By AZRE | AZ Big Media
Creation RE, a fast-growing real estate investment and development firm headquartered in Phoenix, and institutional investors advised by J.P. Morgan Global Alternatives announced today a joint venture that will invest $1 billion in industrial, warehouse and logistics real estate projects across four states.
The partners will capitalize and develop seven projects, three of which have already closed and four that are in the pipeline, totaling approximately five million square feet in Newark, N.J.; Melville, N.Y.; Islandia, N.Y.; Fort Worth, Texas; and Chandler, Gilbert and Phoenix, Ariz.