IndCor Expands Platform to 85M Square Feet through Acquisitions of Two Portfolios
IndCor significantly expands its presence through two recent acquisitions, including a 16.3M square foot expansion and a 23.3M square foot expansion.
- (1888PressRelease) June 28, 2012 - IndCor, a premier real estate company focused on the ownership and management of industrial properties, significantly expands its presence through two recent acquisitions. The 16.3M square foot expansion from the Dexus Portfolio and 23.3M square foot expansion from a prominent West Coast portfolio result in an IndCor property portfolio growth from 45.5M square feet to over 85M square feet in 40 markets in 23 states.
The new IndCor platform offers geographical balance. 64% of the portfolio is located in highly desirable coastal markets - 38% in the East Region and 26% in the West Region. IndCor now boasts geographical diversity and critical mass in core logistics markets in Southern California, Northern California, New Jersey, Eastern Pennsylvania, Miami, Houston, Dallas, Chicago and Seattle.
"We are pleased to announce the acquisition of these high quality real estate assets and to significantly expand our portfolio," states Tim Beaudin, President and CEO of IndCor. "Given the ultra-competitive investment focus on the West Coast markets, it is especially satisfying to create critical mass at such a favorable basis."
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 85 million square feet located in 40 key logistics markets in 23 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.
###
space
space
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam