Galvanize Real Estate (GRE), Galvanize’s sustainable real estate strategy, announced the acquisition of a three-property, 280,000-square-foot industrial portfolio in Orange County (the OC Portfolio). The transaction marks GRE’s second California acquisition and fifth acquisition nationwide in the past year, bringing the strategy’s total portfolio to 3.8 million square feet.
“Together with our recent acquisition in the Bay Area, the OC Portfolio reflects how much opportunity we see to scale GRE’s profitable decarbonization strategy across California,” said Joseph Sumberg, managing partner and head of Galvanize Real Estate. “As the cost and reliability of energy become more central to how tenants evaluate space, we believe well-located industrial assets with meaningful decarbonization potential represent an attractive segment in the market.”
“We view Orange County, with its strategic location, diversified economy and limited new supply, as particularly
