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Avison Young brokers national logistics portfolio across several statesMay 12, 2022
Portfolio serves critical freight distribution points for increasing e-commerce
Chicago, IL – Avison Young today announced that it has negotiated the sale of the exclusive assignment of a national logistics portfolio across several states in the Midwest, South, and Northeast United States totaling 21 assets of 704,270 square feet.
Avison Young’s Erik Foster and Mike Wilson, Principals based in the firm’s Chicago office and leaders of the firm’s national industrial capital markets team, represented the seller who are institutional investors advised by J.P. Morgan Global Alternatives and Realterm.
The buyer was Biynah Partners.
“This national portfolio has sustainable Net Operating Income (NOI) with key locations,” said Foster “The properties operate as a supply chain management tool for companies which is key to the ever-expanding world of e-Commerce.” added Wilson.
As e-Commerce continues to grow, the demand for trucks continues to grow as well. Continuous growth in the volume of containers has placed significant positive upward pressure on the trucking industry, and subsequently cross-docked/transloaded properties such as these.
The portfolio includes assets in several logistic powerhouses including Atlanta, Chicago, Memphis, Columbus, Long Island (New York), and Philadelphia.
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For more information:
- Jéntill Neal, Media Relations, Midwest: +1.312.796.0380