Box Equities, a real estate investment group focused on the consumer goods industrial sector, has entered a joint venture with private equity firm, Artemis Real Estate Partners.

Artemis raised around $6 billion of capital across core, core plus, value-add and opportunistic strategies. The firm focuses on equity and debt investments in real estate across the country.

In addition, Box Equities has acquired a 500,000 square foot warehouse for its tenant, Hanesbrands. The purchase highlights Box Equities’ strategy of purchasing commercial properties in markets with loyal labor pools.

The firm now has 2.3 million square feet of industrial real estate in its portfolio. Box intends to respond to acute demand for distribution and fulfillment centers created by the Covid-19 pandemic.

“The current supply chain disruptions that we are seeing will continue into the foreseeable future,” said Haim Dabah, chairman of Box Equities. “Retailers and manufacturers today need a reliable and efficient labor force to move the products to consumers. By investing in areas with loyal labor pools, we are mitigating many of the problems that the logistics industry is currently experiencing.”