Colony Industrial Adds 1.1 Million Square Feet

Colony Industrial announced today it has acquired a portfolio of
properties in Northern NJ and added new properties in Baltimore, MD and
San Antonio, TX, increasing its industrial portfolio by 1.1 million
square feet. Colony Industrial is the light industrial platform of
Colony Capital, Inc. (NYSE: CLNY), a diversified global real estate
investment firm with $43 billion of assets under management.

Northern New Jersey

The acquisition of the Northern New Jersey Last Mile Logistics portfolio
was completed on June 21, 2018 by Colony Industrial and consists of 10
light industrial buildings that total 639,681 square feet. The portfolio
is strategically located along the I-95 and I-80 corridors, in four
industrial submarkets which provide convenient access to New York City
and the surrounding area.

“This is Colony Industrial’s first acquisition in Northern New Jersey, a
gateway market in high demand for last-mile warehouse logistics space
and with low vacancies,” said Lew Friedland, Managing Director at Colony
Capital and head of Colony Industrial. “These infill buildings that are
91% leased to 11 high-quality tenants are a great fit with our overall
portfolio and we look forward to future growth in this market.”

CBRE National Partners
Brian Fiumara, Michael Hines, Brad Ruppel, and Lauren Dawicki acted as
real estate brokers on the deal.

Preston Court, Baltimore, Maryland

On July 2, 2018 Colony Industrial acquired 8261 Preston Court,
Baltimore, MD in the strategically located Baltimore-Washington Corridor
industrial submarket, consisting of one building totaling 90,058 square
feet in a multibuilding industrial park. The building is currently

Commented Mr. Friedland, “The acquisition is Colony Industrial’s fifth
building within the industrial park and brings our total Baltimore
square footage to 2.9 million square feet. The redevelopment and
upgrades to our newest property have already begun and include the
addition of a 40,000-square-foot trailer parking lot, replacing HVAC and
upgrading the critical dock equipment, among many other improvements.
When the renovations are complete we expect the property to be leased

CBRE’s Robert Cashman and Jonathan Beard acted as real estate brokers on
the transaction.

Enterprise Industrial Park building III, San
Antonio, Texas

Colony Industrial acquired Enterprise Industrial Park building III in
San Antonio on June 28, 2018. The Class A light industrial building
totals 359,251 square feet and is located adjacent to Enterprise
Industrial Park buildings I and II that Colony Industrial acquired in
March 2018.

Mr. Friedland said, “We are excited to now own three buildings totaling
approximately 1 million square feet in the San Antonio market and with
an excellent location one mile from Interstate 35. We see the currently
vacant Enterprise building III as a significant value-add opportunity as
we lease up the space.”

Colony Industrial transacted directly with the seller, Robinson Weeks

About Colony Industrial

Headquartered in Dallas, TX, Colony Industrial is the industrial
platform of Colony Capital, Inc. The platform owns and manages 47.5
million square feet of warehouse buildings in 20 major markets across
the United States, with a gross asset value of more than $3.5 billion as
of June 30, 2018. Its diversified tenant base includes major national
B2B, B2C, wholesale and consumer businesses. For more information, visit

About Colony Capital, Inc.

Colony Capital, Inc. (NYSE: CLNY) is a leading global investment
management firm with assets under management of $43 billion. The company
manages capital on behalf of its stockholders, as well as institutional
and retail investors in private funds, non-traded and traded real estate
investment trusts and registered investment companies. Colony Capital
has significant holdings in: (a) the healthcare, industrial and
hospitality property sectors; (b) Colony Credit Real Estate, Inc. (NYSE:
CLNC) and NorthStar Realty Europe Corp. (NYSE: NRE), which are both
externally managed by subsidiaries of Colony Capital; and (c) various
other equity and debt investments. Colony Capital is headquartered in
Los Angeles with over 400 employees in offices located across 19 cities
in ten countries. For additional information regarding the Company and
its management and business, please refer to

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