AIC Ventures Seals Sale of Elkhart Facility
Deal News | Dec 13, 2024 | AIC Ventures LP
AIC Ventures LP, through its AIC Industrial arm, has made significant moves within the industrial real estate market. The company has sold a substantial 132,000 square foot industrial facility located in Elkhart, Indiana, to a private real estate investor. Concurrently, AIC Industrial has expanded its holdings by acquiring a new 85,000 square foot industrial property in Columbia, South Carolina. This newly acquired facility is tenanted by a leading print and direct mail advertising company, enhancing AIC's strategic portfolio positioning. These transactions underline AIC Ventures’ active participation and strategic maneuvering within the industrial real estate sector.
Sectors
- Real Estate
- Industrial
- Advertising
Geography
- United States – The real estate transactions occurred in Elkhart, Indiana, and Columbia, South Carolina.
- Indiana – The sale of the industrial facility took place in Elkhart, Indiana.
- South Carolina – The acquisition of the industrial facility occurred in Columbia, South Carolina.
Industry
- Real Estate – The article focuses on the buying and selling of industrial real estate properties, highlighting strategic maneuvers within this sector.
- Industrial – The properties involved are industrial facilities, indicating the focus on industrial real estate management and investment.
- Advertising – The tenant of the newly acquired property operates in the print and direct mail advertising sector, relevant to the industrial use of the facility.
Financials
- 132,000 sqft – Size of the industrial facility sold in Elkhart, Indiana.
- 85,000 sqft – Size of the industrial facility acquired in Columbia, South Carolina.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AIC Ventures LP | Private Equity Firm | Company | A private equity firm specializing in real estate investments and management. |
| AIC Industrial | Real Estate Developer/Manager | Company | A subsidiary or associated entity under AIC Ventures focused on industrial real estate properties. |
| Private Real Estate Investor | Buyer | Company | The entity that purchased the industrial facility in Elkhart, Indiana. |
| Tenant in Columbia | Tenant | Company | A leader in print and direct mail advertising occupying the acquired facility in Columbia, South Carolina. |