Sep 2026
Investcorp, a leading global alternative investment firm, today announced that it has acquired an industrial portfolio spanning the Philadelphia and Nashville markets for a gross transaction value of over $225 million. The firm has also completed the liquidation of a large multi-city industrial portfolio following the sale of the final properties in Chicago, at an aggregate sale price of over $550 million.
Acquisition furthers Investcorp’s U.S. industrial strategy
The acquisitions in Philadelphia and Nashville bolster Investcorp’s strategy to pursue well-located, infill light industrial product in leading U.S. industrial markets with strong supply-demand fundamentals. The portfolio comprises 22 buildings totaling approximately 1.2 million square feet, including 20 buildings in Philadelphia encompassing approximately 960,000 square feet and two buildings in Nashville totaling approximately 220,000 square feet. As of August 2026, the portfolio had an average occupancy of 94% and more than 60 tenants.
Philadelphia and Nashville are both high conviction U.S. markets supported by durable demand drivers. Philadelphia is one of the United States’ most economically diverse regions with a knowledge economy centered on education, healthcare, and professional services. Nashville is one of the fastest growing metropolitan areas in the country and has emerged as a key Southeast logistics hub supported by strong population growth and strategic interstate connectivity.
Liquidation marks exit of multi-city industrial portfolio
The liquidated portfolio comprised assets across the Chicago, Dallas, and Charlotte markets totaling approximately 5.8 million square feet. The portfolio was acquired based on the strength of its underlying markets, infill locations, and attractive growth prospects supported by strong population and economic expansion.
The successful liquidation of the portfolio affirms Investcorp’s conviction in the long-term fundamentals of the U.S. industrial sector.
Herb Myers, Global Head of Real Assets at Investcorp, said: “With domestic industrial expansion being driven by government incentives, infrastructure investment and the reshoring of manufacturing, we remain confident in the long-term strength of the asset class. We continue to focus on identifying high-quality assets in attractive markets, enhancing their value through active management and delivering strong outcomes for investors.”
Alex Bennett, Co-Head of U.S. Commercial Acquisitions at Investcorp, added: “The Philadelphia and Nashville acquisition expands our presence in two high-conviction industrial markets characterized by strong logistics infrastructure, diversified economies and sustained occupier demand. These investments reflect our disciplined approach to acquiring highly functional assets with quality tenants in fundamentally strong markets and build on our established track record across the U.S. industrial sector.”
Heather Mutterperl, Head of U.S. Commercial Asset Management at Investcorp, commented: “The successful liquidation of the multi-city industrial portfolio demonstrates our ability to identify attractive investment opportunities, execute a disciplined asset management strategy and achieve successful exits on behalf of our investors. Despite a challenging macroeconomic environment, the team remained proactive and focused, underscoring our commitment to delivering value throughout the ownership period.”
The acquisitions and the liquidation were completed by Investcorp’s United States real estate team, which is headquartered in New York. The team currently oversees more than $10 billion in U.S. real estate AUM, including more than $6 billion across the industrial sector, spanning approximately 42 million square feet. Investcorp is among the top five largest cross-border buyers of U.S. real estate over the past five years, according to Real Capital Analytics, with industrial and residential assets comprising approximately 99% of the firm’s U.S. real estate portfolio. In 2026, the firm’s real assets team ranked #44 on PERE’s annual PERE 100 list, one of the industry’s most prominent rankings of real estate equity investment managers.