Crow Holdings has formed a joint venture with Mubadala Investment Co., a sovereign investor based in Abu Dhabi, to develop new class A industrial properties across major markets in the United States.
The venture will pursue approximately $1 billion of development opportunities targeting a range of institutional industrial markets.
Michael Levy, CEO of Crow Holdings, said, “We continue to accelerate our market-leading presence in the industrial space by developing or acquiring state-of-the-art properties across a range of strategies, from merchant-build to long-term build-to-core portfolio construction.”