TA Realty buys vacant industrial building in Lancaster for $23 75M - Philadelphia Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
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Private equity firms have poured money into e-commerce deals, lured by the potential for big exits and recurring revenue.
Notable deals include Blackstone s real estate buys and Rockbridge Growth Equity s acquisition of Quartile Digital.
Insider identified 10 PE firms that are top investors in the sector.
E-commerce companies have benefitted as people shop from home during the pandemic, and private equity is taking notice.
E-commerce M&A grew 50% between 2019 and 2020 with private equity representing 34% of deals (up from 31% in 2019 and 26% in 2018), according to Pitchbook data pulled by investment bank JEGI Clarity.
KKR buys Boynton Beach industrial buildings from High Ridge Logistics Properties bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
CBRE announced today the $21.95 million sale of 3254 N. Mill Road in Vineland, New Jersey, a fully leased 269,500 s/f regional distribution center located in Cumberland County.
The CBRE National Partners’ team comprised of Michael Hines, Brian Fiumara, Brad Ruppel and Lauren Dawicki led the marketing efforts and represented the seller, Vineland Construction, in the transaction. The buyer was High Street Logistics Properties, a Massachusetts-based private equity firm. “This property offers superior regional access from Baltimore to Boston and direct access to the Philadelphia and Southern New Jersey MSAs,” said Hines. “Leased to high quality tenants at below market rates with average remaining terms of less than three years, the property offers significant upside potential for the new owners.”
450 West 31st Street, New York, NY 10001 Phone: 212-260-1332
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