This recent acquisition, which was brokered by Eastdil Secured, increased the total square footage owned and managed by IndCor to approximately 117 million square feet.
“This acquisition provides IndCor with the opportunity to increase its presence in Austin, Dallas, San Antonio, Portland, Los Angeles, and Denver, with hard-to-replace, highly sought after infill assets,” states Tim Beaudin, President and CEO of IndCor. “These markets have demonstrated strong leasing fundamentals, and we are excited about their long-term outlook.”
The 9.6 million square feet of institutional quality assets includes 4.9 million square feet in Texas, an additional 1.5 million square feet on the West Coast, and 1.4 million square feet in Denver. IndCor is also acquiring 1.8 million square feet located in five other markets, as well as 178 acres of entitled industrial land in Texas.
IndCor Properties, Inc. (IndCor) is one of the largest real estate companies in the United States focusing on the ownership and management of industrial properties. As a comprehensive real estate operator, IndCor currently owns and manages approximately 117 million square feet located in over 29 key logistics markets in 24 states. IndCor is headquartered in Chicago, Illinois.
IndCor was formed in 2010 as a portfolio company of The Blackstone Group, one of the world’s largest alternative asset managers and advisory firms. To learn more, visit www.indcor.com. (http://www.indcor.com/