Hillwood Investment Properties, a Perot company, in a partnership with Brookfield Asset Management and the Hillwood-Brookfield Industrial Partners fund, announced the acquisition of eight Class A industrial properties totaling 2.6 million square feet located in five major U.S. industrial markets.
The transactions increased the portfolio's size to 9.7 million square feet located in eight industrial markets - Atlanta, GA; Baltimore, MD; Chicago, IL; Memphis, TN; Indianapolis, IN; Inland Empire, CA; Orlando, FL; and Philadelphia/South New Jersey.
"We continue to increase our industrial portfolio with selective acquisitions in our targeted industrial markets," said Tom Fishman, Hillwood's Executive Vice President of Acquisitions. "We closed out 2012 with incredible success and will continue seeking strategic investment opportunities in 2013."
December acquisitions included:
- Chicago: three buildings totaling 750,000 square feet located in the Fox Valley, O'Hare, and I-55 submarkets. This includes a joint venture with Bridge Development Partners.
- Indianapolis: one building totaling 668,000 square feet in the Far South Counties submarket
- Memphis: one building totaling 556,000 square feet located in the Desoto County submarket
- Atlanta: one building totaling 403,000 square feet located in the Airport/South submarket
- Orlando: two buildings totaling 256,000 located in the Southwest Orange submarket
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