National Real Estate Company Expands in Chicago

CHICAGO - June 21, 2013 - PRLog -- IndCor, a premier real estate company focused on the ownership and management of industrial properties, significantly expanded its presence in Chicago through the acquisition of 15 buildings. The deal closed in late April of 2013.  

This portfolio is strategically located in key infill sub-markets with significant barriers to entry for future development. The 2,117,948 square foot acquisition gives IndCor critical mass in Chicago – one of the core logistics markets in the U.S. – and increases IndCor’s total Chicago platform to over 2.5 million square feet.

Jim Carpenter, Senior Director at Cushman & Wakefield, brokered the deal.

“This 15 building acquisition offers irreplaceable real estate in one of the key U.S. markets and provides us opportunities to expand and develop our real estate presence with a leading platform in Chicago,” says Tim Beaudin, President and CEO of IndCor.  “IndCor is well-positioned to continue our rapid growth through the acquisition of this high quality industrial real estate.”

About IndCor:

IndCor Properties, Inc. (IndCor) is one of the premier 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 over 86 million square feet located in 40 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.