Business Specialties
Hilco Scoops Up Former Chicago Power Plant
The company plans to demolish the building and construct an industrial facility in the Little Village neighborhood. Remediation work of the 70-acre site might take up to 24 months.
Charleston Logistics Provider to Invest $36M in 400 KSF Expansion
The company acquired 26 acres of land at a former Navy base, with plans to build a facility to support its operations near Port of Charleston.
CareTrust Buys Montana MOB
The overall investment in the asset amounted to more than $5 million, including transaction expenses. Evans Senior Investments arranged the deal.
Duke Realty Secures Tenant for Chicago-Area Warehouse
Velky Brands will occupy half of the 2017-built speculative facility in Romeoville. Cushman & Wakefield represented the owner in this deal.
New Creative Office Building Going Up in NC
Childress Klein has begun construction on The Nexus, a 154,000-square-foot, six-story property within the Waverly community in south Charlotte.
Panattoni Developing 1 MSF Warehouse in Memphis
The firm, along with partner Mohr Capital, is developing the industrial facility, located at Panattoni’s 1,600-acre Gateway Global Logistics Center in Marshall County, Miss.
Northbridge Investment Nabs New Jersey Mid-Rise
HFF’s Investment Advisory team marketed the property on behalf of the seller, an institutional client, and procured the Canada-based buyer.
Is Your Property Safe?
This month, CPE and Kingsley Associates ask tenants if they think their properties are secure, and what can be done to improve the safety situation.
United Pacific Sheds CA Office Asset in Sale-Leaseback Deal
The company sold the nearly 41,000-square-foot property for $15 million and signed a 10-year lease with the new owner, a Northern California-based company.
CenterPoint Buys 224 KSF Industrial Asset in NJ
The company continues its buying spree in the state’s port-related submarkets, with the acquisition of a a fully leased warehouse and distribution facility in South Brunswick, N.J.