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Combined with a new Fedex plant in Detroit, Box added 4 new acquisitions in the fourth quarter
NEW YORK – (BUSINESS WIRE) – Box Equities, a real estate investment group specializing in the industrial consumer goods sector, today announced the acquisition of a Rivian distribution center in Normal, in the Illinois. Amazon-backed EV startup Rivian (NASDAQ: RIVN) recently went public in one of the largest IPOs to date. Box further announced the acquisition of a Fedex plant located in Detroit, MI, as well as additional property in Dublin, GA. These three new acquisitions, along with the recent Hanesbrands distribution facility, added 4 new acquisitions to Box’s portfolio in the fourth quarter alone.
Box’s investment strategy is focused on purchasing commercial properties in markets with loyal labor pools, allowing the Company to be well positioned to meet the increased demand for distribution centers and distribution as well as the current labor shortage.
“Rivian’s commitment to EV and its recent massive IPO make it one of the most exciting new companies today,” said Haim Dabah, President of Box Equities. “We are delighted that Rivian is now a tenant of Box Equities and we look forward to being part of their future success story. ”
“We are delighted to add Rivian, Fedex and Hanesbrands to our tenant list this quarter,” said Mac Dabah, Managing Director of Box Equities. “The new Dublin facility expands our existing presence in this market, where we have worked closely with the Economic Development Authority to help create new employment opportunities. We continue to work with local communities to offer our deep expertise in commercial real estate and logistics to help them optimize their employment opportunities.
The four co-founders of Box Equities are retail and real estate veterans Haim Dabah, Mac Dabah, Ori Schwartz and Michael Dabah. Their combined expertise at the intersection of retail, logistics and real estate uniquely positions Box Equities to help retailers unlock cash and improve their balance sheets in a variety of ways, including through rental solutions. creative.
About Box Equities
Box Equities helps retailers streamline their real estate to improve liquidity and profitability. President Haim Dabah, a 40-year-old retail veteran, has extensive experience building and marketing digital native brands. Dabah in 2007 sold Regatta to the then Hong Kong-based global supply chain conglomerate Li & Fung for $ 20 billion. His son, Mac Dabah, Co-Founder and Managing Director of Box Equities, is a seasoned commercial real estate investor with extensive logistics experience. Ori Schwartz, Co-Founder and Director of Acquisitions, is a seasoned real estate investment manager with a deep understanding of the e-commerce landscape. transactions.
Berns Communication Group
Source: Box Equities