Arcapita has partnered with Weston, an Ohio-based real estate owner-operator.
Tuesday 13, November 2018 BY KUDAKWASHE MUZORIWA
Arcapita has acquired a seven-property industrial real estate portfolio in Cleveland, Ohio.
In a statement, Arcapita stated that its Cleveland portfolio comprises 655,000 square feet of high-quality industrial assets within the metropolitan area and is occupied by a diverse range of tenants operating in the logistics, technology and assembly space.
Arcapita has partnered with Weston, and Weston will maintain a joint-venture investment in the portfolio and will serve as the leasing and managing agent.
Atif A Abdulmalik, Arcapita’s CEO, said, “Expanding our US real estate footprint is a key pillar of our growth strategy.”