Brookfield Asset Management forms another $1b partnership

Brookfield Asset Management and Elion Partners have formed a $1 billion strategic partnership expanding Brookfield’s Real Estate Secondaries’ logistics portfolio across core infill markets.

Brookfield recapitalized Elion Logistics Park 55 (ELP 55), a Chicago master-planned industrial park, with the potential to develop approximately $1 billion of industrial real estate. The project includes five existing class A industrial assets totaling 4 million square feet, which are 100 percent leased, as well as the potential to develop up to 15 million square feet of additional industrial properties, going forward. The master-planned logistics park is located adjacent to the BNSF railway, offers numerous tenant amenities including essential travel and repair services, and benefits from tax increment financing. Park Madison Partners acted as the exclusive capital adviser for recapitalization.

“Industrial logistics real estate continues to experience positive momentum, and n