AEW Acquires Industrial Portfolio in Texas

BOSTON, MA (July 12, 2019) – AEW is pleased to announce that it acquired a 28-building, three million square-foot industrial portfolio across Texas. The acquisition price was $248 million for the portfolio, and the properties are located in Dallas/Fort Worth, Houston, Austin, and San Antonio markets. The assets situated in well-established and mature submarkets with high barriers to entry, great access to major interstates, and strong tenancy. Due to the strong population growth, friendly business environment, robust economy and centralized Location, Texas contains some of the strongest industrial real estate fundamentals in the U.S., and the opportunity to acquire a diversified industrial portfolio on the scale of 2.9 million square feet at an attractive basis was a good fit for AEW.

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