Even with several large-scale acquisitions behind it, the REIT plans to keep looking for more industrial portfolio acquisitions.
The private equity giant is in talks with prospective buyers, including Prologis.
Quiet Logistics, a robotic warehouse company owned partly by Related Cos., is looking for locations across the country.
The 37.6-million-sq.-ft. Industrial Property Trust portfolio is 96 percent leased.
Midsize tenants drive a significant portion of demand for industrial space in cities.
Availability of skilled labor and local tax incentives are some of the deciding factors for manufacturers’ site selection.