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ABU DHABI/WAM
Investcorp Capital (ICAP), an Abu Dhabi Securities Exchange (ADX) listed alternative investment company founded by the Investcorp Holdings B.S.C. (c ) group (Investcorp), today announced the acquisition of a diversified US industrial real estate portfolio with an aggregate value of more than $200 million, comprised of 19 industrial properties totaling approximately 1.4 million square feet across Dallas–Fort Worth, Chicago, Indianapolis and Cincinnati.
The portfolio is approximately 97 percent occupied and leased to a diversified tenant base spanning light manufacturing, logistics, wholesale distribution, industrial services and consumer-related businesses.
The assets include: 13 buildings spanning approximately 1 million square feet in Dallas-Fort Worth, Texas; four properties totaling approximately 286,000 square feet in Chicago, Illinois; one property comprising approximately 130,000 square feet in Indianapolis, Indiana; and one fully occupied 44,000-square-foot property in Cincinnati, Ohio.