INDUS Realty Trust has acquired a majority interest in a modern 4.3 million square foot logistics portfolio comprising 21 buildings in North Carolina and South Carolina.
The acquisition values the Carolinas Portfolio at $575 million.
The acquisition is part of a recapitalization of approximately one-third of Childress Klein’s (CK) 13.2 million square foot industrial portfolio. INDUS and CK have entered into a joint venture on the Carolinas Portfolio, with CK retaining a minority ownership stake and continuing to manage and lease the properties.
The Carolinas Portfolio, which is 94 percent leased, includes 16 buildings in Charlotte, N.C., and 5 buildings in Charleston, S.C. These regions have been among the top performing industrial markets, driven by their robust population growth and economic development, strategic access to essential infrastructure such as ports and intermodal yards, and burgeoning manufacturing investments. Located in the prime submarkets o
