Box Equities, a real estate investment group focused on the consumer goods industrial sector, has acquired Rivian distribution center in Normal, Illinois. Box additionally announced the purchase of a Fedex facility in Detroit, another property in Dublin, GA, and a Hanesbrands distribution facility.
The investment furthers Box’s strategy of purchasing commercial properties in markets with strong labor pools in order to address distribution and fulfillment demand. The deal follows Rivian going public with one of the biggest IPO’s to date.
“Rivian’s commitment to EV and their recent massive IPO make them one of the most exciting new companies today,” said Haim Dabah, chairman of Box Equities. “We are thrilled that Rivian is now a Box Equities tenant and look forward to being a part of their future success story.”
“We are pleased to add Rivian, Fedex, & Hanesbrands to our tenant roster this quarter, said Mac Dabah, managing director of Box Equities. “The new Dublin facility expands our existing footprint in that market, where we worked closely with the local economic development authority to help create new job opportunities. We continue working with local communities to offer our deep expertise in commercial real estate and logistics to help them optimize their employment opportunities.”