The total value of the portfolio acquired by Nuveen Real Estate is approximately $3 billion and is comprised of urban infill, light industrial and bulk logistics assets.
“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."
—Graydon Bouchillon, Managing Director and Head of U.S. Industrial Sector at Nuveen Real Estate.
The portfolio is comprised of 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. The portfolio was acquired from Blackstone. Eastdil Secured served as advisor to Blackstone.
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Join us November 13-15 for the Property Portal Watch Conference Madrid 2019.
This week's hiring roundup is shorter, but our two stories both come straight from the C-suite. Lamudi Philippines hires...
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In a major change to the industry, home sellers in the United States will no longer be required to offer...
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