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Industrial news – page 8
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Data Center Demand Has Made IOS An Institutional Capital PlaygroundA record $672M industrial outdoor storage deal occurred last month despite strain in the trucking sector.
Canyon Partners Provides Refi on Four-Building Elizabeth IndustrialCanyon Partners Real Estate LLC has provided a $67-million senior loan with Kurv Industrial to refinance Kurv Elizabeth, a Class-A industrial property in Elizabeth, NJ. The transaction was facilitated by CBRE.
MassHousing Closes on Financing for Swampscott Affordable DevelopmentMassHousing has closed on the final financing for the 114-unit The Westcott in Swampscott, developed by WinnCompanies on a former industrial site following approval by the Town of Swampscott.
Representative imageLightstone Capital Provides Loan for Refinancing of Metro Houston Industrial BuildingCHANNELVIEW, TEXAS — Lightstone Capital, the debt financing arm of New York City-based Lightstone Group, has provided a loan of an undisclosed amount for an industrial building in Channelview, an eastern suburb of Houston. According to LoopNet Inc., the building at 300 S.
Basis Closes Surprise Land Deal, Self-Storage Venture on WayBasis Industrial closed on the land and a $20.5 million construction loan for a new self-storage development at 17140 W. Waddell Road in Surprise, Ariz. The project will encompass approximately 102,673 square feet with 707 climate-controlled storage units upon completion.
ICP Acquires 680,000 SF Industrial Campus in Shrewsbury, MassachusettsSHREWSBURY, MASS. — Industrial Commercial Properties (ICP) has acquired a 680,000-square-foot industrial campus in Shrewsbury, located in Worcester County. The development at 65 Chestnut St. consists of two buildings that were built in the 1980s.
Cowboy Space Leases 291,035 SF Industrial Facility in Kent, Washington for Production SiteKENT, WASH. — Cowboy Space, an aerospace and advanced manufacturing firm, has leased a 291,035-square-foot facility at 7650 S. 228th St. in Kent, a suburb 20 minutes south of Seattle, from CenterPoint.
Basis Industrial Buys Land in Surprise, Arizona for Development of 707-Unit Self-Storage FacilitySURPRISE, ARIZ. — Basis Industrial, a privately held and vertically integrated real estate owner and operator based in Delray Beach, Fla., has acquired a land parcel at 17140 W. Waddell Road in Surprise for the development of a self-storage facility.
Amazon Occupies 312,474 SF Industrial Building in Romulus, MichiganROMULUS, MICH. — Amazon has moved into Building 4 at Romulus Trade Center in Michigan. Contegra Construction completed the 312,474-square-foot industrial building on behalf of NorthPoint Development.
Representative imageStone Bridge Investment Group Acquires 135,303 SF Industrial Portfolio Near Akron, OhioJACKSON TOWNSHIP, OHIO — Stone Bridge Investment Group has acquired a two-building industrial portfolio at 7774 and 7810 Whipple Ave. NW in Jackson Township, south of Akron. The properties total 135,303 square feet.
Berkeley Partners Buys 2 Industrial Buildings For $36M: The Boston Deal SheetBerkeley Partners acquired two industrial buildings in Marlborough and Northborough from McCord Development.
Innovo On Leasing Spree At Multistory LIC Warehouse: The N.Y. Deal SheetInnovo's Long Island City complex signs major leases, reaching more than 50% leased, plus more in this week's New York Deal Sheet.
Ares Closes Japan-Focused Logistics Fund at US$4BAres Management Corporation has reached the final close of Japan Logistics Development Partners V LP, the latest vintage in its Japan-focused logistics real estate development fund series.
Trammell Crow-Led Team Delivers 686K-SF Atlanta-Area Warehouse FacilityTrammell Crow Company and its joint venture partner, a consortium led by CBRE Japan, have delivered Buford Creek Business Center, a three-building, 686,400-square-foot speculative industrial park in Buford, Georgia, approximately 30 miles northeast of Atlanta.
Marcus & Millichap Arranges $10M Sale of Manufacturing Facility in BaltimoreBALTIMORE — Marcus & Millichap has arranged the nearly $10 million sale of a single-tenant manufacturing facility located at 6901 Rolling Mill Road in Baltimore. Dejana Truck & Utility Equipment has occupied the facility for the past 21 years.
Representative imageColliers Arranges Sale of 1.5 MSF Industrial Portfolio in IndianapolisINDIANAPOLIS — Colliers has arranged the sale of the Indianapolis West Infill Industrial Portfolio, a 1.5 million-square-foot, 29-building light industrial portfolio located within the Park 100 and Park Fletcher industrial parks in Indianapolis.
Iconic Rancho Cordova Furniture Showroom Listed for SaleThe longtime Rancho Cordova showroom of Beck’s Furniture has been listed for sale. The 208,800-square-foot property at 11840 Folsom Blvd has served primarily as a warehouse and distribution center for Beck’s Furniture, where people came to view the chairs and sofas before buying.
Sudberry Properties Inks $81.6M Refi on Growing Chula Vista Business ParkJLL Capital Markets arranged $81.6 million in financing for Otay River Business Park, a 369,803-square-foot industrial and retail business park located at 2925-2945 Main St. and 2775-2970 Faivre St. in Chula Vista, California.
ICP Acquires 427K-SF Corporate Campus in KalamazooIndustrial Commercial Properties LLC (ICP) has acquired 1 Financial Parkway, a three-building, 426,788-square-foot corporate campus situated on 55 acres in Kalamazoo, Michigan.
MDH Buys Warehouse at Busy Laredo PortMDH Partners (MDH) has acquired a 129,301-square-foot, single-tenant industrial facility at 302 Grand Central Blvd. in Laredo, Texas, fully leased to DHL Global Forwarding.