(Read more on the industrial market.)
DALLAS-In simultaneous closings, Cobalt Capital Partners hasgrabbed 3.2 million sf of industrial space in eight cities in threeunrelated transactions. The $160-million pickup came from the$410-million equity coffer of Cobalt REIT II.
Lewis D. Friedland, managing partner of Dallas-based Cobalt,tells GlobeSt.com that REIT II has acquired 21 buildings of90%-leased industrial space in its homeport, Atlanta, Chicago,Denver, Houston, Minneapolis, Phoenix and Tucson. In winning themarketed packages, Cobalt REIT II bought 567,005 sf in Dallas fromSan Francisco-based Rreef North America, 2.2 million sf in severalcities from Dallas-headquartered Lincoln Property Co. and roughly400,000 sf from a handful of local owners.
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