Investcorp Acquires 64 Industrial Properties Totaling 5.6 Million Square Feet

Investcorp, a global alternative investment firm, has acquired 64 industrial properties totaling about 5.6 million square feet across seven major U.S. markets for an all-in value of $640 million.

The properties grow Investcorp’s U.S. industrial real estate holdings to about $3.5 billion across approximately 32 million square feet comprised of more than 425 buildings.

The latest acquisitions provide Investcorp with Class-B+/B industrial warehouses that are 95 percent leased. The properties are primarily located in the top major industrial markets by size including Chicago (ranked 1st); Dallas (ranked 2nd); the New York metro (ranked 4th); Atlanta (ranked 5th); Houston (ranked 6th); Philadelphia (ranked 9th); and St. Louis (ranked 20th).

The properties have exposure to dense population centers with robust transportation infrastructure, proximity to interstate highways and large, diverse economies.

Since 1996, Investcorp has acquired more than 1,100 properties for a total value of about $23 billion.