Industrial

NEW YORK CITY — Global alternative investment firm Investcorp has acquired three national industrial portfolios that collectively total 1.5 million square feet across 41 buildings. The sales price was approximately $300 million. The seller(s) was not disclosed. The details of the three portfolios are as follows: Following this transaction, which comes on the heels of the firm buying a five-building, 435,000-square-foot industrial portfolio on Long Island, Investcorp now owns 640 industrial buildings totaling roughly 42 million square feet across the country. “We remain confident in the industrial asset class, which now represents nearly 60 percent of our real estate assets under management in the United States,” says Herb Myers, co-head of real estate, North America at Investcorp. “While the overall sector has shown signs of normalizing from pandemic-era highs, a lot of this stabilization is concentrated among newly built speculative properties, and we continue to see strong performance and compelling investment opportunities for existing infill assets in high-growth markets.”  “As reshoring and nearshoring have reshaped the industrial and manufacturing landscapes, well-located, multi-tenanted industrial assets have continued to attract robust interest from tenants and investors,” adds Michael Moriarty, managing director and head of commercial acquisitions at Investcorp. “The properties comprising these …