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Latest Atlanta & Southeast Industrial Stories
GE Appliances, a Haier company, has opened its $70 million state-of-the-art water heating manufacturing plant in Camden, SC. The plant will initially employ 140 people. During the construction and in preparation for launch, more than 50 team leaders and maintenance employees completed more than 5,700 hours of training in robotics, welding and mechatronics at nearby …
JLL has secured a 340,000-square-foot lease agreement with FedEx Ground at TIP West within Triangle Innovation Point. The 2,200-acre life sciences and advanced manufacturing and industrial park is in New Hill, NC, a submarket of Raleigh. Matt Winters and Al Williams of JLL handle marketing and leasing for the park on behalf of ownership, a …
Latest Boston & New England Industrial Stories
Hilco Redevelopment Partners and Integra LifeSciences have agreed that the medical technology company will occupy approximately 100,000 square feet of HRP’s newly redeveloped life science space at 400 Wood Road in Braintree, MA. The new space will be utilized for the manufacture of surgical reconstruction devices used in the treatment of areas such as hernia …
Newmark has completed the sale of Bellingham Distribution Center, a Class A industrial asset located in the suburban Boston community of Bellingham, MA. Robert Griffin, Edward Maher, Matthew Pullen, Tony Coskren, Brian Pinch and Samantha Hallowell of Newmark represented the seller, Barings, and procured the buyer, LaSalle Property Fund. Nickolas Revers of Newmark provided financial …
Latest California Industrial Stories
NAIOP SoCal honored the best of the best in commercial real estate during its first-ever Awards Gala, held May 12 in Santa Ana. The event, covering 20 unique categories, included two People’s Choice Awards voted on that evening for Developer of the Year, won by Duke Realty, and Deal of the Year, won by Newmark. …
Dornin Investment Group (DIG) has sold a pair of light industrial buildings for $22 million in a rarely traded section of Laguna Beach, CA. The assets, totaling just under 30,000 square feet are located on Laguna Canyon Road, just minutes from the city’s commercial district on the Pacific Ocean. The CBRE team of Anthony DeLorenzo, …
Latest Chicago & Midwest Industrial Stories
Bridge Industrial has formed an environmental, social, governance (ESG) program and is working with ESG consultancy firm Verdani Partners to ensure the smooth integration of the newly established program throughout the company’s corporate culture. In establishing the program, Bridge aims to create lasting value through sustainability. To help spearhead the program, Bridge promoted Francesca De …
Chicago-based advisory and brokerage firm TMG Real Estate Advisors is celebrating the milestone of veteran real estate advisor Jane Robins for her 20 years in the commercial real estate industry. As an SVP at TMG, Robins’ experience and reputation has broadened the depth and reach of the firm’s commercial real estate services. “Jane’s demonstrated ability …
Latest Florida & Gulf Coast Industrial Stories
Axiom Capital Corp, has structured and arranged a $6.1-million permanent loan (10-year, fixed rate, non-recourse) for the acquisition of a 129,988-square-foot, multi-building industrial property in Palm Bay, FL. The facility on Main Street in Palm Bay is midway between Jacksonville and Miami. Palm Bay is accessible via I-95 via exits 173 and 176 and within …
Colliers has closed the $14.9-million combined sale of two industrial buildings on 2nd Avenue in Fort Lauderdale, FL. The buildings total 71,682 square feet and are occupied by CTS Engines with long-term leases in place. A Colliers team of Mark Rubin, Bastian Laggerbauer and Jake Stauber in collaboration with Steven Wasserman and Erin Byers represented …
Latest Global Industrial Stories
Despite the worldwide geopolitical and economic uncertainty, global commercial real estate investment seemed undaunted, growing by 34% year over year in Q1 2022 to US$282 billion. According to a CBRE report, investment increased by 47% in the Americas, 25% in Europe, the Middle East and Africa (EMEA) and 5% in the Asia-Pacific region. Multifamily investments …
Equinix Inc, a global digital infrastructure company, has extended its “Platform Equinix” deeper into Latin America following the completion of the acquisition of four data centers in Chile from Empresa Nacional De Telecomunicaciones S.A., Entel, a leading Chilean telecommunications provider. Equinix also announced it has signed an agreement to acquire one additional data center in …
