DRA Advisors Nabs $1B-Plus Industrial PortfolioBy
New York—In a deal worth a little over $1 billion, DRA Advisors LLC has acquired, on behalf of its funds, a 19.8 million-square-foot industrial portfolio sold by private equity real estate firm Cabot Properties Inc. of Boston. Eastdil Secured and Cushman & Wakefield represented Cabot Properties.
The portfolio is diversified across 21 markets throughout the United States, including major industrial hubs such as Dallas, Chicago, Columbus, Houston and Atlanta. Its 184 properties are 94 percent leased overall to more than 500 tenants.
“We are enthusiastic about the investment potential of this portfolio and the ability to extend our national industrial footprint to over 45 million square feet,” David Luski, president of DRA Advisors, said in a prepared statement…
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