Black Creek and Chicago jump in rankings for industrial sector activity
Chicago has moved up to No. 1 in the rankings of top markets for industrial transaction volume in first half 2020, jumping from fourth place in 2019, reported Real Capital Analytics in its second quarter 2020 U.S. industrial report.
Dallas followed in second place in the rankings, jumping from fifth in 2019, a 45 percent year-over-year change. Los Angeles, which held the No. 1 ranking in 2019, fell to the third spot. Houston and Atlanta followed in the fourth and fifth places, respectively, jumping from the 12th and seventh places.
The top buyer of industrial assets by investment volume during first half 2020 was Prologis. On Jan. 8, Prologis U.S. Logistics Venture (consolidated co-investment venture) and Prologis Targeted U.S. Logistics Fund (unconsolidated co-investment venture) completed the acquisition of assets from Industrial Property Trust (IPT) f