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Liberty Property Trust Buys $52M Inland Empire Industrial Building
The REIT purchased I-210 Logistics IV, a 426,300-square-foot property in Rialto, Calif., and subsequently leased the entire facility to engineering and logistics company CTDI.
What Fuels The Triangle Office Market’s Growth
Underpinned by a strong population growth and a low cost of living, Raleigh-Durham attracts an increasing number of office tenants. Katie Coppins, JLL’s new senior vice president for the Carolinas, provides an outlook on the expanding market.
Cloud Activity Drives Data Center Demand
Northern Virginia remains the sector’s largest market, but the lack of supply in some major metros is expected to drive more growth in secondary markets like Phoenix, San Antonio and Austin.
AT&T’s Dallas HQ Building Changes Hands
CBRE has facilitated the sale of the 37-story Whitacre Tower on behalf of Icahn Enterprises. AT&T’s lease renewal through 2030 played a significant role in attracting more than 20 bidders.
MOB Sector Keeps Thriving
Demand for the specialty product is likely to stay robust for the long term, Marcus & Millichap predicts in a new report.
REI Refinances Indianapolis Office Tower
The 27-story downtown building landed a fixed-rate loan from Nationwide Real Estate Investments, with HFF spearheading efforts for the borrower.
Binswanger Sells Minority Stake to Key Employees
A board comprising David Binswanger, Frank Binswanger, two employee investors and an independent director will now run the company.
Kimco Realty Trades Colorado Shopping Center
The disposition is part of the retail REIT’s strategy of selling between $700 million and $900 million in assets this year.
Granger Associates Sells Houston Manufacturing Facility
The property located on 35 acres is the former home of Lectrus Corp. NAI Partners Industrial Group represented the former owner.
Brennan, Arch Street Buy Multi-State Industrial Portfolio
Progressive Converting Inc. is the sole occupant of the three properties, which are located in the Green Bay, Wis., and Scranton, Pa., metropolitan areas.