ATLANTA—In partnership with Kaiima USA Group, three industrial real estate veterans have formed Core5 Industrial Partners. The venture will focus on developing and acquiring class A industrial properties, beginning in Atlanta and with plans to expand to key logistics markets stateside over the next three years.
Kajima was formed with executives from its last industrial venture, IDI, which developed over 175 million square feet of class A properties over 25 years. IDI was sold in Oct. 2013.
Tim Gunter is president and CEO of Core5. Lisa Ward serves as senior vice president and managing director. Kajima Corporation, a 175-year-old Japanese company, owns Kajima USA. The company offers real estate development services, as well as architectural, engineering, and construction services through a network of companies in the US.
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