Investcorp has acquired 32 industrial properties totaling approximately 3.5 million square feet across four major U.S. markets for a total capitalization of more than $280 million. The properties grow Investcorp’s wider U.S. industrial real estate portfolios to approximately $2 billion with 22 million square feet comprised of more than 260 buildings.
“The global COVID-19 pandemic has further underscored the importance of industrial real estate assets located near major population and logistics hubs,” said Herb Myers, managing director and co-head of real estate North America at Investcorp. “We are excited to enhance our wider industrial real estate portfolio through the acquisition of these highly occupied properties in desirable industrial markets. Ecommerce sales are experiencing accelerated growth, and is expected to generate between 400 million to 1 billion square feet of excess demand for industrial space over the next several years. We believe these properties
