Colony Financial Announces $1.6 Billion Acquisition of Cobalt Capital Industrial Real Estate

November 19, 2014

Willkie represents Colony Financial, Inc., a real estate investment and finance company, in its deal to acquire Cobalt Capital Partners and its highly diversified portfolio of 256 primarily light industrial assets.

On November 19, Willkie client Colony Financial, Inc. announced that it has entered into definitive agreements to acquire Cobalt Capital Partners and its highly diversified portfolio of 256 primarily light industrial assets for approximately $1.6 billion. The portfolio is leased to over 600 tenants and comprises over 30 million square feet across 16 major U.S. markets, with significant concentrations in Atlanta, Dallas and Chicago. Cobalt’s management team is being retained to run the day-to-day operations of the business, including acquisitions, asset and property management.  Colony Financial, Inc. is a real estate investment and finance company that is focused on acquiring, originating and managing a diversified portfolio of real estate-related debt and equity investments at attractive risk-adjusted returns.

The deal was handled by partners Adam Turteltaub, Thomas Cerabino, Thomas Mark, Thomas Henry, Jordan Messinger and Henry Cohn;  of counsel Daniel Backer and William Thomas and associates Marit Spekman, Adam Remo, Jennifer Coffey, Robert Larimore, Annise Maguire, Melisa Fischetti, Michael Gordon and Marc Palladino.