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Lingerfelt And Partners Group Acquire 1.2 Million Square-Foot Class A Industrial Logistics And Distribution Portfolio In Richmond, Va

PRIVATEMar 17, 2023

Acquiring Company

Partners Group

Acquired Company

Distribution

BaarRichmondGermanyInformation TechnologyHardwareSoftwareInternet ServicesReal EstateReal Estate InvestmentCommercial Real Estate

Description

LINGERFELT announced today that it closed on a $105.6 million acquisition of Northlake and Walthall Distribution Centers in a joint venture with Partners Group, a leading global private markets firm acting on behalf of its clients. The portfolio includes four Class A multi-tenant logistics facilities totaling 1,161,716 square feet in the Richmond, Virginia MSA. The facilities are 100% leased to a total of 18 diversified tenants including major, creditworthy multinational firms.

Quick answer

Partners Group and Lingerfelt are acquiring Distribution and 1.2 Million Square-Foot Class A Industrial Logistics Portfolio, announced March 17, 2023. Partners Group is based in Baar, Zug, Switzerland.

How much did Partners Group pay for Distribution?
The deal value was not disclosed.
What does Partners Group do?
PGHN). For more information, please visit www.partnersgroup.com or follow us on LinkedIn or Twitter.
Where are Partners Group and Distribution based?
Partners Group is based in Baar, Zug, Switzerland. Distribution is based in Germany.
Who are the decision-makers at Partners Group?
Fundz holds 1 contact at Partners Group. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Partners Group

Location

Baar, Zug, Switzerland

About

PGHN). For more information, please visit www.partnersgroup.com or follow us on LinkedIn or Twitter.

Company

Lingerfelt

Location

Richmond, Virginia, United States

About

LINGERFELT is a vertically integrated real estate investment and asset management company investing and developing throughout the Mid-Atlantic and Southeast. Together with its predecessors, LINGERFELT has maintained a reputation of quality and excellence in the commercial real estate industry dating back to 1957. LINGERFELT and its partners have built, acquired, and managed over 25 million square feet of commercial real estate valued at approximately $3 billion across the Mid-Atlantic and Southeast. To learn more, visit www.lingerfelt.co.

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Frequently asked

Who acquired Distribution?

Distribution was acquired by Partners Group, based in Baar. The deal was reported on March 17, 2023. PGHN). For more information, please visit www.partnersgroup.com or follow us on LinkedIn or Twitter. Partners Group is privately held and operates in Information Technology.

When did Partners Group acquire Distribution?

Partners Group's acquisition of Distribution was reported on March 17, 2023. LINGERFELT announced today that it closed on a $105.6 million acquisition of Northlake and Walthall Distribution Centers in a joint venture with Partners Group, a leading global private markets firm acting on behalf of its clients. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Distribution do?

Ihr Partner in Sachen IT-Distribution: Hardware & Software für Ihre IT-Security ✓ Digitale Schule ✓ SCHUL-IT ✓ Digital Signage ✓ ThinClients ✓ It is privately held, and is based in Germany.

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