Nov 17, 2015
Blame Canada: 26 San Antonio industrial properties purchased
SAN ANTONIO – Canadian Pension Plan Investment Board has acquired a 10.6 percent ownership interest in a nationwide portfolio of 722 warehouse, business park and light industrial assets. The properties total roughly 115 million...
SAN ANTONIO – Canadian Pension Plan Investment Board has acquired a 10.6 percent ownership interest in a nationwide portfolio of 722 warehouse, business park and light industrial assets. The properties total roughly 115 million sf, some 2.5 million of which are in San Antonio.
The 26 local properties include 4810 Eisenhauer Road, 9901 Broadway St., 202 Tayman St. and 5411 I-10 E.
Real Capital Analytics reports that roughly $94 million was allocated for the San Antonio portion of the portfolio. The entire portfolio was worth more than $8 billion.
The investment management organization formed a joint venture with Global Logistics Properties Limited and three other global institutional investors for the acquisition.
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