Pete Briger Of Fortress Investment Group Acquires Industrial And Office Portfolio From Carol Tomé Of UPS For $368M

A four-building portfolio of industrial and office properties was sold by UPS to Fortress Investment Group for $368 million. The assets are located at 11991 Landon Drive, 3624 West Century Boulevard in Inglewood, California, as well as sites in Bensenville, Illinois, and Alpharetta, Georgia. The deal includes a sale-leaseback arrangement on at least one location. This transaction is part of UPS’s broader cost-cutting initiative in response to declining Amazon volumes and global trade uncertainty.

Summary of transaction details:

• Property Type: Industrial & Office
• Transaction Amount: $368,000,000
• Buyer: Pete Briger - Fortress Investment Group
• Seller: Carol Tomé - UPS
• Market: Eastvale & Inglewood, CA; Bensenville, IL; Alpharetta, GA

Key individuals involved in the transaction include Pete Briger, representing Fortress Investment Group, and Carol Tomé, representing UPS. The portfolio sale is a significant move within UPS's $3.5 billion cost-cutting plan that includes divesting over 70 facilities.