Creation RE and institutional investors advised by J.P. Morgan Global Alternatives have formed a joint venture that will invest $1 billion in industrial, warehouse and logistics real estate projects across four states.
The partners will capitalize and develop seven projects, three of which have already closed and four that are in the pipeline, totaling approximately 5 million square feet in Newark, N.J.; Melville, N.Y.; Islandia, N.Y.; Fort Worth, Texas; and Chandler, Gilbert and Phoenix, Ariz.
Creation was created in 2018 with two offices in Phoenix and Dallas. The company has plans to expand in New York City.
