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Industrial news – page 42
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Lincoln Converting Sky Harbor Offices to Logistics CampusLincoln Property Company has broken ground on Sky Harbor Logistics, an office-to-industrial redevelopment that will bring a two-building, Class A logistics campus to a Tempe, Arizona, infill site, minutes from Phoenix Sky Harbor International Airport.
Representative imageHightech Grafix Signs Industrial Lease Expansion, Extension in ArlingtonARLINGTON, TEXAS — Hightech Grafix has signed an industrial lease expansion and extension in Arlington. The provider of screen printing services now occupies 18,000 square feet within North Commercial Industrial Park, a newly renovated development.
Representative imageMarcus & Millichap Brokers $4M Sale of Industrial Building in Leominster, MassachusettsLEOMINSTER, MASS. — Marcus & Millichap has brokered the $4 million sale of a 62,259-square-foot industrial building in Leominster, about 50 miles west of Boston. The building at 44 Mead St. features clear heights of 14 to 16 feet, eight loading docks and two grade-level doors.
Stos Partners Pays $26M for Nashville WarehouseStos Partners acquired 640 Massman Drive, a 169,855-square-foot Class B industrial warehouse in Nashville’s Airport industrial submarket, for $26 million. The seller, Sagard Real Estate, paid $12 million for the 8.45-acre property in 2020.
Frampton Completes First Phase of 1.5 MSF Race Track Logistics Pompano Industrial Park in South FloridaPOMPANO BEACH, FLA. — Frampton Construction has completed the first phase of Race Track Logistics Pompano, a 1.5 million-square-foot industrial development underway in Pompano Beach.
Representative imageTriten Completes 400 KSF Distribution Center Near HoustonThe site also has the potential for more than five acres of secured outdoor storage. The post Triten Completes 400 KSF Distribution Center Near Houston appeared first on Commercial Property Executive.
Rexford Industrial to Develop 177,551 SF Building in San DiegoSAN DIEGO — Rexford Industrial is developing a Class A, single-tenant industrial building located at 9323 Balboa Ave. in San Diego’s Kearny Mesa submarket.
Representative imageAmericold, EQT to Form $1.3B Cold Storage JVThis partnership is expected to be the largest operator of such facilities in the country. The post Americold, EQT to Form $1.3B Cold Storage JV appeared first on Commercial Property Executive.
Industrial Q1: Supply-Demand Gap NarrowsAccording to the Q1 U.S. industrial real estate reports, the sector experienced robust absorption for the first time in years as “strong leasing momentum continues, leading to the strongest Q1 in years,” according to Savills’ “State of the U.S. industrial Market” report.
Newmark Represents Anheuser-Busch in $360M Sale of Former Newark ComplexNewmark Group advised Anheuser-Busch in the $360-million sale of its former facility in Newark, NJ, to Goodman Group, a global leader in industrial real estate ownership and development. The beverage giant closed the 75-year-old facility in January.
13 DFW Warehouses Part of $207.5M Portfolio PurchaseA Dalfen-led team picked up a 19-property, 1.38-million-square-foot shallow bay logistics portfolio located across Dallas-Fort Worth and three other midwestern metro areas. 13 of the properties were in the Dallas-Fort Worth area.
Lincoln Breaks Ground on Office-to-Industrial Redevelopment Near Phoenix Sky Harbor AirportTEMPE, ARIZ. — Lincoln Property Co. has broken ground on Sky Harbor Logistics, an office-to-industrial conversion project in Tempe. Located at 1515 W. 14th St., the development will bring two Class A logistics buildings to the Phoenix Sky Harbor International Airport submarket.
Cica-Huntek Chemical Technology Buys 25,880 SF Industrial Building in PhoenixPHOENIX — Cica-Huntek Chemical Technology USA Corp. has acquired a freestanding industrial building, located at 1654 W. Knudsen Drive in Phoenix, from AMDVI LLC for $8 million. Michael Kitlica and John Pompey of Cushman & Wakefield represented the buyer in the deal.
Representative imageLincoln Breaks Ground on Phoenix Office-to-Industrial ProjectThe 256,000-square-foot effort will consist of two nearly identical buildings sharing a truck court. The post Lincoln Breaks Ground on Phoenix Office-to-Industrial Project appeared first on Commercial Property Executive.
Representative imageSealy & Co. Sells FedEx FacilityThe property is in one of the country's top emerging industrial markets. The post Sealy & Co. Sells FedEx Facility appeared first on Commercial Property Executive.
Representative imageBridge Logistics Buys Land for 1.5 MSF Inland Empire FacilityThe industrial project is part of a 245-acre master-planned development. The post Bridge Logistics Buys Land for 1.5 MSF Inland Empire Facility appeared first on Commercial Property Executive.
Representative imageSpaceX Eyes New Texas Site for $55B Manufacturing ProjectThe facility aims to produce chips for 1 terawatt of computing power annually. The post SpaceX Eyes New Texas Site for $55B Manufacturing Project appeared first on Commercial Property Executive.
MRP Realty’s Zach Wade Named President, Chief Operating OfficerMRP Realty, a developer of commercial, residential, industrial, and mixed-use real estate in the Washington DC metropolitan area and in the southeast, announced the promotion of Zach Wade to president and chief operating officer of the firm.
JLL Brokers Sale of 271,689 SF Industrial Campus in Cedar Park, TexasCEDAR PARK, TEXAS — JLL has brokered the sale of a three-building, 271,689-square-foot industrial campus in Cedar Park, a northern suburb of Austin.
Representative imageFinial Group Negotiates 12,500 SF Industrial Lease in Northwest HoustonHOUSTON — Local brokerage firm Final Group has negotiated a 12,500-square-foot industrial lease in northwest Houston. The deal is for the entirety of the building at 6770 Bourgeois Road, which according to LoopNet Inc. was constructed in 2012 and renovated in 2024.