Ocean West sells seven-property logistics portfolio for $900m
An investment group led by Ocean West Capital Partners and Tiger Alternative Investors has sold a seven-property industrial portfolio for more than $900 million.
The portfolio totaled more than seven million square feet and was comprised of highly desirable industrial properties net leased to nationally recognized investment-grade tenants.
The assets are all located in established logistics markets throughout the Sunbelt and Northeast, and the tenant list includes many of the largest and most well-known companies in the country. Ocean West acquired the portfolio between 2019 to 2020 and added value throughout its ownership period through active oversight and thoughtful lease negotiations. At the time of sale, the portfolio had a weighted average lease term of over 10 years.