Nuveen Real Estate expands its U.S. industrial platform

Nuveen Real Estate has expanded its U.S. industrial platform through the acquisition of a major national logistics portfolio exceeding 100 properties across 12 markets. The total value of the portfolio is approximately $3 billion and is comprised of urban infill, light industrial and bulk logistics assets.

The portfolio was acquired from Blackstone. Eastdil Secured served as adviser to Blackstone.

“This pivotal transaction provides an attractive opportunity to further enhance Nuveen Real Estate’s U.S. industrial platform and broaden our logistics holdings across strategic distribution hubs including coastal markets with high barriers to entry,” said Graydon Bouchillon, managing director and head of U.S. industrial sector at Nuveen Real Estate.

The portfolio comprises nearly 29 million square feet of logistics space with focused concentrations in Southern California, Northern New Jersey, Dallas, Chicago, Baltimore, and Washington, D.C., markets.

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