{"id":1004265719,"date":"2018-09-19T04:27:59","date_gmt":"2018-09-19T12:27:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004265719"},"modified":"2022-12-08T12:01:36","modified_gmt":"2022-12-08T20:01:36","slug":"investcorp-grabs-300m-multi-state-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/investcorp-grabs-300m-multi-state-industrial-portfolio\/","title":{"rendered":"Investcorp Grabs $300M Industrial Portfolio"},"content":{"rendered":"

By Barbra Murray<\/p>\n

Investcorp continues its expansion in the U.S. industrial sector with the acquisition of a 4.5 million-square-foot warehouse portfolio. With its New York real estate team leading the effort, Bahrain-based Investcorp purchased the group of 56 properties in a $300 million transaction.<\/p>\n

Prime locations are a noted feature of Investcorp\u2019s newly acquired collection of warehouse, light manufacturing and flex buildings. “The properties in this portfolio are located in supply constrained infill areas offering \u2018last mile\u2019 proximity to major population centers,\u201d<\/em> Rishi Kapoor, co-chief executive officer of Investcorp, said in a prepared statement.<\/p>\n

The portfolio encompasses both Class A and B properties spanning five states, with a heavy presence in Texas. The facilities in the Lone Star State, all of which are multi-tenanted, include 16 warehouse\/flex buildings in Dallas, two warehouses in Houston and a single warehouse in San Antonio. Chicago is home to 14 single and multi-tenant warehouse\/manufacturing facilities, while an additional nine multi-tenant warehouse and flex buildings can be found in the Philadelphia\/Delaware market. Completing the bunch are another nine multi-tenant warehouses in Minneapolis and five multi-tenant manufacturing assets in Phoenix. All told, the portfolio is 90 percent leased.<\/p>\n

Homing in on industrial<\/h2>\n

The new group of warehouse assets marks Investcorp\u2019s ninth industrial portfolio purchase in the U.S. \u201cThis investment further reflects our commitment to growing Investcorp’s footprint in the US, which is a key driver of the firm’s overall growth strategy and an area in which we will look to continue expanding as opportunities arise,\u201d<\/em> Mohammed Alardhi, executive chairman of Investcorp, said in prepared remarks.<\/p>\n

For the last three years, Investcorp has been building up its presence in the U.S. industrial market. The company\u2019s purchases in 2017 included a 1.8 million-square-foot portfolio<\/a> with a price tag of $160 million. Earlier this year the global alternative investment manager picked up four industrial portfolios encompassing an aggregate 2.7 million square feet for a total of $206 million. Investcorp\u2019s latest acquisition expands the company\u2019s U.S. industrial holdings to 14 million square feet.<\/p>\n

Investcorp\u2019s laser-like focus on the industrial sector dovetails with current trends among cross-border investors<\/a> in the U.S. real estate market. According to the Association of Foreign Investors in Real Estate\u2019s 2018 survey, the U.S. continues to lead the pack as the country providing the most stable and secure real estate investments and, with no small thanks to the e-commerce boom, the industrial sector ranks first as the most desirable property type.<\/p>\n

Images courtesy of Investcorp<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The group of 56 warehouse assets totals 4.5 million square feet, increasing the global alternative investment manager\u2019s U.S. industrial footprint to 14 million square feet.<\/p>\n","protected":false},"author":969,"featured_media":0,"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":[38823,32882],"class_list":["post-1004265719","post","type-post","status-publish","format-standard","hentry","category-deals","category-featured","category-industrial","category-national","category-latest","tag-association-of-foreign-investors-in-real-estate","tag-investcorp"],"acf":[],"yoast_head":"\nInvestcorp Grabs $300M Industrial Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/investcorp-grabs-300m-multi-state-industrial-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investcorp Grabs $300M Industrial Portfolio\" \/>\n<meta property=\"og:description\" content=\"The group of 56 warehouse assets totals 4.5 million square feet, increasing the global alternative investment manager\u2019s U.S. industrial footprint to 14 million square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/investcorp-grabs-300m-multi-state-industrial-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-19T12:27:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T20:01:36+00:00\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/investcorp-grabs-300m-multi-state-industrial-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/investcorp-grabs-300m-multi-state-industrial-portfolio\/\",\"name\":\"Investcorp Grabs $300M Industrial Portfolio - 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