Global real estate investment manager, Nuveen Real Estate, has expanded its US industrial platform with the help of a major national logistics portfolio acquisition, amounting to more than 100 properties across 12 markets
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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