CBRE Group, Inc. announced that CBRE Capital Markets has arranged the sale of the North American Logistics Portfolio, a 10.2-million-square-foot industrial portfolio located in nine key logistics markets around the United States. New York City-based Gramercy Property Trust purchased the portfolio for investment purposes from San Antonio-based USAA Real Estate Company for an undisclosed price.
CBRE’s National Partners arranged the sale on behalf of the seller.
The portfolio is comprised of 17 Class A distribution facilities and is 97 percent occupied.
The assets included in the portfolio are:
• 2801 Airwest and Plainfield Distribution Center, Indianapolis, Indiana; 1.2 million sq. ft.
• Fermi Drive Industrial, Vallejo-Fairfield, California; 607,208 sq. ft.
• 260 Pioneer, 280 Pioneer, Sacramento, California; 520,800 sq. ft.
• Stateline Bldg F, Stateline Bldg H, Chickasaw Bldg D, Chickasaw Bldg G, Memphis, Tennessee; 2.5 million sq. ft.
• Trade Avenue, Dallas, Texas; 527,100 sq. ft.
• Port Union A, Port Union H, Cummins Distribution Center, Cincinnati, Ohio; 1.4 million sq. ft.
• Interstate South Bldg 4 and Clorox BTS, Atlanta, Georgia; 1.8 million sq. ft.
• TBC Distribution Center, Charleston, South Carolina; 1.1 million sq. ft.
• GE Distribution Center, Jacksonville, Florida; 469,830 sq. ft.
Major tenants include Rite Aid, Clorox Manufacturing Co. and Whirlpool.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue). The company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
