Colony Capital Adds 12 Million SF in $1.2B Deal

Lew Friedland, managing director at Colony Capital and head of Colony Industrial

DALLAS—A little over a week after it traded an industrial portfolio of more than 2 million square feet comes news that affiliates of Dallas-based Colony Capital has acquired an 11.9-million-square-foot industrial portfolio in a deal valued at $1.16 billion.

The firm’s latest acquisition involves a portfolio located across 10 US markets and is 71% leased. A total of 48 of the buildings are last-mile light industrial and were acquired through Colony’s existing light industrial platform. The remaining six buildings are bulk industrial and were acquired through a newly formed joint venture in which Colony Capital has a 51% interest and an unnamed third-party institutional investor has a 49% interest. The unidentified seller was represented by CBRE National Partners.