Cabot Properties has sold the North Central Portfolio, a collection of 11 modern industrial properties totaling approximately 2.5 million square feet across key industrial submarkets in Greater Chicago and Minneapolis. The diversified portfolio, which includes assets both developed and acquired by Cabot, was purchased by a prominent global asset manager.
“Our team executed a targeted marketing and bidding process to identify a strong institutional buyer during a challenging time for bulk industrial transactions in the broader market,” said Carey Herrlinger, managing director, investments for the western/central regions at Cabot Properties. “Chicago and Minneapolis are strategically important industrial markets in the Midwest, supported by strong regional infrastructure, diversified labor pools and favorable population trends. I am grateful for the diligence, expertise and day-to-day support of the entire Cabot team that contributed to a favorable transaction process.”
