Crow Holdings has sold an eight-property industrial portfolio comprising 15 buildings and totaling 4.7 million square feet of space to PGIM Real Estate.
This sale represents one of the largest portfolios of industrial assets to sell during the COVID-19 pandemic.
The eight properties are located in five key U.S. markets: Atlanta, Dallas, Denver, Fort Worth and Phoenix — all of which are growing population centers located near gateway airports. Across the portfolio, leased occupancy improved three-fold during the sale process. Tenants include an array of national retail chains and corporations.
