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24 October 2017
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Ivanhoe Cambridge acquires Evergreen

17 July 17 - Irene Theofanidou
Ivanhoe Cambridge acquires Evergreen

DEALS

DATE BUYER SELLER
19 October 17 Pacific Castle Shopcore
17 October 17 Credit Suisse Asset Management Legal & General capital

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ETAD.A.E.

Public entity - GREECE

GAIAOSE S.A.

Agency - GREECE

ΕΡΡΙΚΟΣ ΑΡΩΝΕΣ

Investment - GREECE

PEOPLE

Ivanhoé Cambridge announced today that it has completed the acquisition of Evergreen Industrial Properties ("Evergreen" or the "company") from TPG Real Estate.

 

Financial terms of the transaction were not disclosed.  Evergreen is a U.S. light industrial real estate specialist that owns and operates a portfolio of more than 150 properties, comprising approximately 16 million ft2 (1,486,000 m2) across 18 major markets.

In addition to high-growth markets such as Seattle, Denver, and Charlotte, the company has a significant presence in major distribution markets, including Atlanta, Chicago, and Dallas.

Evergreen's facilities offer strategic infill locations to distribution, e-commerce, and light manufacturing customers with a focus on "last mile" distribution. 

Evergreen focuses on infill, multi-tenant assets of less than 250,000 ft2 (23 225 m2) in locations that are well-positioned to serve the needs of last-mile users in growing metropolitan centers.

By leveraging local relationships and market expertise, Evergreen has successfully established a track record of acquiring assets through both single-property and portfolio transactions.

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