Wafra and Arden Group are launching a venture, aiming for a $1 billion aggregation of industrial service facilities in top U.S. growth markets.
The venture plans to scale a diversified portfolio of industrial service facilities, including industrial outdoor storage sites, truck terminals, trailer parking and last mile port facilities, building a sizeable market share within a highly fragmented sector.
The firms have closed on a portfolio of ISF properties, building an immediate presence in key growth markets, including Dallas, Houston, Atlanta, Austin and Miami.
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