Investcorp announces $640m industrial acquisition

Investcorp has acquired 64 industrial properties totaling approximately 5.6 million square feet across seven major U.S. markets for $640 million.

The properties grow Investcorp’s U.S. industrial real estate holdings to approximately $3.5 billion across approximately 32 million square feet, comprising more than 425 buildings.

The latest acquisitions provide Investcorp with class B+/B industrial warehouses that are 95 percent leased. The properties are primarily located in the top major industrial markets by size including Chicago (ranked 1st), Dallas (ranked 2nd), the New York metro (ranked 4th), Atlanta (ranked 5th), Houston (ranked 6th), Philadelphia (ranked 9th) and St. Louis (ranked 20th), according to CBRE Econometric Advisors. The properties have exposure to dense population centers with robust transportation infrastructure; proximity to interstate highways; and large, diverse economies.

“The industrial and logistics sector has continued to benefit from