Hines Expands Space Coast Footprint with Titusville Logistics Center Acquisition

Hines, a global real estate investment manager, has acquired the Titusville Logistics Center, a 250,000-square-foot, Class A industrial property located in Florida's Space Coast. The property, acquired on behalf of Hines U.S. Property Partners fund, is fully leased to aerospace tenants, underscoring the growing demand for real estate in the space exploration sector. As one of the world's busiest rocket launch sites, the Space Coast requires mission-critical logistics to support its activities. The acquisition boosts HUSPP’s Gross Asset Value to over $2.5 billion, marking a 500% growth since its inception. Hines is also developing the Space Coast Innovation Park near the Titusville Logistics Center. The company's recent activities include acquisitions in Houston, California, and a new leasing in San Diego, diversifying their portfolio across high-conviction sectors including industrial and self-storage properties.