Park North, a 755,911-square-foot property in Monroe, OH.

ATLANTA—Ivanhoé Cambridge, which acquired locally based logistics company IDI Logistics in late November, now has a 50-50 partner—Oxford Properties—in the locally-headquartered firm.

The two Canadian firms announced today they had signed a 50-50 joint venture partnership in IDI Logistics. Ivanhoé Cambridge, a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada's leading institutional fund managers, acquired IDI Logistics from Brookfield Asset Management on Nov. 30, 2018. No financial details on the joint venture partnership or the initial acquisition deal with the Brookfield-sponsored real estate fund in November by Ivanhoé Cambridge were released.

A Bloomberg report, which cites sources with knowledge of the transactions, states that Ivanhoé Cambridge paid approximately $3.7 billion to Brookfield for IDI Logistics in November and sold the 50% interest in the firm to Oxford Properties, the real estate arm of OMERS, for approximately $1.7 billion.