Box Equities, the New York-based
investment group operated by fashion entrepreneur Haim Dabah, has acquired a
Rivian Distribution Center in Normal, Illinois.
Rivian, the Amazon-backed EV
start-up, recently went public in one of the biggest IPOs to date.
Box further announced the acquisition of a Fedex facility located in Detroit, MI, as well as an additional property in Dublin, GA.
The three new acquisitions,
together with the recent Hanesbrands Distribution facility, have added four new
acquisitions to Box’s portfolio in Q4 alone.
Dabah founded Box Equities
last summer along with sons Mac and Michael and investor Ori Schwartz, with an
investment strategy focused on purchasing commercial properties in markets with
loyal labor pools, allowing the company to be well positioned to address the
increased demand for distribution and fulfillment centers as well as the
current labor shortage.
“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
“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
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