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Industrial news – page 49
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CBRE Named Leasing Agent for Maryland Industrial DevelopmentCBRE has been appointed the exclusive leasing agent for Maryland 95 at Dorsey Run, a 250-acre industrial development located at 7120 Dorsey Run Road in Elkridge, Maryland. CBRE’s Michael Elardo, Jared Ross, and Ed Harris will market the property on behalf of ownership.
Capital One Lends $196M for MDH Industrial PortfolioMDH Partners announced Monday it has closed on new financing for its recent deal to acquire a 1.6 million-square-foot warehouse portfolio across four states.
Representative imageBrookfield Sells Broward County Warehouses for $78MBrookfield Properties sold an industrial campus in Broward County, Fla., for $77.6 million, more than double what the investment giant paid seven years ago, property records show.
Affinius Capital Provides $70M Refi for Georgia Industrial CampusCrow Holdings Capital has secured a $70.2 million loan to refinance Terminal East, a two-building, 915,000-square-foot industrial logistics park in Savannah, Ga., Commercial Observer can first report.
DHL Supply Chain to Develop 1.2 MSF Industrial Project in Annville, PennsylvaniaANNVILLE, PA. — DHL Supply Chain, a developer and third-party logistics firm based in Germany, will develop a 1.2 million-square-foot industrial project in Annville, about 100 miles west of Philadelphia.
Representative imageColliers Brokers Sale of 158,380 SF Castle Rock Industrial Property in ColoradoCASTLE ROCK, COLO. — Colliers has arranged the sale of Castle Rock Industrial at The Meadows, an industrial asset in Castle Rock. Saunders Commercial Development Co.
Representative imageFaith Technologies Expands in Indiana with 500,000 SF Manufacturing FacilityPITTSBORO, IND. — Faith Technologies Inc. (FTI) is expanding to Pittsboro, about 30 miles northwest of Indiana, and has begun construction on a 500,000-square-foot manufacturing facility within Opus’ Pittsboro Commerce Center.
Lincoln Property Company Hires Sean Perrier for SoCal Industrial DealsGlobal real estate firm Lincoln Property Company (LPC) has hired Sean Perrier to be a vice president targeting industrial acquisitions in Southern California, Commercial Observer can first report.
Two Orlando Industrial Properties Change HandsBasis Industrial and One Investment Management purchased two Orlando industrial properties as part of a shallow bay industrial portfolio. Three other properties in the portfolio are in the Atlanta. The price was $144.6 million.
Representative imageSansone Group, Principal Break Ground on 682,000 SF Industrial Project in South AustinAUSTIN, TEXAS — A partnership between St. Louis-based developer Sansone Group and Principal Asset Management has broken ground on a 682,000-square-foot industrial project in Austin.
Representative imageBradford Negotiates Sale of 40,670 SF Industrial Building in Grand Prairie, TexasGRAND PRAIRIE, TEXAS — Bradford Commercial Real Estate Services has negotiated the sale of a 40,670-square-foot industrial building in Grand Prairie, located roughly midway between Dallas and Fort Worth.
Rare-Earth Magnet Maker to Construct $918M Raleigh-Area PlantVulcan Elements paid $8 million for 56 acres in Benson to build a rare-earth magnet manufacturing plant. The Triangle Business Journal reports Vulcan will invest $918 million in the plant, which could create up to 1,000 jobs. Benson is about 30 miles south of Raleigh.
Hyundai Translead Signs 1.4 MSF Industrial Lease in Joliet, IllinoisJOLIET, ILL. — Hyundai Translead, a subsidiary of Hyundai Motor Co., has signed a 1.4 million-square-foot lease in Joliet. Industrial Realty Group LLC (IRG) owns the property, which was formerly Caterpillar’s main plant.
Representative imageCovington Gets OK for Massive SoCal Industrial DevelopmentThe property will include as much as 9.4 million square feet. The post Covington Gets OK for Massive SoCal Industrial Development appeared first on Commercial Property Executive.
Representative imageJLL Arranges Financing for 94-Acre Northpoint Innovation Park in Salt Lake CitySALT LAKE CITY — JLL Capital Markets has secured an undisclosed amount of financing for Northpoint Innovation Park, a 94-acre master-planned industrial project at 3200 N 2200 W in Salt Lake City.
CBRE Brokers Sale of 126,335 SF Flex Industrial Property in MilwaukeeMILWAUKEE — CBRE has arranged the sale of a five-building, 126,335-square-foot flex industrial property in Milwaukee. Minnesota-based Brait Capital purchased the property from Oyster Two Wisconsin Owner LLC for $6 million.
Representative imageOpus’ New Industrial Park Gets 1st OccupantAn engineering company has bought a 47-acre parcel at this Indianapolis-area property. The post Opus’ New Industrial Park Gets 1st Occupant appeared first on Commercial Property Executive.
CBRE Survey Uncovers Industrial Occupier SentimentsFlight to quality, greater focus on real estate costs, and an increase in domestic manufacturing were among the themes that emerged from CBRE’s U.S. Industrial & Logistics Occupier Survey. The surprise?
Krusinski Construction Begins Tenant Build-Out on TX Distribution CenterOak Brook, Illinois-based Krusinski Construction Company (KCC) has started work on a tenant build-out for Cooper&Hunter within the recently completed IAC – Wintergreen development in Hutchins, Texas.
Panattoni Buys $9M Site in North Bend for Industrial DevelopmentPanattoni Development Company has acquired 32 acres just outside of the Seattle metropolitan area for $9 million, with plans for a multi-building industrial project.