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Industrial news – page 53
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Representative imageInside Industrial: Automation, Power & ProximityCBRE’s John Morris joins CPE’s Diana Firtea to discuss how automation, power constraints and supply chain shifts are reshaping industrial facility requirements and investment strategy.
Link Logistics, Clarion Close on $163.1 Pompano Beach Warehouse DealPompano Center, part of a fund run by Clarion Partners, sold four warehouses to Link Logistics for $163.1 million. Link is a Blackstone afflliated company. The combined 623,256-square-foot portfolio is at 2510 W. Copans Road. The S.
Representative imageProvident Sells 162,180 SF Industrial Facility in Southeast HoustonHOUSTON — Provident Industrial, a division of Dallas-based Provident, has sold a 162,180-square-foot industrial facility in southeast Houston.
Equus Acquires 19-Building Charlotte Warehouse Portfolio for $102MEquus Capital paid $102 million for a 648,000 square foot industrial portfolio in Charlotte. The Greylyn Business Park, at 9535 Monroe Road comprised 19 buildings across four parcels totaling nearly 57 acres. the portfolio is 92.8% occupied.
Equus Acquires Greylyn Business Park in Charlotte for $102MCHARLOTTE, N.C. — Equus Capital Partners has acquired Greylyn Business Park, a 19-building industrial park totaling 648,060 square feet in the Southeast Industrial submarket of Charlotte. The $102 million acquisition was completed on behalf of a value-add fund sponsored by Equus.
Omega Construction Breaks Ground on 801,000 SF Distribution Center in Macon, Georgia for Bob’s Discount FurnitureMACON, GA. — Winston-Salem, N.C.-based Omega Construction has broken ground on an 801,000-square-foot warehouse and distribution facility for in Macon for Bob’s Discount Furniture.
Representative imageEQT Sells 7 MSF Logistics Portfolio for $650MThe deal comprises the second tranche of a large disposition. The post EQT Sells 7 MSF Logistics Portfolio for $650M appeared first on Commercial Property Executive.
Goodwin Law Firm Leaves Downtown L.A. Tower After 20 YearsGlobal law firm Goodwin announced it will move from its Los Angeles office in a 52-story tower downtown to the nearby Arts District about two miles away, which is almost exclusively defined by low-rise or industrial-style developments.
BLT Acquires Carlsbad Site with Potential for Future DevelopmentBLT Enterprises has acquired a 19.4-acre industrial site close to Carlsbad Research Center at 2470 Faraday Ave. in Carlsbad for an undisclosed sum.
SparrowHawk, Almanac Realty Investors Acquire St. Louis WarehouseSparrowHawk, through a joint venture partnership with Almanac Realty Investors, has acquired a second Midwest distribution center.
Clothing Supplier Intradeco Sells Miami-Dade HQ for $49MClothing supplier Intradeco Apparel sold its headquarters warehouse in the outskirts of Miami for $48.8 million, property records show.
Seagis Picks Up 200K-SF Medley WarehouseSeagis has acquired a 200,175-square-foot manufacturing facility near Medley for $48.8 million. The seller was Intradeco Apparel, which used the building as its headquarters and warehouse.
Pharma Giant Building $2 Billion Atlanta-Area FacilityGlobal biopharmaceutical giant UCB, Inc. is planning a $2 billion investment in Georgia to establish its first U.S. pharmaceutical biologics manufacturing facility. Based in Belgium, UCB’s North American headquarters are located in Smyrna.
Representative imageC&S Electric Services Signs 18,302 SF Lease at Industrial Flex Property in PlanoPLANO, TEXAS— C&S Electric Services, a Michigan-based company, has signed an 18,302-square-foot lease in Plano. The space is located within the 82,600-square-foot industrial flex property at 2600 Technology Drive.
Research Triangle Property Sells for $58.3MAn affiliate of TPG Real Estate Partners sold The Press, a 250,000 square foot industrial complex in Cary, NC, for $58.3 million. Vigilant Real Estate Holdings was the buyer. Commercial Search reports the buyer also inked a $38.5 million acquisition loan from M&T Bank.
Hanover, Northwestern Mutual Deliver 509,000 SF Industrial Park in Frederick, MarylandFREDERICK, MD. — Hanover Co. and its institutional partner Northwestern Mutual have completed construction of Frederick Airport Park, a 509,000-square-foot industrial development located in Frederick, about 44 miles northwest of Washington, D.C.
Representative imageSitex Group Buys 26,000 SF Warehouse in Monroe Township, New JerseyMONROE TOWNSHIP, N.J. — New Jersey-based private equity real estate firm Sitex Group has purchased a 26,000-square-foot warehouse in Monroe Township, located outside of Trenton in Central New Jersey.
SparrowHawk, Almanac Realty Acquire Distribution Center in Metro St. Louis for $28.5MST. PETERS, MO. — SparrowHawk, through a joint venture partnership with Almanac Realty Investors, has acquired Premier 370 DC II, a 366,900-square-foot distribution center on 20 acres in the Premier 370 Business Park in St. Peters near St. Louis.
Report: Texas Tops Cold Storage Demand as Occupiers Target Newer FacilitiesThe performance of the cold storage category in the industrial real estate sector appears mixed.
Lee & Associates Represents Buyer in 24K-SF Laurel Industrial AcquisitionJADAKA Holdings, LLC has acquired 9550 Lynn Buff Court, a single-story, 24,245-square-foot industrial building in Laurel, Maryland, for $4.5 million, with plans to relocate API Audio from the Jessup area. The building was formerly owned by Professional Graphics Printing Company.