CHICAGO, IL- The Sitex Group just announced that their latest investment vehicle helped them close on more than $60 million of industrial property during last year's final quarter, and that they will pick up the pace throughout 2013.
“We would like to acquire and add 1 million to 2 million square-feet in 2013,” Cary Goldman, principal and partner in the firm's Chicago office, tells GlobeSt.com. “We now have the equity to go get these deals done.”
Founded in 2001, Sitex now has 33 industrial properties totaling about 3.4 million square-feet, with 12 sites in the New York-New Jersey area and 21 in the Chicago metropolitan area, according to Goldman. They started their latest investment vehicle, Sitex Fund VII, with financing from a major state pension fund which does not want to be named, and expect to spend about $300 million in their targeted markets over the next two years.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
