LLC has acquired, on behalf of its funds, a 19.8 million-square-foot industrial portfolio sold by private equity real estate firm Cabot Properties Inc. of Boston. Eastdil Secured and Cushman &amp; Wakefield represented Cabot Properties.<\/p>\n<p>The portfolio is diversified across 21 markets throughout the United States, including major industrial hubs such as Dallas, Chicago, Columbus, Houston and Atlanta. Its 184 properties are 94 percent leased overall to more than 500 tenants.<\/p>\n<p>\u201cWe are enthusiastic about the investment potential of this portfolio and the ability to extend our national industrial footprint to over 45 million square feet,\u201d David Luski, president of DRA Advisors, said in a prepared statement.<\/p>\n<p>The mega-deal concludes disposition activity for his firm\u2019s Fund II assets, added Franz Colloredo-Mansfeld, CEO of Cabot Properties. \u201cWe are pleased to have closed this large, complex transaction, which marks the successful and profitable close of an investment program we launched in late 2005. Continuing strong tenant demand and very favorable conditions in the industrial property markets should also make this a successful investment for DRA Advisors.\u201d<\/p>\n<p>A DRA spokesperson told <em>Commercial Property Executive<\/em> that the entire portfolio consists of warehouse\/distribution space, but was unable to provide other requested information.<\/p>\n<p>Since its inception in 1986, Cabot has invested $7 billion in industrial real estate, managing and operating approximately 3,500 tenants in 160 million square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 184 properties are located across 21 markets throughout the country, including major industrial hubs such as Dallas, Chicago, Columbus, Houston and Atlanta.<\/p>\n","protected":false},"author":882,"featured_media":1004166394,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21748,23891,21742],"tags":[33920,32799,33919,33101],"class_list":["post-1004166393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-industrial","category-national","category-latest","tag-cabot-properties","tag-cushman-wakefield","tag-dra-advisors-llc","tag-eastdil-secured"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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