PR.com: Business Directory, Press Releases, Jobs, Products, Services, Articles
 
Businesses Articles Press Releases Follow @PRcom
Press Release Pricing | News by Category | News by Country | News by US Region | Recent News | PR.com News on Your Site
 

Press Releases

 

IndCor Properties

Press Release


Receive press releases from IndCor Properties: By Email RSS Feeds:
IndCor Closes a Multi-Market Portfolio Totaling 9.6 Million Square Feet

Chicago, IL, March 03, 2014 --(PR.com)-- IndCor, a real estate company focused on the ownership and management of industrial properties, is significantly expanding its presence in six desirable real estate markets, with a 9.6 million square foot portfolio of industrial properties.

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.

About IndCor

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.
Contact Information
Sagefrog Marketing Group
Andrea Panno
215-230-9024
Contact
http://sagefrog.com

Click here to view the list of recent Press Releases from IndCor Properties
Promote Your Business