{"id":1004780143,"date":"2025-12-03T05:29:06","date_gmt":"2025-12-03T13:29:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004780143"},"modified":"2025-12-16T08:03:29","modified_gmt":"2025-12-16T16:03:29","slug":"quadreal-lasalle-recapitalize-495m-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/quadreal-lasalle-recapitalize-495m-industrial-portfolio\/","title":{"rendered":"QuadReal, LaSalle Recapitalize $495M Industrial Portfolio"},"content":{"rendered":"\n<p>QuadReal Property Group has recapitalized a 3.3 million-square-foot U.S. industrial property portfolio via a partnership with LaSalle Investment Management that will see LaSalle acquire a 49 percent stake in the assets. The portfolio is valued at $495 million.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/Lathrop-II-Press-Release-Photo-Affinius.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"531\" height=\"398\" data-attachment-id=\"1004778872\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/phelan-lasalle-secure-67m-industrial-loan\/lathrop-ii-press-release-photo-affinius\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/Lathrop-II-Press-Release-Photo-Affinius.jpg\" data-orig-size=\"531,398\" 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=\"Lathrop-II-Press-Release-Photo-Affinius\" data-image-description=\"&lt;p&gt;Image provided by Affinius Capital as part of its press release posted here: https:\/\/www.citybiz.co\/article\/774926\/affinius-capital-originates-66-7-million-loan-to-refinance-industrial-property-in-northern-californias-central-valley\/&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Buildings III and IV debuted in 2023, being part of Phelan\u2019s Lathrop Gateway, a larger master-planned industrial park. Image courtesy of Affinius Capital&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/Lathrop-II-Press-Release-Photo-Affinius.jpg?w=531\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/Lathrop-II-Press-Release-Photo-Affinius.jpg?w=531\" alt=\"Aerial shot depicting phase two of Phelan's Lathrop Gateway industrial park in California.\" class=\"wp-image-1004778872\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/Lathrop-II-Press-Release-Photo-Affinius.jpg 531w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/Lathrop-II-Press-Release-Photo-Affinius.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 531px) 100vw, 531px\" \/><\/a><figcaption class=\"wp-element-caption\">Earlier this month, LaSalle Investment Management, in partnership with Phelan Development, refinanced Buildings III and IV within Lathrop Gateway in Lathrop, Calif. <em>Image courtesy of Affinius Capital<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The portfolio includes 11 assets near major population centers and transportation infrastructure. The properties are in five states, including Georgia, Pennsylvania, New Jersey, Texas and Washington state.<\/p>\n\n\n\n<p>The partnership also means additional capital commitments from LaSalle for the acquisition of similar industrial assets in the future, though the partners didn&#8217;t specify a total. Those commitments&nbsp;mean \u201ca significant runway to expand its real estate investment portfolio in partnership with QuadReal,\u201d according to the partners in a statement.<\/p>\n\n\n\n<p>Vancouver, BC-based QuadReal is the real estate arm of British Columbia Investment Management Corp. and currently has about $94 billion in assets under management. LaSalle manages $88.5 billion of assets in private and public real estate equity and debt investments.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-report-policy-shifts-support-reshoring-vacancies-rise\/\">Policy Shifts Boost Reshoring, Vacancies Rise<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>In a recent deal, LaSalle Investment Management and Phelan Development have obtained a <a href=\"https:\/\/www.commercialsearch.com\/news\/phelan-lasalle-secure-67m-industrial-loan\/\">$66.7 million refinancing loan<\/a> for two industrial facilities in Lathrop, Calif. Affinius Capital issued the debt for the properties totaling 847,000 square feet in a deal arranged by Preferred Capital Advisors.<\/p>\n\n\n\n<p>Earlier this year, QuadReal and joint venture partner Valor Real Estate Partners, a specialist in urban logistics in Europe, completed a \u00a3260 million ($344 million) refinancing with Blackstone Real Estate Debt Strategies. The deal involved a London portfolio of about 1 million square feet.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-industrial-investment-stabilizes\">Industrial investment stabilizes<\/h2>\n\n\n\n<p>Investor interest in U.S. industrial properties has slowed from the frenzy seen only a few years ago to a more stable level. Year-to-date, 2025 sales totaled about $47.6 billion nationally through mid-third-quarter, according to investment consultancy MMCG Invest, down from 2021-22 but not collapsing.<\/p>\n\n\n\n<p>Investment sales volume didn&#8217;t change much between the second quarter of this year and the third, and also compared with the third quarter of 2024, MMCG reported. That dynamic suggests that buyers and sellers are gradually narrowing the bid-ask gap.&nbsp;<\/p>\n\n\n\n<p>Capital is still out there for industrial deals, but it has become much more selective, MMCG posits.<\/p>\n\n\n\n<p>In 2021, stabilized warehouse assets were trading at yields in the mid-4 percent range, while by late 2025, typical cap rates for institutional-quality industrial assets are hovering around 6 percent, illustrating shifts in <a href=\"https:\/\/www.commercialsearch.com\/news\/whats-next-for-industrial-real-estate\/\">industrial market trends<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The properties total more than 3 million square feet. <\/p>\n","protected":false},"author":1023,"featured_media":1004778872,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,21783,23891,21742],"tags":[34784,33722,46652],"class_list":["post-1004780143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-investment","category-national","category-latest","tag-lasalle","tag-lasalle-investment-management","tag-quadreal-property-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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