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Industrial news – page 28
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JLL Negotiates Sale of 1 MSF Industrial Park in Northwest HoustonHOUSTON — JLL has negotiated the sale of a six-building, 1 million-square-foot industrial park in northwest Houston. Northwest Spur Industrial Park spans 43.5 acres and houses shallow-bay buildings that were constructed in 1980.
Welcome Group Inks Full-Building Industrial Lease in Durham, North Carolina Totaling 100,100 SFDURHAM, N.C. — Welcome Group has executed a 100,100-square-foot full-building lease at Welcome Venture Park, an industrial and flex business park under construction in Durham. The undisclosed tenant will occupy Building C at the property.
BridgeCity Lends $72M on Long Island City Apartments BuildBrooklyn-based developer Elmord Management has landed $72.3 million of acquisition and construction financing to build a multifamily development at a former industrial site in Long Island City, Queens, Commercial Observer has learned.
Constellation Breaks Ground on 492,624 SF Industrial Project in South Fort WorthFORT WORTH, TEXAS — Constellation Real Estate Partners has broken ground on a 492,624-square-foot industrial project in South Fort Worth.
Representative imageSagard Real Estate Completes 331,700 SF Warehouse on Staten IslandNEW YORK CITY — Sagard Real Estate, the Denver-based firm formerly known as EverWest Real Estate Investors, has completed One Nassau Place, a 331,700-square-foot warehouse on Staten Island.
Prime Beverage Group to Occupy 915,720 SF Industrial Facility in Metro IndianapolisFAIRLAND, IND. — Prime Beverage Group, a beverage contract manufacturer, has expanded into the Indianapolis market. The company has secured approvals to establish a beverage production facility in Fairland, a southeast suburb of Indianapolis.
Representative imageMissner Group, Thackeray Partners Complete 180,000 SF Industrial Project in ChicagoCHICAGO — The Missner Group, in partnership with Thackeray Partners, has completed a 180,000-square-foot industrial development at 4002 S. Princeton Ave. in Chicago’s Fuller Park neighborhood.
IRG, PREP Funds to Redevelop Ohio Industrial SiteIndustrial Realty Group (IRG) and PREP Funds announced the recent acquisition of 5870 Poe Ave in Dayton, Ohio.
Representative imageLee & Associates Negotiates 78,272 SF Industrial Lease in North Fort WorthFORT WORTH, TEXAS — Lee & Associates has negotiated a 78,272-square-foot industrial lease in North Fort Worth. The tenant is Wistron Corp., a provider of high-tech communications products and services, and the space is located within Building H at 35 Eagle Center.
Representative imageScannell Breaks Ground on 1.2 MSF Spec Industrial Building Near Columbus, OhioCOMMERCIAL POINT, OHIO — Scannell Properties has broken ground on the first phase of a logistics park in Commercial Point, a southern suburb of Columbus.
Representative imageNAI DiLeo-Bram Negotiates $10.5M Sale of Industrial Building in Piscataway, New JerseyPISCATAWAY, N.J. — NAI DiLeo-Bram & Co. (NAIDB) has negotiated the $10.5 million sale of a 41,309-square-foot industrial building in the Northern New Jersey community of Piscataway. According to LoopNet Inc., the building at 281 Centennial Ave. was originally constructed in 1973.
Representative imageCushman & Wakefield Arranges Financing for IOS Facility in South Plainfield, New JerseySOUTH PLAINFIELD, N.J. — Cushman & Wakefield has arranged an undisclosed amount of acquisition financing, as well as joint venture equity, for an approximately 8-acre industrial outdoor storage (IOS) facility in South Plainfield, about 40 miles southwest of New York City.
Truist Bank Supplies $300M Credit Facility for JIOS’s Expanding IOS PortfolioThe momentum behind the industrial outdoor storage space shows no sign of slowing, and one firm just closed a new financing facility to enable it to continue to scale its IOS investments.
Lee & Associates Closes Suburban Chicago Industrial LeasesLee & Associates has closed two industrial leases in the Western Chicago suburbs totaling 131,417 square feet.
CBRE Arranges $18M Sale of 380K-SF Ohio Industrial FacilityCBRE has arranged the sale of a 380,000-square-foot industrial distribution facility located at 1 Modern Way in Trotwood, Ohio. Viking Partners purchased the property from Stratacache, Inc. for $18 million.
BGO, Harbor Capital Buy 300K-SF Katy Warehouse PairBGO and joint venture partner Harbor Capital acquired Heritage West, a newly constructed Class A industrial portfolio totaling 299,520 square feet in Katy, Texas. The assets were fully preleased upon closing the off-market transaction.
VulcanForms Plans $1.3B Plant in Devens to Scale Up Manufacturing CapacityAdvanced metals manufacturer VulcanForms will build its third Massachusetts plant in Devens at a reported cost of $1.3 billion.
Lincoln Picks Up Over 1M SF in Leases at Luke AFB-Area DevelopmentLincoln Property Company (“Lincoln”) executed two full-building leases at its 2.4 million-square-foot Luke Field development in Glendale, Arizona. Totaling over 1.1 million square feet, the commitments bring the Class A, three building, logistics campus to 100% occupied.
Stos Partners Buys Industrial Building in Tempe, Arizona for $5.7MTEMPE, ARIZ. — Stos Partners has bought an industrial warehouse, located at 525 S. McClintock Drive in Tempe, from a private owner for $5.7 million. Situated on 2.6 acres, the property offers 40,023 square feet of industrial space.
Representative imageDoors & Spaces Buys 32,850 SF Industrial Facility in Voorhees, New JerseyVOORHEES, N.J. — Doors & Spaces, a regional investment firm focused on small-bay industrial product, has purchased a 32,850-square-foot facility in Voorhees, located in Southern New Jersey’s Camden County. The sales price was $4.1 million.