While many companies are in a holding pattern, this is creating a buildup of latent demand that may rapidly reshape the market once conditions stabilize.
The Teacher Retirement System of Texas has already pledged $225 million toward the fund. The strategy will focus on acquiring logistics assets in primary, gateway, and select secondary markets where supply is limited and current in-place rents are below market rates.
The site is approved for development of a 741,837-square-foot industrial park consisting of six buildings, with individual structures ranging in size from 62,924 to 150,549 square feet.