{"id":1004320472,"date":"2019-04-30T06:52:51","date_gmt":"2019-04-30T14:52:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004320472"},"modified":"2019-04-30T11:36:32","modified_gmt":"2019-04-30T19:36:32","slug":"investcorp-acquires-170m-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/investcorp-acquires-170m-industrial-portfolio\/","title":{"rendered":"Investcorp Acquires $170M Industrial Portfolio"},"content":{"rendered":"
\"\"<\/a>

Image via Wikimedia Commons<\/em><\/p><\/div>\n

Investcorp has acquired an eight-building industrial portfolio spread across the U.S. for $170 million. The properties house a total of 1.4 million square feet of space and are currently 100 percent leased. The firm did not disclose a seller in the deal.<\/p>\n

The properties are single-tenant distribution buildings located in eight major U.S. markets\u2014Chicago, Phoenix, Jacksonville, Fla., St. Louis, Mo., Charlotte, N.C., Cincinnati, Cleveland and San Antonio. Tenants at the properties span a range of industries and include FedEx Ground, XPO Logistics, Conagra Foods and Spectrum.<\/p>\n

“With the rapid growth of e-commerce driving increased demand for industrial assets nationwide, this portfolio underscores our ability to identify and then execute on long-term, secular trends in real estate,”<\/em> said Herb Myers, managing director in real estate investment at Investcorp, in prepared remarks. Myers added that the properties are located strategically near major highways and railways.<\/p>\n

With this latest transaction, Investcorp expands its portfolio to 191 industrial buildings with a total of 16 million square feet. The Bahrain-based firm has been making major moves over the last year-and-a-half, picking up approximately $2 billion in U.S. real estate in 21 individual transactions, underscoring a 152 percent jump in foreign investment in industrial assets<\/a> in 2018 versus 2017.<\/p>\n

Other recent moves by Investcorp include the sale of two office properties<\/a> in Minneapolis to DRA Advisors for $73.7 million in March, as well as the firm\u2019s acquisition of a $300 million<\/a> industrial portfolio with 4.5 million square feet last September.<\/p>\n","protected":false},"excerpt":{"rendered":"

The eight buildings, which are spread across the U.S., comprise 1.4 million square feet and are 100 percent leased to such tenants as FedEx Ground and XPO Logistics.<\/p>\n","protected":false},"author":745,"featured_media":1004320475,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21748,21783,23891,21742],"tags":[45407,32882],"class_list":["post-1004320472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-industrial","category-investment","category-national","category-latest","tag-herb-myers","tag-investcorp"],"acf":[],"yoast_head":"\nInvestcorp Acquires $170M 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-acquires-170m-industrial-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investcorp Acquires $170M Industrial Portfolio\" \/>\n<meta property=\"og:description\" content=\"The eight buildings, which are spread across the U.S., comprise 1.4 million square feet and are 100 percent leased to such tenants as FedEx Ground and XPO Logistics.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/investcorp-acquires-170m-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=\"2019-04-30T14:52:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-30T19:36:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/1280px-Creative_werks_warehouse-e1556570786624.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1139\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Holly Dutton\" \/>\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-acquires-170m-industrial-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/investcorp-acquires-170m-industrial-portfolio\/\",\"name\":\"Investcorp Acquires $170M Industrial Portfolio - 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