Industrial Investment Running at Full Steam This Year

Industrial investment activity came roaring back at the end of the year, with November and December both marked by a number of very significant industrial deals. The calendar pages may have turned to a new year, but investors haven’t pulled off the gas. They have continued to buy up major industrial portfolios and assets in early 2021.

The latest: Preylock Holdings’ acquisition of a three property distribution portfolio in Atlanta and Memphis totaling 2.2 million square feet. The firm acquired the class-A portfolio from Core5 Industrial Partners for $166.7 million. The portfolio consists of the 1-million-square foot Crossroads Business Center, and two buildings that are part of the DeSoto 55 Logistics Center totaling nearly 1.2 million square feet. All three properties were completed in 2020 and are proximate to airports and intermodal hubs, and have state-of-the-art features. Dennis Mitchell, Matt Wirth, Britton Burdette, Jim Freeman and Mitchell Townsend of JLL Capital Markets team represented Core5 Industrial Partners in the deal.