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Industrial news – page 27
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Toyota Commits to $3.6B San Antonio Plant ExpansionToyota Motor North America (TMNA) will invest $3.6 billion to expand its San Antonio manufacturing campus with a second vehicle assembly line to support the Tacoma truck.
Representative imageAvison Young Negotiates 61,861 SF Industrial Lease in Grand Prairie, TexasGRAND PRAIRIE, TEXAS — Avison Young has negotiated a 10-year, 61,861-square-foot industrial lease in Grand Prairie, located roughly midway between Dallas and Fort Worth.
Representative imagePye-Barker Fire & Safety Signs 13,776 SF Industrial Lease in IrvingIRVING, TEXAS — Pye-Barker Fire & Safety LLC has signed a 13,776-square-foot industrial lease in Irving. The provider of alarm and monitoring systems is taking space within Skyway Corporate Center, a flex building located at 3109 Skyway Circle N.
Blackstone Eyes £6B Indurent Exit As Logistics M&A Heats UpIn what is shaping up to be a blockbuster period of mergers and acquisitions in the industrial and logistics sector, investors are weighing up the prospects for the sale of two companies valued at almost £20B. Indurent, the company created by Blackstone...
Colliers Brokers Sale of 292,594 SF Industrial Property in Gahanna, OhioGAHANNA, OHIO — Colliers has brokered the sale of Eastgate Logistics Center, a 292,594-square-foot industrial property in Gahanna within the East submarket of Columbus.
Bill Targeting Third-Party Logistics Risks Upending NYC Industrial MarketBashar Yazgi, the CEO and founder of Logistics Xpress, says a bill being considered by the New York City Council would force him to shutter his Bronx warehouse and cut 70% of his staff. The legislation, known as the Delivery Protection Act, would require...
Industrial Asset in Northwest Indiana Hits the MarketGreenstone Partners announced the exclusive listing of The Avanti, a newly constructed, multi-tenant shallow-bay industrial property located at 503 East 98th Avenue at AmeriPlex at the Crossroads business park in Merrillville, Indiana.
MCA Realty Acquires 138K-SF Seattle-Area Industrial PortfolioMCA Realty, Inc., a real estate investment company based in California, announced the acquisition of West Valley Distribution Center, a three-building 138,296-square-foot multi-tenant industrial portfolio located in Kent, Washington.
Greenberg Gibbons Closes on Frederick Brickworks Property, Plans $450M Mixed-Use DevelopmentGreenberg Gibbons has closed on the Frederick Brickworks property and will begin construction on a $450 million, 65-acre mixed-use destination in Frederick, Maryland, on the former brick manufacturing site.
AllianceBernstein Lends $75M to Expand Long Island Industrial Business ParkRechler Equity Partners has sealed a $75 million development facility to expand a master-planned logistics project on Long Island, Commercial Observer has learned.
Foundry Commercial to Undertake Office-to-Industrial Conversion in DallasDALLAS — Foundry Commercial, an Orlando-based development and brokerage firm, will undertake an office-to-industrial conversion project in Dallas.
Representative imageQuantum Space Begins Redevelopment of Historic Aerospace Building in Tulsa, OklahomaTULSA, OKLA. — Spacecraft company Quantum Space has begun redeveloping the Spartan Building, a historic aerospace property in Tulsa, for conversion into a spacecraft manufacturing facility.
Representative imageMarcus & Millichap Brokers $54.2M Sale of Long Island Industrial PortfolioLONG ISLAND, N.Y. — Marcus & Millichap has brokered the $54.2 million sale of a portfolio of five industrial properties totaling 275,938 square feet on Long Island. Located in Farmingdale, Hicksville and Oceanside, the properties range in size from 28,000 to 100,000 square feet.
Prologis to Build 454,000 SF Spec Industrial Development in Suburban ChicagoGLENDALE HEIGHTS, ILL. — Prologis has acquired 26.2 acres of land in Glendale Heights with plans to build a speculative industrial development consisting of two Class A logistics facilities totaling 454,000 square feet.
Standard, Endeavor Complete 174,288 SF Cobalt Business Center in Metro MinneapolisMENDOTA HEIGHTS, MINN. — Standard Real Estate Investments LP and Endeavor Development have completed Cobalt Business Center, a 174,288-square-foot industrial facility in the Minneapolis suburb of Mendota Heights.
Representative imageStarwood Capital Group Closes $10.2B Opportunistic Fund for Data Center InvestmentBarry Sternlicht wants an even bigger piece of the expanding data center pie. Sternlicht’s Starwood Capital Group announced Wednesday that it closed a $10.2 billion opportunistic real estate fund to invest in residential, industrial, hospitality and data center real estate.
Bridge Logistics Acquires 767K-SF Brookshire Warehouse FacilityClay Development & Construction sold Twinwood Distribution Center III, a 767,520-square-foot cross-dock industrial facility located at 2193 Discovery Hills Parkway in Brookshire, Texas. Bridge Logistics Properties was the buyer.
IRG, PREP Funds to Renovate 160,000 SF Industrial Property in Dayton, OhioDAYTON, OHIO — Industrial Realty Group LLC (IRG) and PREP Funds have acquired 5870 Poe Ave. in Dayton with plans to reposition the 160,000-square-foot property as Dayton Commerce Center.
Representative imageLee & Associates Negotiates Two Industrial Leases Totaling 131,417 SF in Chicago’s Western SuburbsHILLSIDE AND FOREST PARK, ILL. — Lee & Associates of Illinois has negotiated two industrial leases totaling 131,417 square feet in the western suburbs of Chicago.
Lee & Associates Brokers $9.1M Sale of Three-Building Industrial Portfolio in Vista, CaliforniaVISTA, CALIF. — Lee & Associates has brokered the $9.1 million sale of a three-building industrial portfolio located at 2438, 2440 and 2446 Cades Way in Southern California. All three buildings were acquired by a single private investor.