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Industrial news – page 41
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Outrigger Sells 1M-SF Houston WarehouseOutrigger Industrial sold one of its buildings at Generation Park in Houston and fully leased the other. Outrigger sold a 1,026,000-square-foot building located at 12515 Lockwood Road to an undisclosed buyer.
Nuveen Affiliate to Convert Tempe Office Space to IndustrialConverting sprawling office complexes into industrial parks is all the rage in the Phoenix metro area. Lincoln Property and Panattoni Development have both recently announced their intent to either demolish or reposition office buildings in favor of industrial ventures.
Representative imageHighland Properties Negotiates 12,162 SF Industrial Lease in Richardson, TexasRICHARDSON, TEXAS — Local brokerage firm Highland Properties has negotiated a 12,162-square-foot industrial lease in the northeastern Dallas suburb of Richardson. The tenant is ZC Distribution, and the space is located at 1461 Exchange Drive.
Mapletree to Develop 952,720 SF Industrial Project in Manalapan, New JerseyMANALAPAN, N.J. — Mapletree, a development and investment firm based in Singapore, will build a 952,720-square-foot industrial project in Manalapan, located east of Trenton in Central New Jersey.
Stonelake Picks Up Recently Delivered Apex Warehouses for $90MStonelake Capital Partners acquired Apex Commerce Center, a three-building Class A industrial portfolio in Raleigh, for $90 million.
Missner Group, Base 3 Break Ground on Industrial-to-Multifamily Conversion Project in ChicagoCHICAGO — The Missner Group and Base 3 have begun construction on Oxxford Lofts, a redevelopment project in Chicago’s West Loop that will transform a former industrial building into a 112-unit multifamily community. The building at 1220 W. Van Buren St.
Representative imageMapletree Plans 953 KSF New Jersey Logistics FacilityThis two-building project on a greenfield site is scheduled to deliver in early 2028. The post Mapletree Plans 953 KSF New Jersey Logistics Facility appeared first on Commercial Property Executive.
Representative imageOpus Eyes $125M Industrial Project Near AustinThe developer already has potential tenants lined up. The post Opus Eyes $125M Industrial Project Near Austin appeared first on Commercial Property Executive.
Realterm Expands Midwest Presence With Chicago-Area IOS AcquisitionRealterm announced the acquisition of 9655 Industrial Drive, an industrial outdoor storage (IOS) maintenance facility in Bridgeview, Illinois, Chicago’s southwest suburban industrial corridor.
Opus Hopes to Build 800K-SF Hutto Industrial ParkThe project still has a way to go befores its fully permitted, but The Opus Group is a step closer to breaking ground. on a $125 million industrial project in Hutto.
Representative imageValrock, Evergen Equity Acquire 194,255 SF Industrial Building in Von Ormy, TexasVON ORMY, TEXAS — A partnership between Valrock, a newly launched industrial investment firm, and Austin-based Evergen Equity has acquired a 194,255-square-foot building in Von Ormy, a southwestern suburb of San Antonio.
Representative imageHighland Properties Negotiates 25,000 SF Industrial Lease Renewal in ArlingtonARLINGTON, TEXAS — Local brokerage firm Highland Properties has negotiated a 25,000-square-foot industrial lease renewal in Arlington.
Redfearn Lands Refi on 8-Building Jax Warehouse FacilityRedfearn Capital secured financing for an eight-building Jacksonville-area portfolio totaling $48 million. Prospect Ridge provided the financing.
Representative imageO,R&L Commercial Arranges $6M Sale of Industrial Building in Branford, ConnecticutBRANFORD, CONN. — Locally based brokerage firm O,R&L Commercial has arranged the $6 million sale of a 55,274-square-foot industrial building located in the southern coastal Connecticut city of Branford.
Representative imageLee & Associates Brokers $11.5M Sale of Industrial Property in Escondido, CaliforniaESCONDIDO, CALIF. — The Little Dragovic Team of Lee & Associates – North San Diego County has negotiated the sale of an industrial property located at 410, 414 and 416 Hale Ave. in Escondido.
Representative imageInside Industrial: Kansas City’s Build-to-Suit WaveJLL’s Kansas City team discusses how build-to-suit deliveries, land constraints and power studies are shaping the region’s industrial development outlook. The post Inside Industrial: Kansas City’s Build-to-Suit Wave appeared first on Commercial Property Executive.
Indianapolis-Based Ambrose Executes 190K Square Feet of Industrial Leases in Several StatesAmbrose announced the signing of three separate leases with occupiers at modern industrial facilities in Cincinnati, Denver and Orlando, totaling over 190,000 square feet of space.
Anaheim Industrial Outdoor Storage Site Secures Bridge LoanJLL Capital Markets arranged $26 million in bridge financing for a 7.75-acre industrial outdoor storage facility at 1477 N. Jefferson St. in Anaheim.
Pharma Company Planning $280M Denton PlantPharmaceutical company Novartis broke ground on a new manufacturing plant in Denton. The company purchased an existing three-building, special-use facility totaling 46,000 square feet on 20 acres at 2101 Shady Oaks Drive.
Keystone National Lends $46M for Arizona Industrial CampusSilver Creek Development has sealed $46 million of construction takeout financing for a newly-built Arizona industrial project, Commercial Observer has learned.