8.11.22 | This week we recognized 2 capital-related transactions with a disclosed value of $3 Billion USD.
| Deal Size (Bn USD) | Capital Related Transactions |
| $3.0 | BG Capital Partners to Develop $3 Billion of Cold Storage Industrial Facilities for FreezPak |
| N/A | CenterPoint Sells Eight Property Industrial Portfolio to EQT Exeter |
| $3.0 | Total |
Summary of Transaction Headlines
ConnectCRE | “BG Capital Partners to Develop $3 Billion of Cold Storage Industrial Facilities for FreezPak”
BG Capital, a Philadelphia-based commercial real estate investment firm, has formed a new strategic real estate partnership with New Jersey based cold storage operator FreezPak Logistics to build and own more than 200 Million Cubic Feet of customized cold-storage industrial distribution facilities in port centric markets across the U.S. at more than $3 Billion in total asset value. The first project BG Capital plans to build will be in Philadelphia’s Port Richmond neighborhood later in the third quarter. FreezPak is taking a long-term triple-net lease for this building and the rest of the future builds.
ConnectCRE | “CenterPoint Sells Eight Property Industrial Portfolio to EQT Exeter”
JLL Capital Markets closed the sale of an eight-property, Class A industrial portfolio totaling 3,825,589 Square Feet of existing assets and 144 acres of land in Pleasant Prairie, WI and North Chicago, IL. The sellers were CenterPoint Properties and a confidential partner. EQT Exeter acquired the portfolio. The eight properties are fully leased to nine tenants and offer users benefits including 32’ average clear heights, ample loading and fully circulating truck courts. The portfolio also includes six land sites in Pleasant Prairie totaling 144 acres.
If you would like to learn more about the large platform events we are tracking, please reach out to David Stanford or John Seaton. If you would like to suggest a news or media outlet that should be considered, please contact us.
