(Read more about Natalie Dolce.)
NEW YORK CITY-Pantheon Properties, a locally based, full-service owner and operator of industrial properties, has entered into a joint venture with Principal Real Estate Investors, the real estate investment group of Des Moines-based Principal Global Investors.
When leveraged, Equity commitments made by Pantheon and Principal, will enable the venture to acquire approximately $400 million in value-added, industrial/flex properties in New York, New Jersey, Pennsylvania, Maryland and Delaware. Property size targets for this joint venture will range from 100,000 sf to 1,000,000 sf., according to a statement made by Pantheon Properties.
"We are extremely proud that a company of Principal's stature, track record and global leadership selected Pantheon as its joint venture partner," says Ken Cohen, the founder and CEO of Pantheon Properties.
The Pantheon/Principal joint venture is targeted to acquire approximately five million sf of industrial assets, including warehouse/distribution as well as manufacturing and flex properties. The joint venture has already identified two acquisitions that are currently in closing stages and should be finalized next month, according to a statement made by Pantheon Properties.
Herrick, Feinstein LLP served as lead counsel to Pantheon and Holliday Fenoglio Fowler acted as financial advisor.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
