Premier Industrial commercial real estate news, analysis, trends and information including warehouse, distribution, logistics, e-commerce, self storage and R&D space deals and players.
"Liberty has successfully executed on our strategy to reallocate capital from office to our growing industrial business," says Mike Hagan, Liberty's chief investment officer.
The project demonstrates the firm's specialized expertise in the redevelopment of complicated, infill sites located in institutional submarkets, says Steve Groetsema of Bridge Development Partners.
The New York City-based firm that specializes in corporate sale-leasebacks, built to suits and purchases of single-tenant net lease properties, reports today that it has made approximately $119 million in new acquisitions/investments.
With the recent purchases of Northpark VIII and Airpark West V along with the CLT Logistics development, the company's portfolio in the Charlotte metro area is now approaching 1 million square feet.
The latest properties will comprise the site of the DFW Park 161 master-planned project, encompassing four global e-commerce hubs known as Logistic Centers 8, 9, 10 and 11 with more than 2.4 million square feet.
The 1.64-million-square-foot portfolio was previously owned by First Potomac Realty Trust, which DSC founders and partners Douglas Donatelli and Nick Smith founded in 1997 and ran until 2015.