Hines Global Income Trust Expands East Coast Industrial Holdings With $309 Million Acquisition

Hines Global Income Trust, associated with Hines Interests LP, has expanded its industrial portfolio with acquisitions totaling $309 million on the East Coast. The purchase includes a 2.5 million square foot property acquired from The Davis Companies, comprising fully-leased Class A facilities in Georgia and Massachusetts, and the I-85 Logistics Center in South Carolina. The Georgia International Trade Center and the I-85 Logistics are strategically located near major ports, bolstering their attractiveness. Meanwhile, Upton Crossing in Wilmington aligns well with Hines' strategy of pursuing valuable industrial space. Hines emphasizes local market expertise and strategic location in sustaining potential growth, as mentioned by Alfonso Munk, Co-Head of Investment Management. The acquisition strengthens HGIT's diversified portfolio, already heavily weighted in the industrial and living sectors and valued at $4.58 billion as of April 2025. Hines also highlighted the continuous demand within the Sunbelt region and such strategic positioning underlines their investment approach.