Industrial
Georgia Retail Property to Undergo Redevelopment
Ultimate Realty will transform the state’s first air-conditioned shopping center into a 395,000-square-foot industrial complex.
Bronx Industrial Project Gets $305M Boost
Innovo Property Group and Square Mile Capital Management will use the financing to build the largest logistics facility in New York City.
Phoenix Investors Expands in Pittsburgh
A company affiliate is the new owner of a 625,000-square-foot building and 53 acres of land in West Mifflin, Pa.
JLL Closes Sale of Procter & Gamble’s Kansas City Campus
Kevin Wilkerson and Phil Algrim arranged the deal on behalf of the seller.
Lendlease Sells 16 MW Solar Project
The facility is partly built on a landfill in Wallingford, Conn., and is slated for completion later this year.
Newly Built Ohio Facility Trades for $18M
Magna Seating of America occupies the 153,000-square foot building, the manufacturer’s fifth location in the state.
China’s Lessons Offer Hope for US Logistics
The warehouse sector’s 4.6 percent vacancy rate should help it weather slowing activity, according to Prologis.
Under the Radar, Small-Bay Warehouse Space Surges
While deals involving huge distribution projects seem to get all the attention, small-bay warehouse spaces are also booming.
Americold Refinances $1.2B+ Unsecured Credit Facility
The transaction expands the REIT’s borrowing capacity and reduces its cost of capital, while extending debt maturities and increasing liquidity.
CalSTRS Lands $992M Loan for 7 MSF Portfolio
The pension fund relied on JLL Capital Markets to arrange financing for the 17-property collection of office, industrial and multifamily assets.