About Us
Who We Are
Covington Group, Inc.
Covington Group, Inc. (“CGI” or “Covington”) is a privately owned, fully integrated real estate investment company specializing in the redevelopment and repositioning of industrial assets.
For over 35 years, Covington has employed an adaptive, entrepreneurial approach to commercial real estate investment that has consistently created value for our investors through multiple cycles and evolving market conditions.
History
With it's beginning in 1980, Covington has a broad range of experience that has led the business to its current, leading position in the marketplace. The common theme throughout the life cycle of the company is its adherence to the guiding principles that have endured. At Covington Group, we:
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Provide an enduring product for our tenants that allows them to offer a positive environment for their employees and increase productivity for their business
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Hire only the best people
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Always make the best decisions for our stakeholders, which often aren’t the easy ones.
Experience
Now in our second generation of management, and having executed 25 round trip investments that total nearly 10 million square feet of buildings and approximately 1,000 acres of land (since 2007), our experience and success make us uniquely qualified to execute on value-add opportunities within the current commercial real estate market.
Strategy
We invest in real estate at a cost-advantageous basis and create value for our investors by successfully repositioning assets, improving operational functionality and efficiently managing cash flow.
-Warehouse
-Bulk-Distribution
(Spec or 2nd generation)
-Industrial Buildings
-Manufacturing
-Building Conversions
(Class A or Class B product)
-Industrial Land
Property
Type
-Vacant Buildings
-Partially leased buildings with
leasing risk for balance
-Buildings with additional
land for expansion
-Buildings with ability to
be subdivided to meet
average local tenant size
-Environmentally
challenged buildings
-Buildings within multiple markets
-Sales/leaseback investments
(partially occupied or
short-term lease)
-Corporate surplus
-Industrial-zoned land in
path-of-growth markets
Transaction
Profile
Core &
Secondary
distribution markets
Geographic
Preference