Logistics Property Co. has closed it develop-to-core fund, LPC Logistics Venture One, with total equity commitments of $1 billion from several global institutional investors. The fund focuses on ground-up industrial development opportunities across the United States.
Launched in early 2018, LPC is an active best-in-class logistics developer across tier 1 markets nationally. It already has allocated approximately 90 percent of the fund with significant positions in Atlanta, Chicago, Dallas, Houston, Seattle and Pocono, Pa.
“The successful LPC capital raise speaks to the confidence global investors have in the industrial sector’s strong underlying fundamentals,” said Jim Martell, LPC’s CEO.
LPC’s development strategy will deliver its customers state-of-the art logistics facilities and will offer its investors ownership of assets generating long-term income in key U.S. markets. At the same time, these development projects create jobs and provide support f