Latest National Industrial Stories
The Q1 2022 industrial sector summary can be best summed up by JLL: “U.S. industrial fundamentals continue to break records.” In analyzing the industrial sector, brokerage experts pointed to the same issues: Scarcity of space, close to “full” vacancy, double-digit rent growths and furious demand outstripping supply, despite a construction pipeline that is pumping out …
It’s no secret that supply chain challenges have been added over the past couple of years to the speedbumps facing developers. Nowhere are these challenges experienced more acutely than in industrial real estate, where increased demand for new product runs up against issues in obtaining materials to build new warehouses and distribution centers and deliver …
Latest New York & Tri-State Industrial Stories
The New Jersey office of Duke Realty Corporation has preleased a 216,892-square-foot speculative development in Piscataway, NJ to JD.com, China’s largest direct online retailer with more than 1,300 warehouses around the world. Duke Realty’s facility, under construction on a 21-acre site at 1570 S. Washington Ave., has immediate access to I-287 and is just six …
Infrastructure consulting giant AECOM says it has been awarded a contract by NJ Transit to provide engineering services for its Bus Garage Modernization Program. In this role, AECOM will design the infrastructure required for battery electric buses at NJ Transit’s Hilton Garage in Maplewood and conduct a survey of current conditions at 16 bus garages …
Latest Phoenix & Southwest Industrial Stories
A recent report from CommercialSearch points to Phoenix as the number two ranking city for industrial development growth. The study only includes industrial properties larger than 25,000 square feet and only focused on properties “under construction”. Phoenix has 36.3 million square feet of industrial space under construction. Low vacancies and the interest of major investors …
JAGreen Development LLC (JAG) is partnering with Raith Capital on the development of a new two million square foot industrial park in Aurora, Colorado. The AEROS Logistics Center will be located south of the Denver International Airport along the 56th Avenue corridor with easy access to E-470 to the West and I-70 to the South. …
Latest Seattle & Northwest Industrial Stories
California-based BKM Capital Partners has acquired a pair of multi-tenant, light industrial properties in Portland, OR for $18.5 million. The two-asset portfolio totals nearly 100,000 square feet across three buildings and is BKM’s fourth purchase in the Portland market. BKM’s CEO Brian Malliet said in a news release, “Portland is a key industrial market and …
Industrial investment activity remains intense in Washington, as Colliers has announced two purchases in the Spokane, WA region: a 306,000-square-foot building on Hallett Road in Cheney and a 111,000-square-foot facility on East Marietta Avenue in Spokane. The combination added $62 million to the area’s total sales volume for 2022. The Hallett building, purchased by Bridge …
Latest Texas Industrial Stories
A partnership between San Antonio-based Bakke Development Corp. and Batson-Cook Development will, together, work on two separate self-storage facilities. The two projects, one in Brownsville and the other in McAllen, are mirror-images of each other. They will both comprise 781 units and 87,000 feet of rentable space. Alamo Architects is the architect for both facilities …
Marcus & Millichap Specialist Brandon Karr was the listing representative on two sales. One in Mesquite and the other in Waxahachie, Texas. The Mesquite site is called Starpoint Self Storage and Business Park and is located at 502 West Kearney Street, a 70,590 facility. The buyer is a publicly traded real estate investment trust. The …
Latest Washington DC Industrial Stories
Colliers has facilitated the sale of a 46.93-acre industrial property in Hagerstown, MD. The property at 12001 Hopewell Road was purchased by MLD Limited Partnership, a joint venture of Elberon Development Group and The Avidan Group that plans to develop a nearly 210,000-square-foot industrial building at the site (but will consider modifying the site plan …
Quantum Loophole, Inc., has signed an agreement with Aligned Data Centers for the latter to acquire land, power and water at Quantum Loophole’s Frederick County, MD data center campus. The agreement follows Frederick County’s approval of an amendment to its Zoning Ordinance explicitly designating data centers as a permitted use in areas zoned light industrial …