December 3, 2019
Kidder Mathews has been assigned management duties for a sizable industrial portfolio owned by Link Industrial Properties. The assets are located in prime Washington, Oregon, and Nevada submarkets. The assignment follows a bold year of acquisitions in the industrial property markets by Link, Blackstone’s U.S. industrial real estate operating platform.
“The size and scale of this transaction clearly affirms the appeal and importance of assets that support the economy’s industrial, logistics, and distribution needs, while highlighting the availability of capital to complete a transaction of this magnitude,” said Kidder Mathews property management President Keith Kaiser. Kidder Mathews has demonstrated our ability to effectively scale our property management and brokerage services in concert with our clients’ growth and performance expectations.”
As reported by Connect Media earlier this year, Blackstone Real Estate Partners made records in 2019 in the industrial real estate sector by acquiring Colony Capital’s industrial real estate platform for $5.9 billion shortly after acquiring GLP’s U.S. logistics platform for $18.7 billion for a total investment of $24.6 billion in two transactions.
Photo: 775 Waltham Way, McCarran, NV
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