Announced
Financials
Tags
Pending
Private Equity
Real Estate Holding and Development
Friendly
United States
real estate development
Private
Domestic
Joint Venture
warehouse solutions
Single Bidder
Majority
Synopsis
Bain Capital, an American private investment firm, and Barber Partners, a commercial real estate developer, agreed to form a joint venture in a $500m deal. "Our team has successfully developed ground-up construction of commercial investment properties for a very long time, and we are experts at delivering first-class products to meet tenant/consumer demands. There is no question that there is an enormous need for new, modern cold storage facilities – even before Covid the consumption of prepared and frozen meals was rapidly on the rise," Patrick J. Barber, Barber Partners Chairman of the Board.
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