Alhamdulillah: Arcapita Concludes Sale of Major FedEx Facility in Texas
Assalamu Alaikum wa Rahmatullahi wa Barakatuh, dear brothers and sisters. Arcapita Group Holdings Limited, a worldwide alternative investment company, has recently completed the sale of its ARC US Industrial Portfolio VI - a top-tier industrial distribution center located in Dallas-Fort Worth, Texas. This facility is fully leased to Federal Express Corporation (FedEx) through a long-term, triple net lease. The buyer is Ares Management, a respected global alternative investment manager.
The property, covering 776,629 square feet, was purchased by Arcapita in January 2021 due to its strategic location close to major highways, intermodal rail terminals, and FedEx’s second-largest US distribution hub just 6 kilometers away. This center is a vital part of FedEx’s logistics network, benefiting from a dense population and strong local demand for industrial space.
Ahmed Al Shirawi, managing director and global head of Private Capital Group at Arcapita, shared: "This deal shows our careful approach to real estate investment and portfolio management. Our logistics plan focuses on vital assets in key distribution hubs. This sale is another important step in Arcapita’s US industrial real estate journey, supporting our belief in investing in resilient sectors within important US markets."
Recently, Arcapita has sold over $200 million worth of US industrial real estate. They also announced selling nine industrial properties totaling 1.5 million square feet in Indianapolis, Indiana, highlighting their skill in identifying, managing, and adding value to high-quality, income-producing assets despite the current economic climate.
May Allah grant success and barakah in all investments and efforts. Ameen.
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