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KC industrial developer closes $1.5B funding round

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Kansas City-based industrial developer NorthPoint Development has closed its largest funding round to date.

The company raised $1.5 billion through the funding round. The initial target was $1 billion.

NorthPoint Development plans to use the funding to capitalize roughly $4 billion in U.S. industrial investments, according to Bisnow.

Read more from Bisnow.

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