Investcorp Snags $250M Of Office Space In US Gateway Cities

Law360, New York (November 5, 2013, 12:45 PM EST) -- The real estate arm of Bahrain-based alternative investment firm Investcorp SA has purchased a portfolio of office and retail properties near Chicago, Los Angeles, Minneapolis and New York valued at $250 million, the firm announced Tuesday.

The deal is part of Investcorp's strategy of buying up high-quality properties in major cities experiencing marked economic growth. The firm focuses on properties that will provide immediate yields, though it holds on to them long-term, investing in renovations and other value-adds.

"We believe that these properties ... present an...
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