Logistics Property Co. closes value-add joint venture with U.S. public pension fund
Type: Partnership · Technology: Industrial · Country: United States · Announced: 2026-09-15
Logistics Property Co. (LogiPropCo) closed a value-add joint venture with a large U.S. public pension fund, marking the company's third venture with institutional investors since its founding in 2018. The venture targets acquisitions of existing logistics properties in key U.S. markets, focusing on infill and bulk locations offering rehabilitation and redevelopment opportunities. LogiPropCo bolstered its team by hiring two senior acquisitions professionals, Mark Crawford and Joel Wicks, to lead the value-add effort across the East and West regions. The company previously closed a value-add property acquisition in 2025 at 572 West St. in Mansfield, Mass., an institutional-quality asset located at the intersection of Interstates 95 and 495 outside Boston. This new vehicle will benefit from LogiPropCo's singular focus on the U.S. industrial real estate market as they collectively acquire existing logistics assets and optimize property cash flows through operational and physical enhancements.
Counterparties
- Logistics Property Co. (LogiPropCo) (Partner)
- U.S. public pension fund (Partner)
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