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Industrial news – page 56
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Property Reserve Nabs Fully Leased Warehouse at NJ Turnpike Exit 8ACBRE arranged the sale of Eastpoint at Exit 8A, a 450,330-square-foot industrial facility centrally located between New York City, Philadelphia and Central New Jersey at 1065 Cranbury South River Rd.
Gantry Secures $12M Refinance for Portland Region Industrial PropertyGantry has secured a $12 million permanent loan to refinance maturing debt for a pair of industrial warehouse buildings located at 5640 NE Wagon Drive Blvd in Hillsboro, a western suburb of the Portland MSA.
Representative imageNorthBridge Buys Broward County Industrial Portfolio for $82MNorthBridge Partners paid $81.5 million for three warehouses in Lauderhill, Fla., property records show. The portfolio, which was built in the 1970s, totals 359,262 square feet and sits within the Elevate Broward industrial park.
Gantry Secures $12M Refinancing for Two-Building Industrial Asset in Hillsboro, OregonHILLSBORO, ORE. — Gantry has secured a $12 million permanent loan to refinance maturing debt for a pair of industrial warehouse buildings located at 5640 N.E. Wagon Drive Blvd. in Hillsboro.
Representative imageForza Properties Acquires Two Small-Bay Industrial Buildings Near Sacramento for $9MSACRAMENTO AND CARMICHAEL, CALIF. — Forza Properties has purchased two industrial properties for a combined $9 million. Matt Post, Anthony DeLorenzo and Sammy Cemo of CBRE represented the two sellers, 5753 Auburn Blvd LLC and MCA IGF Carmichael LLC, in the transactions.
Representative imageLee & Associates Brokers $2.3M Sale of 7,770 SF Multi-Tenant Industrial Building in Norwalk, CaliforniaNORWALK, CALIF. — Lee & Associates has arranged the sale of a multi-tenant industrial building located at 13820 Shoemaker Ave. in Norwalk. Parsons sold the property to Rosecrans Associates, an investment buyer, for $2.3 million.
Longleaf Capital Obtains Acquisition Loan for Industrial Property in Spartanburg, South CarolinaSPARTANBURG, S.C. — Nashville-based Longleaf Capital Partners has obtained an undisclosed amount of acquisition financing for 185 Littlejohn Street, a two-building industrial property in Spartanburg.
Representative imageMarcus & Millichap Brokers Sale of 33,762 SF Industrial Building in Northeast PhiladelphiaPHILADELPHIA — Marcus & Millichap has brokered the sale of a 33,762-square-foot industrial building in northeast Philadelphia.
Graceada Acquires Fresno Small-Bay Portfolio with Upside PotentialNewmark arranged the sale of Shaw Commerce Center, a premier shallow-bay industrial portfolio located at 4603 N Brawley Ave and 4055-4069 W Shaw Ave in Fresno. Executive managing director Andrew Briner, associate director Aaron Banks, co-head of U.S.
Enchanted Rock Signs 407,302 SF Industrial Lease in Metro HoustonCYPRESS, TEXAS — Enchanted Rock has signed a 407,302-square-foot industrial lease in the northwestern Houston metro of Cypress.
Representative imageJLL Negotiates Sale of 127,626 SF Industrial Portfolio in Northwest HoustonHOUSTON — JLL has negotiated the sale of the Northwest Houston Manufacturing Portfolio, a collection of four single-tenant industrial buildings totaling 127,626 square feet. The buildings were all constructed between 2000 and 2005 and feature an average clear height of 24.5 feet.
Work Begins on 1.4M-SF Orlando-Area Warehouse ProjectFRP Development Corp., in partnership with Strategic Real Estate Partners, has broken ground on Phase I of Camp Lake Commerce Center, a new industrial development located in Minneola in Lake County, Florida. Phase I includes two industrial buildings totaling 377,892 square feet.
Representative imageHunneman Negotiates 42,060 SF Lease at Flex Building in Wilmington, MassachusettsWILMINGTON, MASS. — Regional brokerage firm Hunneman has negotiated a 42,060-square-foot lease at a flex building in the northern Boston suburb of Wilmington.
Representative imageDMV Industrial Pipeline Doubles Year-Over-Year Because of Data CentersThe DMV’s industrial development pipeline has more than doubled in size in the past year, making it one of the nation’s fastest-growing industrial landscapes.
Representative imageJLL Arranges 146,442 SF Industrial Lease in North HoustonHOUSTON — JLL has arranged a 146,442-square-foot, full-building industrial lease in North Houston.
Tenant Amazon Becomes Owner of Fulton County WarehouseAmazon acquired a 1.3-million-square-foot industrial building, the Chattahoochee Logistics Center, at the corner of Fulton Industrial Boulevard and Campbellton Road in South Fulton. Amazon signed on in 2020 as the lessee to the property.
Onyx Equities Signs Two Tenants in JFK Airport SubmarketCushman & Wakefield arranged two new leases at the Inwood Logistics Center in Queens. The deals mark another step in the rapid lease-up of the 10-building campus, which has seen an uptick in activity as demand accelerates in the supply constrained JFK Airport submarket.
Tustin Legacy Industrial Trades to Private Investor in Sale-LeasebackVoit Real Estate Services recently closed the $22,250,000 sale-leaseback of a 55,022-square-foot industrial trophy asset located in the Tustin Legacy District.
Airline Caterer Gate Gourmet Inks 63K-SF Lease at Queens’ Inwood Logistics CenterThe Inwood Logistics Center in Queens has gained two new industrial tenants, which took a total of 87,237 square feet at the 10-building campus owned by Onyx Equities, landlord broker Cushman & Wakefield announced Friday.
Prologis Developing 6-Building, 786K-SF Cedar Park Warehouse ProjectPrologis can start moving dirt on its 75-acre logistics park in Cedar Park. The Austin Business Journal reports the company is constructing spec built-to-suit warehouses for the first phase of Northwest Depot along Brushy Creek Road.