Aurora Industrial has closed on a 15-asset industrial portfolio, comprised of approximately 2.9 million square feet, in Cleveland. The seller of the Cleveland portfolio was Premier Development Partners. The seller was advised by CBRE National Partners in the disposition of the Cleveland portfolio.
The financial terms were not disclosed.
The Cleveland portfolio was acquired and/or developed by Premier over the past 15 years and is comprised of a diverse mix of tenants in industries ranging from home furnishings to logistics.
Mukang Cho, CEO of Aurora, commented, “Premier has assembled a portfolio of exceptionally well-located, functional buildings throughout the Cleveland MSA. We are excited for Aurora to establish a presence in Cleveland through this strategic acquisition and expect to scale our platform over the coming years in the MSA.”
