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$100M Fund Targets Retail Acquisitions

LAKE BLUFF, IL-Henderson Global Investors of London, on behalf of a state pension fund, retains locally based Pine Tree Commercial to acquire shopping centers in the Midwest and West regions. The all-cash fund is valued at $100 million.

By Dana Dubriwny | Updated on May 11, 2006

(To read more on the debt and equity markets, click here.)

LAKE BLUFF, IL-On behalf of a state pension fund, Henderson Global Investors of London has retained locally based Pine Tree Commercial to acquire shopping centers in the Midwest and West regions. The all-cash fund of $100 million will allow for the seven- to 10-year hold of institutional and value-add properties.

Pine Tree founders Barry Herring and Peter Borzak, along with vice president of acquisitions Scott Goldman, discuss the fund’s objectives exclusively with GlobeSt.com. Borzak says that although the partnership was just formed, the company has already located the fund’s first acquisition property.

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