One of Investcorp's new holdingsNEW YORK–Investcorp's US real estate team has acquired its largest US warehouse portfolio to date for $300 million. The portfolio totals 4.5-million-square-feet and includes 56 industrial properties in seven metro markets.
Headquartered in Manama, Bahrain, Investcorp has a robust global portfolio of industrial holdings but the company is seeking to expand its footprint in the US, Mohammed Alardhi, executive chairman of Investcorp, said in a prepared statement.
The portfolio is 90% leased and consists of Class A and B warehouse, light manufacturing and flex buildings serving the e-commerce, manufacturing, design, wholesaling and food services industries.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
