TradeLane Properties announced the final investor closing of its second industrial real estate fund with equity commitments totaling $400 million. When deployed at targeted leverage, this will provide TradeLane with additional investment capacity of approximately $1 billion.
Launched in January 2021, TradeLane Properties U.S. Industrial Fund II, LP (TLP Fund II) is a dedicated value-add investment vehicle focused on the Central U.S. markets of Chicago, Cincinnati, Columbus, Indianapolis, Louisville, Atlanta, and Dallas-Fort Worth.
Equity partners in TLP Fund II are comprised of a broad array of investor types, including university endowments, insurance companies, high net worth individuals, family offices, and financial advisors.
Building off the success of the TradeLane Properties Fund I (TLP Fund I) value-add strategy, TLP Fund II will continue to acquire, develop, redevelop, and manage logistics properties led by our experienced local Market Leaders and in-house property management, construction, finance, and accounting teams in several offices throughout the Central U.S.
Over the last two years since its founding by industrial real estate industry veterans John Gates, Jr. and Neil Doyle, TradeLane has deployed approximately $325 million in the acquisition, redevelopment, and management of 45 logistics facilities encompassing 5 million square feet serving over 140 customers.
TradeLane would like to thank Evercore Group, LLC and Greenberg Traurig, LLP for their successful efforts in the closing of TLP Fund II.
