Hogan Lovells advises Partners Group on USD1bn sale of industrial real estate portfolio
Global law firm Hogan Lovells has advised global private markets firm Partners Group on the sale of a large-scale portfolio of US industrial properties on behalf of its clients, at a gross asset value of more than USD1 billion.
The portfolio has a combined leasable area of 8.6 million square feet and consists of 88 industrial properties primarily located across the Mid-Atlantic and Southeast regions of the US, including Atlanta, Nashville, Norfolk, Raleigh-Durham and the Shenandoah Valley, near Washington DC. The properties include 74 light industrial buildings and 14 Class A bulk industrial buildings, which primarily serve distribution tenants in the e-commerce supply chain.
Partners Group built the portfolio in line with its build-to-core strategy by aggregating three separate lead investments, in partnership with Equus Capital Partners. Focused on the five fast-growing US markets, the portfolio offers unique exposure to attractive industrial assets.
The Hogan Lovells team was led by Denver-based counsel Scott Campbell, with support from senior associates Ted Brown (also Denver), and Lewis Turner (Colorado Springs).