Crow Holdings, Allianz Property Forge 6M-SF Industrial JV

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Dallas-based Crow Holdings has developed a joint endeavor with Allianz Real Estate via the straight sale of a 49% stake in a 19-asset, 6.1 million-square-foot U.S. commercial profile developed by Crow Holdings. Crow Holdings as well as Allianz Property plan to manage the profile to make the most of capital and long-lasting.

The 19 residential or commercial properties were built beginning in 2014. The portfolio is secured by Wild animals Business Park, an 11-building, 3.8 million-square-foot growth in Grand Grassy field, TX. The various other residential or commercial properties are situated in vital UNITED STATE markets including Chicago, Dallas, Houston and also Southern California.

“We are thrilled to companion with Allianz Real Estate, a top-tier global capitalist that shares our confidence in the UNITED STATE commercial property field,” said Crow Holdings Chief Executive Officer Michael Levy. “As a longstanding partner to Crow Holdings, we expect remaining to collaborate with them to optimize these possessions, which gain from the significant tailwinds of raising logistics demand.”

Pictured: Wild Animals Commerce Park.

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