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Through a creative and disciplined approach to acquisitions and property-level execution, Lightstone continues strategically expanding its holdings in the logistics sector as the global economy’s reliance on the supply chain sizzles in an e-commerce driven world. In the second half of 2020 alone, Lightstone added over 1.6 million square feet to its portfolio in three prime last mile locations within major distribution hubs. Lightstone is able to capitalize on its multidisciplinary team to think opportunistically and generate exceptional risk-adjusted returns in a hot property segment.
- Purchase Price
- Asset Subtypes
- Core Strategy
- Core+ Strategy
- Value-Add Strategy
- Deal Features We Love
Coast to coast, top 50 &/or high growth
Urban & suburban (no rural)
Within 35 miles of nearest CBD
In fill focused, near logistics infrastructure
Distribution, warehouse, last mile, industrial parking, truck terminal
Flex, manufacturing, showroom, cold storage (ideally convertible to primary type)
30%+ office, rural location
Stable cash flow w ith t erm , sticky tenancy
5.75 % + going-in cap rate
Class B & C
Some cash flow w ith upside via near term roll or hidden upside
Class A, B & C
No cash flow but immediate upside via lease up redevelopment or other
Class A & B
Off-market, special situations/quick close, excess land, below market rents, underutilized, site/building, great building or location, bad tenancy, ability to subdivide & boost rents
Harrison Distribution Center
Lightstone purchased Harrison Distribution Center in Harrison, OH in June of 2020. The 580,000 square-foot regional distribution center is 100% occupied and features 32-foot clear heights, ample loading and parking, wide column spacing, and immediate highway access.
Garland Industrial Park
Lightstone purchased Garland Industrial Park in Garland, TX in October of 2020. The 650,000 square-foot last mile facility is 100% occupied by five logistics users. The property is situated on 47 infill acres and features 40-foot clear heights, excellent access to greater DFW, and hundreds of truck/trailer parking spaces.
Charlotte Logistics Center
Lightstone purchased Charlotte Logistics Center in Charlotte, NC in October of 2020. The 400,000 square-foot newly constructed Class A facility features state of the art clear heights, loading and column spacing, and is in immediate proximity to the airport and a massive new Amazon robotics fulfillment center.
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• In the second half of 2020 alone, Lightstone added over 2 million square feet to its portfolio in three prime last-mile locations within major U.S. distribution hub cities.
• Lightstone has a dedicated team of 15 investment professionals focused on executing predominately off-market transactions.
• Active asset management and accretive lease-up strategy partnering in-house asset management with third-party experts.
• Extensive relationships and track record amongst the lending community to arrange for optimal financing structures.
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