Business Specialties
Stream Tapped to Lease Dallas-Area Industrial Facility
Morgan Stanley appointed Stream Realty Partners as leasing manager of Eagle Park 20/35. The 454,408-square-foot industrial property in DeSoto, Texas, was completed last year.
Harbor Freight Adds 1 MSF to SC Hub
Already the region’s largest employer, the retailer intends to double its workforce. With this expansion, Harbor’s total investment in South Carolina will exceed $200 million.
IKEA Leases 1.7 MSF in TX, CA
The Swedish furniture retailer leased two distribution centers in Baytown, Texas, and American Canyon, Calif. Each project will create around 200 jobs.
CBRE Puts Chicago Retail Property on the Market
Elston Logan Plaza is fully leased to XSport Fitness, Panera Bread and Mattress Firm. CBRE Vice President Keely Polczynski will be in charge of listing the property.
Irvine Opens New Chicago Office, Makes Promotion
Beau Rawi, promoted to regional vice president of leasing, together with the company’s Executive Vice President Pamela Van Nort, will lead the team working from the new regional office.
Matan Buys 10-Acre NoVa Industrial Site
Dulles North Industrial Park will comprise of two warehouse buildings totaling 293,000 square feet. The site is currently the northern-most industrial project in the Dulles Corridor.
Microsoft Adds Another Data Center in San Antonio
The company acquired a 202,000-square-foot data center in the far West Side, marking its fourth facility in Alamo City.
Investcorp Makes $156M Manhattan Office Buy
The firm joined forces with Brickman to acquire two assets totaling 267,000 square feet. The Midtown Manhattan properties are fully occupied by more than 20 long-term tenants.
Columbus Engages Arcadis for Wastewater Plant Improvements
Arcadis will design a heat and power engine capable of burning biogas to produce electricity and heat for the plant, helping the city increase its sustainability.
Under the Radar: 2018 Top Markets
Investors are no longer thinking big in big cities, as secondary markets have stolen the spotlight by offering younger and highly educated workforce, diverse economy and job opportunities. According to the Urban Land Institute and PwC’s Emerging Trends in Real Estate 2018 report, secondary markets have become successful replicas of the competitive metros, but where should you actually focus your attention?