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Blackstone’s Next Big Bet: Small Industrial Units

AUGUST 2017 | Bisnow

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Why Obsolete Warehouses on the ‘Last Mile’ Are Attracting Institutional Investors

JULY 2017 | NREI
Institutional investors are now competing for small, previously obsolete class-B, -C and -D industrial buildings in urban locations. Every $1 billion in e-commerce sales requires 1.25 million sq. ft. of distribution space, said Scott Marshall, executive managing director of advisory and transaction services | investor leasing with CBRE, during a meeting of the Chicago chapter of NAIOP earlier this year. He noted that with…
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Ivanhoé Cambridge Acquires Evergreen Industrial Properties from TPG Real Estate | Investor Interest in ‘Last Mile’ Warehouses Stays Hot as Montreal-based Investor Closes on U.S. Light Industrial Portfolio Owner

JULY 2017 | CoStar
 Montreal-based Ivanhoé Cambridge made its first major move into the ‘last mile’ warehouse market this week, closing on its purchase of Evergreen Industrial Properties from private equity investment firm TPG Real Estate. The investment unit of Montreal pension fund advisor Caisse de Depot et Placement du Quebec announced it plans to buy more.
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Ivanhoé Cambridge Acquires Evergreen Industrial Properties from TPG Real Estate

JULY 2017 | NEWSWIRE
SAN FRANCISCO, CA, FORT WORTH, TX, and MONTREAL, July 13, 2017 /CNW Telbec/ – Ivanhoé Cambridge announced today that it has completed the acquisition of Evergreen Industrial Properties (“Evergreen” or the “company”) from TPG Real Estate. Financial terms of the transaction were not disclosed.
Evergreen is a U.S. light industrial real estate specialist that owns and operates a portfolio of more than 150 properties, comprising approximately 16 million ft2 (1,486,000 m2) across 18 major markets…
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