Better late than never: as the industrial real estate sector continues to boom, Velocis is getting in on the action. The Dallas-based private equity firm, which specializes in real estate investments, has acquired two development sites in the Dallas-Fort Worth area, according to Commercial Property Executive. Velocis has teamed up with the U.S. subsidiary of Japanese mega-conglomerate Sumitomo Corp. to close on a pair of properties which will comprise 850,000 square feet of industrial space. The post PE firm Velocis snaps up a pair of Dallas-area industrial sites appeared first on The Real Deal New York.
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