"We go in and attack every aspect of revenue and cost to get more out of them. Its more than $1B purchase of Preferred Freezer Services in 2019 made it the nation’s largest cold storage firm, A JLL team led by John Huguenard and Ed Halaburt, along with Sean Devaney, Kurt Sarbaugh and Robin Stolberg, marketed the portfolio for Investcorp.“What is unique about this cold storage portfolio is that it is a multi-tenant portfolio with fewer than four years of average remaining lease term that was able to close in spite of uncertainty caused by the COVID-19 pandemic,” Halaburt said.Bellwether Enterprise Real Estate Capital, a subsidiary of Enterprise Community Investment, hired Dan Rosenberg as a senior vice president and Ryan Morris and Matt Terpstra as assistant vice presidents. Rosenberg, a 15-year Chicago commercial real estate veteran, joins Bellwether Enterprise from Cohen Financial.Sterling Bay signed a lease with Studio Three, a boutique fitness operator, for about 10K SF at 333 North Green St., its new mixed-use development in Chicago’s Fulton Market neighborhood. Affordable Housing Investment Brokerage’s Kyle Shoemaker represented the purchaser and the seller, both private investors.
In his role with Lineage, he supports the executive leadership team with strategic decision-making including capital allocation, acquisitions and capital structure. The firm has deep experience in the warehousing and logistics industry and also seeks to make investments in other attractive sectors. A leading-edge research firm focused on digital transformation.Cold-storage giant Lineage Logistics is further consolidating its position as the largest player in a suddenly hot industry.The company told Business Insider it has purchased 24 cold-storage properties across the country over the past year for over $500 million.
The study includes the last 30 Class-A buildings greater than 300K SF constructed in the city's central business district. The property is occupied but will be available by Q1 2021. Bay Grove is based in San Francisco. Terms of the deal were not disclosed. The backbone and core strength of Lineage Logistics is our network of sophisticated, strategically located cold storage facilities. The company will move from its 25K SF at 1716 West Grand Ave. in Chicago to Schiller Park in July. Similar to other properties that Lineage owns around the world as a Real Estate Investment Trust (“REIT”), this facility is leased to a third-party operator. Terms of the deal were not disclosed.The Kanalholmen 15 property totals 22,000 square meters, and further expands Lineage’s real estate portfolio in Europe. The developer will also relocate its corporate headquarters to 333 North Green St. later this summer.MidAmerica Printing Systems signed a lease with Brennan Investment Group for 30K SF at 3838 River Road in Schiller Park. Lineage Logistics purchased the four-asset portfolio from the seller, Investcorp.
Lineage Logistics purchased the four-asset portfolio from the seller, Investcorp.Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com.
The portfolio consists of 2635 South Western Ave. in Chicago, 8424 West 47th St. in southwest suburban Lyons and 1544-46 Hecht Drive in northwest suburban Bartlett. REUTERS/Jonathan Alcorn A remaining 25-acre parcel can accommodate up to a 450K SF building.
Backed by private equity investors, Novi, Michigan-based Lineage has been on a takeover tear in the … All Rights Reserved.CHICAGO – JLL capital markets has closed the sale of a 712,051-square foot cold storage portfolio here. Lineage Logistics is the largest temperature-controlled warehousing and logistics company and REIT globally. “We entered the European market in 2017, have steadily built Lineage’s European presence and have long wished to enter the Nordic market – this transaction has allowed us to do just that.”“Lineage and the firm’s private equity owner, Bay Grove, are great partners to welcome into the Nordic logistics market. Lineage Logistics bought a three-property portfolio totaling 712K SF from global investment manager Investcorp, adding to its roughly 275 facilities in Europe, North America and Asia. As the world's largest refrigerated warehousing company it has around 200 facilities in North America, Europe, and Asia. HSA plans to deliver a 157K SF warehouse building and a 472K SF distribution center in Q4.Cushman & Wakefield’s Jeff Hoffman and Chad Vande Zande out of Milwaukee and Chicago-based Eric Fischer are marketing the buildings for lease. That's a development that was virtually unheard of in the past because of the high costs associated with erecting cold spaces, which require industrial cooling systems, heavy insulation and, in some cases, advanced robotic equipment to weather the unforgiving conditions. Copyright © 2020 ALM Media Properties, LLC.
Commercial real estate adviser CBRE (NYSE:CBRE) represented the seller and … Armedas is a unique Real Estate Solutions Firm, offering Real Estate Investment, Land Development, Architecture and Design, Construction and Project Management Services in Virginia, Maryland, DC 45449 E Severn Way, Unit 155, Sterling VA 20166
Learn more. And the private-equity backed firm just bought another 24 warehouses. Their skills and sharp focus on temperature-controlled properties means that they have great potential for acquiring similar properties in both Denmark and the whole of the Nordic region in the longer run,” says Peter Michael Tetzlaff, Associate Director for Investment Properties at CBRE Capital Markets.Bay Grove is a principal investment firm dedicated to partnering with strong management teams to invest in and build long-term platform investments. Transportation Solutions We move food.
Whatever the move, whatever the mode, you can rely on Lineage to get your products where … The Chicago-based business also operates studios in Lincoln Park and River North. Officials from the Chicago-based CA Ventures say the new partnership will allow them to standardize security and streamline operations.Upcoming regulations in the European Union require us to show this pop-up and ask you to agree to keep using Bisnow.com. Site work and mass grading are underway, and the developers expect several spec buildings to go vertical later in June.
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