Mubasher: Leading global provider Investcorp has acquired $800 million portfolio consisting of 126 industrial properties in the US, according to a company statement released on Thursday.

Spanning 10.2 million square feet, the acquired properties include a 91.5% leased Class A and B warehouse, distribution, and light manufacturing/research, and development buildings across logistics, e-commerce, industrial chemicals, and food services industries.

“This milestone demonstrates our confidence in the US market, our team’s prowess in identifying attractive investment opportunities with strong underlying fundamentals, and our ability to deploy greater capital behind our convictions,” executive chairman of Investcorp Mohammed Alardhi said.

The newly acquired properties are located in Atlanta, Georgia; Chicago, Illinois; Dallas, Texas; Charlotte, North Carolina, and Memphis, Tennessee.

“We have carefully assembled a robust industrial real estate portfolio of strategically-located assets in key markets. The opportunity to acquire these properties is consistent with our established criteria for real estate investments,” managing director in real estate investment at Investcorp, Babak Sultani, commented.