NEW YORK, Dec. 15, 2021 /PRNewswire/ -- Tishman Speyer, one of the world's leading
developers, owners, operators and asset managers of first-class
real estate, today announced the acquisition of two "middle mile"
distribution centers in Colorado
and Pennsylvania.
Tishman Speyer, Hana Financial
Group (HFG), and Vestas Investment Management (Vestas) purchased
the facilities, both of which are 100 percent leased, from SunCap
Property Group, the developer of the properties. The portfolio
acquisition is the first by Tishman
Speyer and Hana Financial Group (HFG) as part of a new
$500 million co-investment vehicle
targeting a diversity of asset classes and global markets.
As part of the portfolio transaction, Tishman Speyer, HFG, and Vestas acquired a
279,000 square-foot Class A industrial property located at 4333
Integration Loop in Colorado
Springs. It is located approximately three miles from the
Colorado Springs Airport.
The second Class A industrial facility is located at 17 William
Drive in the Imperial neighborhood
of Allegheny County. Completed in
2021, the 278,000 square-foot distribution and sorting center is
situated approximately five miles from Pittsburgh International
Airport.
4333 Integration Loop and 17 William Drive are the first
properties that will be owned and operated through Tishman Speyer's newly formed industrial
properties platform.
"The launch of our new industrial property platform represents
another milestone in the ongoing growth of our diversified global
platform," said Tishman Speyer
President and CEO Rob
Speyer. "We and our investment partners at Hana and Vestas were drawn to these assets for
their strategic locations, strong in-place leases, and quality of
construction. These distribution centers also have flexibility to
accommodate a wide range of tenants and industries throughout their
lifespans."
About Tishman Speyer
(www.tishmanspeyer.com)
Tishman
Speyer is a leading owner, developer, operator and
investment manager of first-class real estate in 28 key markets
across the United States,
Europe, Asia and Latin
America. We develop, build and manage premier office,
residential and retail spaces for industry-leading tenants, as well
as state-of-the-art life science centers through our Breakthrough
Properties venture. With global vision, on-the-ground expertise and
a personalized approach, we are unparalleled in our ability to
foster innovation, quickly adapt to global and local trends and
proactively anticipate our customers' evolving needs. By
focusing on health and wellness, enlightened placemaking and
customer-focused initiatives such as our tenant amenities platform,
ZO., and our flexible space and co-working brand, Studio, we tend
not just to our physical buildings, but to the people who inhabit
them on a daily basis. Since our inception in 1978, Tishman Speyer has acquired, developed, and
operated 453 properties, totaling 210 million square feet, with a
combined value of approximately $113
billion (U.S.). Our current portfolio includes such iconic
assets as Rockefeller Center in New York
City, The Springs in
Shanghai, TaunusTurm in
Frankfurt and the Mission Rock
neighborhood currently being realized in San Francisco.
About Hana Financial Group
Hana Financial Group was
established in 1971 in Seoul, South
Korea, where it maintains its global headquarters.
Today, HFG employs approximately 22,000 people and operates more
than 1,000 branches with assets under management of more than
$390 billion
About Vestas Investment Management
(www.vestasinvest.com)
Vestas Investment Management, founded
in 2010, is a Korean asset management company specializing in Korea
and international real estate managed by industry experts that have
acquired professional experience and insight from leading global
real estate companies, private equity firms, accounting firms and
real estate investment advisory firms. As of November 2021, Vestas's global asset under
management (AUM) measures up to approximately USD 6.4 billion, placing us within Korea's top
real estate fund management companies. About 90% of the Vestas's
AUM consist of international investment, and despite the COVID-19
situation, it has made the second-largest international investment
transactions in Korea as of 2020. Our major current portfolio
includes such as Summit Office in Bellevue, Southern Towers Multifamily in
Alexandria, DSV logistics building
in Copenhagen, 125 Shaftesbury
Office in London, and Safeco Plaza
is currently being realized in Seattle.
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SOURCE Tishman Speyer