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Sign in Sign up for a FREE subscriptionRealterm and J.P. Morgan acquire 1.75msf premier logistics portfolio
Realterm and J.P. Morgan Asset Management have acquired a 1.75 million-square-foot, highly functional, high-flow-through (HFT) logistics portfolio located in 28 U.S. core industrial markets, including Chicago, Atlanta, Dallas, New Jersey, New York and Philadelphia, among others.
Each of the 54 assets in the portfolio benefit from transportation-advantaged locations with excellent access to key interstate highways, airports and seaports.
The portfolio was acquired by Realterm Logistics Income Fund (RLIF) in a 50-50 JV with institutional investors advised by J.P. Morgan Asset Management, and will be managed by Realterm.
“The acquisition of this portfolio was a rare opportunity to acquire a premier collection of final mile, cross-docked and transloaded properties strategically located throughout the United States,” said Stephen Panos, senior vice president and fund manager with Realterm. “We’re excited to add these high-quality assets to Realterm Logistics