(Read more on the industrial market.)
MONTVALE, NJ-Ivy Equities has acquired a seven-building,one-million-sf portfolio to its holdings, which have grown by 2.3million sf and $300 million over the past 12 months. The sevenbuildings were all managed by the Paramus-based Alexander SummerLLC and owned by partnerships managed by the firm.
"We're continuing to grow our portfolio with significant bulkacquisitions such as this," says David Archibald, CIO of IvyEquities, based here. "We're particularly pleased to be expandingin the industrial sector. This acquisition is consistent with ourtrack record of identifying and closing on strategic assets thatleverage our value-add relationships."
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