PHILADELPHIA, July 30,
2024 /PRNewswire/ -- GID, the US-based real
estate investment and management firm with over $29 billion in assets under
management1, announced today the acquisition of 8290
National Highway, a 111,400+ sq ft industrial building located just
outside Philadelphia in
Camden County, NJ.
The building is in close proximity to both I-95 and I-295,
providing easy access to Philadelphia and the Northeast corridor. The
building can accommodate one or two tenants and features 20-foot
clear heights, one drive-in door, and 15 dock-high doors.
GID Industrial plans to complete significant renovations to the
now vacant building.
To learn more about GID Industrial, visit
gid.com/industrial.
About GID
GID is a privately-held,
vertically-integrated real estate company that owns, operates,
and/or manages a portfolio of multifamily and industrial assets,
and develops mixed-use projects across the United States. The company also operates a
credit platform that aims to provide commercial real estate debt
solutions for institutional borrowers. With corporate offices in
Atlanta, Boston, Dallas, Dubai, New
York and San Francisco, GID
is an experienced real estate private equity investor and manager
supported by an integrated operating platform and has 60+ years of
experience across multiple asset classes.
GID Industrial comprises a team of experienced investment
professionals operating, managing, and/or developing approximately
25.0 million square feet across 231 properties and 22 markets as of
March 31, 2024.
1Assets Under Management is calculated in compliance
with the definition for Assets Under Management ("AUM") prescribed
in INREV's Global Definitions Database. GID's AUM includes capital
for which GID provides oversight and investment management services
in the funds as well as proprietary accounts, joint ventures, and
accounts for which GID provides asset management services without
an equity investment ("Other GID Accounts"). Other GID Accounts are
not considered "securities portfolios" or "private funds" for
purposes of the Advisers Act and are not included in the regulatory
assets under management reported in Form ADV Part 1A or Part 2A. As
of December 31, 2023, the firm's
regulatory assets under management totaled $3.8b and include 10,312 multifamily units,
1.4M industrial square feet, and 106
supervised employees.
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SOURCE GID Real Estate