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Latest Atlanta & Southeast Industrial Stories
Overland Park, KS-based Quality Technology Services has acquired 615 acres in the Atlanta submarket of Fayetteville, GA for $153.8 million (approximately $250,000 per acre). QTS plans to develop the world’s largest multi-tenant data center campus on the property, according to the company. Tim Huffman and Mike Lash of CBRE represented the seller, the Fayette County …
Lincoln Rackhouse, the data center division of Lincoln Property Company, and Principal Real Estate Investors have acquired a tier 3, enterprise-grade data center in the Atlanta submarket of Alpharetta, GA. The 185,000-square-foot facility sits on a 38-acre parcel with more than 7MW of capacity, and a design to expand to over 13MW. The site can …
Latest Boston & New England Industrial Stories
Newmark has arranged $96.5 million in financing on behalf of Atlantic Management for two industrial assets that are located 35 miles west of Boston in Westborough, MA. The two transactions include a $70.5 million refinance for 50 Otis Street and a $26 million construction loan for 54 Otis Street. Robert Griffin, David Douvadjian, Sr., Timothy …
Avison Young’s Boston office has negotiated a transaction for Carpenter & Paterson, Inc., to take 28,800 square feet of industrial space at 35 Concord Street in the Boston submarket of North Reading, MA. The bigger space will act as a logistics hub for wholesale distribution, storage and sales for the construction industry supplier Chris Reilly …
Latest California Industrial Stories
Cushman & Wakefield has represented the JV of Panattoni Development Company and Link Logistics Real Estate in arranging the lease of 14451 Myford Rd, a brand new industrial project in Tustin, CA. The freestanding, 220,000-square-foot, Class-A logistics project nearing completion has been fully pre-leased to an undisclosed tenant. “This property is a best-in-class industrial project, …
Daum Commercial Real Estate Services has directed the acquisition of a 56,000-square-foot, Class-A industrial asset in City of Industry, CA. The firm’s Nathan Lara represented the buyer, Taiwan-based Gigabyte Technology, which plans on using the building for their own business purposes. Terms of the deal were not disclosed. “In the past year, there were only …
Latest Chicago & Midwest Industrial Stories
Bridge Industrial acquired a 12-acre site in a forward sale structure to serve as the future home of Bridge Point Melrose Park II in Melrose Park, IL. Bridge acquired the property, formerly a truck parking lot, from a joint venture of Missner Group and Timber Hill for an undisclosed sum. The seller will be retained …
Weeks after announcing a new deal for the sale of the James R. Thompson Center in downtown Chicago, Gov. JB Pritzker and the Illinois Department of Central Management Services (CMS) have issued an Invitation for Bid (IFB) for the sale of the Damen Silos located at 2900 S. Damen Ave. The state is establishing a …
Latest Florida & Gulf Coast Industrial Stories
West Palm Beach, FL-based Sterling Organization has closed its first Sterling Logistics Properties Fund with capital commitments of $225 million. Sterling Consumer Logistics Properties I, LP’s funds were raised from a diverse institutional investor base including endowments and public pension funds. SCLP I seeks to opportunistically acquire primarily vacant, freestanding retail buildings with the intent …
Summerwind Properties, LLC, has acquired a 6.6-acre commercial site at 10450 W. State Road 84 in Davie, FL for $9.8 million. The site includes two existing industrial buildings totaling 14,605 square feet. The property is accessible to I-595, Fort Lauderdale International Airport and Port Everglades. Jamie Sturgis of Native Realty represented the buyer; Digital Comm …
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 Lenders Industrial Stories
Latest National Industrial Stories
The recently released Royal Institute of Chartered Surveyors (RICS) Commercial Property Monitor reported that the Global Property Sentiment Index (GPSI) dropped into negative territory during Q2 2022. The latest survey put the index at -6 versus the +3 reported in the previous quarter. The GPSI is a weighted composite measure reflecting market momentum, variables on …
Avison Young has signed an agreement to acquire Madison Marquette’s office and industrial property management, agency leasing and project management service lines. The trio of services will operate under the Avison Young brand and the deal is expected to close in September. The acquisition includes more than 20 million square feet and 235 team …
Latest New York & Tri-State Industrial Stories
DIB Development Group has acquired a four-story commercial and industrial building at 5714 1st Ave. in Brooklyn’s Sunset Park neighborhood for $19.9 million. The seller was Gabriel Gopin of Deitsch Realty. Broker Gary Mayzlin from Real Estate Trade Co, Inc. represented the seller. The property consists of a mix of industrial and commercial tenants within …
NineDot Energy, a Carlyle-backed developer of community-scale clean energy projects, has unveiled Gunther Bronx, its first battery energy storage site in the Bronx. With a 3.08-MW (megawatts)/12.32-MWh (megawatt-hours) Tesla Megapack system, a solar canopy, and infrastructure ready for bi-directional electric vehicle chargers, this NineDot Energy site supports the company’s goal of delivering 400 MW …
Latest Phoenix & Southwest Industrial Stories
The trio of Merit Partners, First Industrial Realty Trust and Diamond Realty Investments hired Stevens-Leinweber to build a 1.75 million square foot industrial park. Phase I of C/303 has started construction and will take up over a mile of Loop 303 frontage. Phase I spans nearly 11.3 acres and includes three buildings totaling 375,000 square …
Dollar General has acquired a 75-acre land parcel within HighPoint Elevated, an industrial and logistics park located at the southeast corner of East 64th Ave. and E-470 in Aurora, for the development of a distribution facility. The discount retailer plans to invest $172 million into the Aurora facility, which will create around 400 new jobs …
Latest Seattle & Northwest Industrial Stories
The 2nd quarter Cushman & Wakefield market report for the Seattle industrial sector is very upbeat, concluding the region has been unaffected by the recent economic turmoil. The vacancy rate of 3.7% is down 210 basis points year over year, and is forecasted to decline further as steady demand for premium product intensifies. Meanwhile, the …
The JV of Crow Holdings Capital and Panattoni has begun construction on four warehouse buildings, comprising 2.3 million square feet of Class-A industrial space to the Greater Seattle area. Called FRED310, the development site, located at Canyon Road East and East 176th Street in Frederickson, WA, is scheduled to be completed by the first quarter …
Latest Texas Industrial Stories
Stream Realty Partners has just completed phase two of its Empire West Business Park, Houston’s largest single-phase industrial development. Phase II consists of six buildings totaling 2.3 million square feet. Stream Realty is offering occupancy for users needing from 50,000 to one million square feet. A number of recent industrial market surveys have reported that …
The proposed refinery is a joint venture between Southern Rock Energy and UltraFuels. It’s expected to cost $5.5 billion to build and pump out 250,000 barrels-per-day. The new project will have a number of green enhancements in comparison to past refinery projects. A reduction in carbon dioxide emissions, volatile organ compounds and other greenhouse gas …
Latest Washington DC Industrial Stories
Colliers has facilitated the sale of an industrial building within the Cavalier Industrial Park in Chesapeake, VA to an institutional investor for $13.5 million. Michael Blunt, Clay Ellis and Chamie Burroughs of Colliers represented the seller, a joint venture led by B&D Holdings. 3512 Business Center Drive is an infill, port intermodal centric, single-tenant warehouse …
A joint-venture between Minkoff Development and South Duvall has signed a lease with Hughes Network Systems, LLC to build a 140,000-square-foot build-to-suit project on Montgomery College’s Germantown Campus in Germantown, MD. As part of the arrangement, Hughes and Montgomery College will continue to collaborate on training and educational initiatives. Henry Bernstein, Matt Brady and Aaron …