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Industrial news – page 34
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Representative imageRockefeller, Matan Break Ground on 1 MSF Distribution Center at Port 460 in Suffolk, VirginiaSUFFOLK, VA. — Rockefeller Group and Matan Cos. have broken ground on Building 3 at Port 460 Logistics Center, an industrial development that will comprise 5 million square feet in Suffolk, approximately 20 miles southwest of Norfolk with direct access to the Port of Virginia.
Representative imageJLL Income Property Trust Receives $49M Loan for UPS-Occupied Distribution Facility Near LouisvilleSHEPHERDSVILLE, KY. — JLL Income Property Trust has received a $49 million mortgage loan for Louisville Logistics Center, a 1 million-square-foot distribution facility located in Shepherdsville, a southern suburb of Louisville.
Realterm CEO Bob Fordi Is Transforming the IOS BusinessFor most companies, the period of COVID-19 — roughly 2020 to 2022 — was considered nothing short of catastrophic, as the global pandemic presented an existential threat to business plans, underwriting assumptions and, of course, tens of millions of lives.
Shallow Bay Industrial Portfolio Trades in East BayNewmark arranged the sale of Sierra Trinity, an 11-building, shallow bay industrial portfolio located in the East Bay city of Dublin.
Report: Strong Demand Remains for Infrastructure, Manufacturing, Data Center ConstructionWhile overall cost escalation in Seattle has moderated relative to many U.S. markets, a recent report by Mortenson identifies the latest trends in Puget Sound construction costs.
Regional Logistics Firm Signs Lease with Davis in TauntonThe Davis Companies secured a new lease with Downeast Global Logistics LLC, a New England regional extension of SEKO Logistics’ global supply chain network, at 530 John Hancock Rd. within the 1,000-acre Myles Standish Industrial Park in Taunton, MA.
Representative imageKarney Snags $34M Industrial Refi in Southern CaliforniaOne of Southern California’s most prominent industrial operators has refinanced a 178,454-square-foot facility in what’s referred to as the Gateway Cities.
W. P. Carey Closes 43-Property Sale-Leaseback with GardenCoreNet lease REIT W. P. Carey (WPC) recently closed the sale-leaseback of a 43-property manufacturing portfolio with newly branded GardenCore (formerly Oldcastle Lawn & Garden), a leading U.S. manufacturer of lawn and garden consumables, for a reported $400 million.
Representative imageArvato USA Signs 269,600 SF Industrial Lease in Denton, TexasDENTON, TEXAS — Arvato USA has signed a 269,600-square-foot industrial lease in the North Texas city of Denton. The Germany-based third-party logistics provider will occupy the entirety of Denton Logistics Center, a newly constructed building that features 32-foot clear heights.
Representative imageIDI Logistics Breaks Ground on 154,387 SF Industrial Project in Piscataway, New JerseyPISCATAWAY, N.J. — IDI Logistics has broken ground on a 154,387-square-foot industrial project in the Northern New Jersey community of Piscataway. The building at 1551 S. Washington Ave.
Brennan Investment Group Acquires 202,000 SF Manufacturing Facility Near Knoxville, TennesseeVONORE, TENN. — Brennan Investment Group has acquired a 202,000-square-foot manufacturing facility located in the East Tennessee city of Vonore, about 35 miles south of Knoxville. The seller and sales price were not disclosed.
CBRE Arranges Sale of 59.7-Acre Industrial Development Site in Pocatello, IdahoPOCATELLO, IDAHO — CBRE has arranged the sale of a 59.7-acre industrial development site located at 1800 River Park Way in Pocatello on behalf of developer Portneuf Capital. Lex Development acquired the site for an undisclosed price.
Nuveen Offloads 400K-SF Dallas WarehouseNuveen Real Estate sold a 403,200-square-foot warehouse in Dallas to BakerTriangle. Frost Bank issued a $27.3 million acquisition loan.
JLL Arranges 691,667 SF Industrial Lease in Adairsville, GeorgiaADAIRSVILLE, GA. — JLL has arranged a 691,667-square-foot, full-building lease at International Commerce Center, an industrial facility located northwest of Atlanta in Adairsville. The tenant is Pactra USA Inc., a third-party logistics firm and the U.S.
Representative imageNestle USA Signs 524,252 SF Industrial Lease Renewal in North Fort WorthFORT WORTH, TEXAS — Nestle USA has signed a 524,252-square-foot industrial lease renewal in North Fort Worth. The U.S. affiliate of the Swiss foodmaker will continue its operations at its namesake distribution facility at 13600 Independence Parkway for an unspecified term.
Representative imageLanCarte Commercial Arranges Sale of 47,000 SF Industrial Portfolio in Fort WorthFORT WORTH, TEXAS — Locally based brokerage firm LanCarte Commercial has arranged the sale of a 47,000-square-foot industrial portfolio in Fort Worth. The portfolio comprises two buildings that are located at 4608 Fairlane Ave. and 4700 S. Edgewood Terrace.
CBRE Brokers Sale of 450,330 SF Industrial building in Monroe Township, New JerseyMONROE TOWNSHIP, N.J. — CBRE has brokered the sale of Eastpoint at Exit 8A, a 450,330-square-foot industrial building in Monroe Township, located in Central New Jersey.
JLL Arranges $46M Loan for Refinancing of Northeast Philadelphia Industrial FacilityPHILADELPHIA — JLL has arranged a $46 million loan for the refinancing of a 287,218-square-foot industrial facility in northeast Philadelphia.
Ambrose Breaks Ground on 16-Acre Indianapolis Industrial ParkAmbrose has broken ground on Indianapolis Logistics Park – South, a 16-acre, two-building industrial park in Greenwood, Indiana, a suburb located directly south of Indianapolis.
Lenny’s Repair Takes 14K SF at Red Hook’s 590 Smith StreetRepaired phone wholesaler Lenny’s Repair has taken 14,000 square feet of flex warehouse and office space at 590 Smith Street in Red Hook, Brooklyn, Commercial Observer has learned. The five-and-a-half-year deal was signed last week. Asking rent was $18 per square foot.