IndCor Closes a Multi-Market Portfolio Totaling Approximately 7 Million Square Feet
Chicago, IL, January 04, 2014 --(PR.com
)-- IndCor, a real estate company focused on the ownership and management of industrial properties, increased its presence in the key markets of Reno, Las Vegas, Chicago, and Southern California, with the acquisition of an approximately 7 million square foot portfolio of industrial properties.
The acquisition was brokered by Eastdil Secured and increases the total square footage owned and managed by IndCor to over 107 million square feet.
“We have strategically increased our presence in these key markets with Class A infill assets,” states Tim Beaudin, President and CEO of IndCor. “We have seen strong leasing fundamentals in these areas, and have expanded our portfolio accordingly, with a specific focus on the Nevada area.”
The acquisition includes 2.4 million square feet in Reno and an additional 2.3 million square feet in Las Vegas. IndCor also acquired 1.6 million square feet in Chicago and 650,000 square feet in Southern California.
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 over 107 million square feet located in over 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.