Taconic Capital Advisors, Friedman Real Estate Acquire $46mm Industrial Portfolio
Summary
The four-property portfolio, located in Waterford, Michigan and Liverpool, New York, was purchased from Rite Aid Corporation as a structured sale-leaseback. and 4577 Buckley Road in Liverpool, New York; a 407,000-square-foot distribution center located at 5400 Perry Drive in Waterford, Michigan, and an 87,000-square-foot vacant industrial building at 7189 Henry Clay Blvd. Taconic’s full-service commercial real estate platform invests in all asset classes and across the capital structure in both public and private markets. The strategy’s broad mandate offers flexibility to capitalize on shifting market opportunities, creating uncorrelated risk-adjusted return profiles for investors. Rooted in distressed and opportunistic investing, the team applies high-touch asset management capabilities to drive strong asset-level performance and capital market executions.