Hines expands portfolio with $200m investments in industrial and healthcare assets
Hines U.S. Property Partners (HUSPP), the firm’s flagship commingled U.S. core-plus fund, has closed on four investments totaling approximately $200 million in investment volume spanning two key property types: industrial and alternatives.
The firm has acquired the Warm Springs Industrial Park in Fremont, Calif., comprising approximately 141,500 square feet across two fully leased multitenant industrial buildings. This acquisition represents HUSPP's second R&D/Flex industrial investment in the Warm Springs District, expanding Hines' presence in a thriving submarket.
Additionally, the CapMed portfolio includes two purpose-built healthcare facilities, marking the fund's first foray into the healthcare sector and its inaugural acquisition in the D.C. metro area.
In the southeast United States, 301 Logistics becomes HUSPP's first industrial acquisition, encompassing a 390,000-square-foot industrial asset fully leased to Cirkul, a water bottle and flavor cartr