Ivanhoé Cambridge Acquires Evergreen Industrial Properties from TPG Real Estate
Ivanhoé Cambridge, the real estate unit of CDPQ, finalized the acquisition of Evergreen Industrial Properties from TPG Real Estate, part of TPG. Evergreen Industrial Properties owns and operates a portfolio of more than 150 properties, comprising approximately 16 million square feet across 18 major markets. These markets include cities such as Dallas, Seattle, Charlotte and Atlanta. The company focuses on infill and multi-tenant assets of less than 250,000 square feet in expanding metro areas. Various media outlets estimate the deal at roughly US$ 1 billion.
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