Tishman Speyer is making a big play for investing in industrial properties that prioritize ESG and adhere to the standards and specifications set forth by market leading environmental certifications such as LEED and GRESB.

It and Mitsui Fudosan America (MFA) this week announced the formation of a new programmatic joint venture dedicated to the acquisition, development, redevelopment and operation of such properties in leading U.S. cities.

The newly created Tishman Speyer-Mitsui Fudosan America Logistics Venture will be seeded by an initial $500 million commitment from an affiliate of MFA along with co-investment capital from Tishman Speyer.

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