Mirae Asset Global Investments has acquired an eight-asset industrial portfolio triple net leased to Amazon for $520 million. The 1.16 million square foot portfolio, sold by a family office investor, is located in cities across California and Utah.
Newmark's Kevin Shannon, Alex Foshay, Ken White, Andrew Briner, Bret Hardy, Jim Linn and Greg Galusha represented the seller in the sale of the California properties. Newmark's White represented the seller in the sale of Utah assets. Newmark's David Milestone and Brett Green arranged the acquisition financing on behalf of the buyer.
"This portfolio was sold off market," according to Shannon, "which in the industrial sector, is a rare opportunity for the buyer."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
