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Cushman & Wakefield Land Palm City Development Marketing AssignmentCushman & Wakefield has been selected by Mattamy Homes to market the multifamily development component in Downtown Newfield and the broader master-planned community’s Workplace District, which includes retail, flex and warehouse space, in Newfield, Mattamy’s master-planned…
PRP Purchases Hyundai Mobis-Leased Distribution Center in Montgomery for $66.5M, Plans ExpansionMONTGOMERY, ALA. — PRP Real Assets has acquired a newly built distribution center in Montgomery for $66.5 million.
Representative imageMerritt Breaks Ground on Third Phase of North Jacksonville Industrial ParkJACKSONVILLE, FLA. — Merritt Properties has broken ground on Phase III of Imeson Landing Business Park in north Jacksonville. The new phase will comprise three shallow-bay industrial buildings totaling 126,500 square feet.
Oxford Properties Sells 238,473 SF Light Industrial Portfolio in Riverside, CaliforniaRIVERSIDE, CALIF. — Oxford Properties has completed the disposition of a light industrial portfolio in Riverside to Sierra Ridge Capital, with Los Angeles-based Pacific Properties Group providing the equity, for an undisclosed price.
WareSpace Expands Microbay Flex Industrial Concept With South San Francisco AcquisitionWareSpace is targeting industrial users seeking 2K SF or less.
Representative imageVictoria Industrial, Lincoln Equities Buy NoVa Industrial Portfolio for $63MVictoria Industrial Properties and Lincoln Equities Group have acquired a seven-building flex industrial portfolio in Northern Virginia’s Dulles Tech Corridor for $62.5 million. Baltimore-based Klein Enterprises sold the assets.
Oxford Properties Divests Riverside Light Industrial PortfolioJLL Capital Markets arranged the sale of a light industrial portfolio comprising four assets totaling 238,473 square feet in Riverside. Senior managing director Patrick Nally, senior director Ryan Spradling and associate Shae Vomund represented the seller, Oxford Properties.
Eli Lilly Starts Building Record $6.5B Houston Manufacturing FacilityThe pharmaceutical giant's new Houston-based facility will create 600 jobs, boosting life sciences in Generation Park.
Lee & Associates Negotiates Land Sale for Planned Industrial DevelopmentLee & Associates has closed a $4.5 million sale transaction for four acres located at 11330 W. Melrose Avenue in Franklin Park, Illinois. Jeff Provenza, principal at Lee & Associates’ Illinois office, represented the buyer, Seefried Industrial Properties.
BREIT Lines Up $1.7B CMBS Loan For 19M SF Industrial PortfolioThe loan will refinance existing debt on a 96%-leased warehouse and light industrial portfolio spanning 18 states.
Equus Picks Up 420K-SF Wilmer WarehouseEquus Capital Partners acquired Inland Logistics Center, a 420,643 square foot Class A cross-dock distribution facility located in Wilmer, Texas, within the South Dallas industrial submarket. Hines was the developer and former owner.
Industrial Construction Costs Rise Amid Improving DemandIndustrial construction costs are rising across the Americas amid improving demand and a recovering development pipeline that create renewed competition for materials and skilled labor, Cushman & Wakefield reported Monday.
Newmark Brokers Sale of Four-Building Industrial Portfolio in Silicon ValleyMILPITAS, CALIF. — Newmark has arranged the sale of The Cadillac Court Industrial Portfolio, an industrial campus in Milpitas.
Representative imageLink Logistics Acquires 291,285 SF Industrial Property in Coppell, TexasCOPPELL, TEXAS — New York City-based Link Logistics has acquired a 291,285-square-foot industrial property in Coppell, located in the northern-central part of the metroplex.
Representative imageLee & Associates Negotiates 35,000 SF Industrial Lease in Northeast Fort WorthFORT WORTH, TEXAS — Lee & Associates has negotiated a 35,000-square-foot industrial lease in northeast Fort Worth. According to LoopNet Inc., the building at 566 N. Beach St. totals 123,450 square feet.
JLL Arranges $102M in Financing for Four-Property Industrial Portfolio Spanning Three StatesNEW YORK — JLL Capital Markets has arranged a $102 million loan to finance a four-property industrial portfolio spanning Georgia, Florida and South Carolina.
Representative imageABG Commercial Negotiates $8M Sale of Industrial Building in Medford, MassachusettsMEDFORD, MASS. — Locally based brokerage firm ABG Commercial Realty has negotiated the $8 million sale of a 28,600-square-foot industrial building in Medford, a northern suburb of Boston. The building at 118 Mystic Ave. was fully leased to Verizon at the time of sale.
Galvanize Pays $94M For Milpitas Industrial PortfolioGalvanize bought a 302K SF industrial portfolio in Milpitas for $94M as Silicon Valley's AI and robotics industries grow.
Global Volatility Giving Boston Industrial Tenants Pause On Long-Term DealsGeopolitical tensions and high interest rates are affecting the Boston industrial market, with high vacancy and short-term leases dominating.
Galvanize Real Estate Makes California Debut with Milpitas Industrial PortfolioGalvanize Real Estate (GRE), the real estate platform of Tom Steyer’s climate firm Galvanize, has made its first California acquisition with a deal for the Cadillac Court Industrial Portfolio, a four-building campus in Milpitas.