Outrigger Industrial Completes Two Buildings Totaling More Than 400,000 Square Feet
January 13, 2025
Outrigger Industrial Completes First Building At 99 Central Logics Center In Tulare, CA
January 28, 2025
The Investment Is The First for the Company In The Region
Bear, DE – January 23, 2025 Outrigger Industrial, in partnership with external investment firms, has recently finalized the acquisition of a two-building property located at 100 and 300 D and S Lane in Bear, Delaware. The purchase marks the first investment for Outrigger Industrial in the region.
“Our interest in the property was driven by strong market fundamentals, very low vacancy in small bay product along with upward mobility in rates due to robust tenant demand and a shortage of new development projects in the pipeline,” said Scott Henderson, Senior Vice President & Northeast Market Officer. “With the buildings fully-leased, the purchase aligned perfectly with Outrigger Industrial’s strategy to expand its footprint in the distribution and logistics sector by targeting assets that combine market demand and long-term tenant stability.”
The acquired site spans 8 acres featuring an 85,000 square-foot building and a 40,000 square-foot building each offering 20-22’ clear heights and ESFR sprinkler systems. The site is conveniently located a few miles from direct access to I-95 and Pencader Industrial Park.
“Our Northeast team did an exceptional job leveraging their regional knowledge and relationships to find an opportunity that aligns perfectly with Outrigger’s national strategy.” said Steve Rowley, Co-Founder & Managing Partner.
Currently, the property is fully leased to one tenant.
About Outrigger Industrial, LLC:
Outrigger Industrial, LLC is a joint venture partnership between co-owners and managing members of PTLR, LLC (Podboy, Trinkle, Lu, and Rowley) and co-owners and investment firms Davidson Kempner Capital Management and Monarch Alternative Capital. Outrigger Industrial is strategically designed to invest in and develop industrial opportunities including ground-up development and value-add projects across the United States. The company is focused on infill and other high barriers to entry submarkets in major cities which exhibit strong macroeconomic and real estate fundamentals. Outrigger Industrial has offices in Chicago, Los Angeles, Houston, Atlanta, Philadelphia, and Columbus. For more information, please visit www.outriggerindustrial.com.
Outrigger Industrial Media Contacts:
Northeast:
Steve Rowley, Co-Founder & Managing Partner
770-880-6075
