– David Steinberg
NEW YORK, NEW YORK, United States, August 18, 2021 /EINPresswire.com/ – Foundation Capital Partners (“FCP”), a New York-headquartered real estate investment management firm with offices in Miami, today announced the closing of a strategic investment in Wired kitchens, a ghost kitchen startup, to develop a national last mile food and beverage delivery logistics platform. The facilities will provide the best real estate, technological and logistical spaces for food and beverage delivery users.
Wired Kitchens’ first two logistics facilities will be located in Chicago and Miami. Each of the facilities will provide a mix of ghost kitchens and food and drink-focused logistics spaces to serve as distribution centers for last mile deliveries. The investment underscores FCP’s continued focus on logistics and other disruptive real estate investment opportunities.
“Before Covid, the food delivery space certainly had favorable winds, but the pandemic only accelerated its growth and demand for specialized logistics space,” said David Steinberg, Managing Partner at Foundation Capital Partners . “Wired Kitchens is a perfect example of our strategy to pursue industrial / logistics assets that focus on the e-commerce needs of rapidly growing consumer populations. “
FCP expects the Chicago and Miami Wired Kitchens facilities to open in the coming year and plans to continue its nationwide expansion into dense urban markets. FCP will provide Wired Kitchens with its expertise in the acquisition, development and leasing of real estate.
About Foundation Capital Partners
Foundation Capital Partners, with offices in New York and Miami, is an investment management firm focused on obtaining opportunistic returns by pursuing a dedicated real estate strategy across the United States. All of the company’s opportunities fit into its three-theme investment approach: Distressed, Special Situations or Disruptive. For more information, please visit www.fondationcapital.us.
Video on wired kitchens