Industrial
Lennox International to Relocate Tampa Operations
The climate control solutions provider will occupy nearly 22,000 square feet at Sabal Park Distribution Center starting with October. The Dikman Co. facilitated the lease.
Industrial Vacancy to Stay Near Historic Lows
High demand, low supply and rising rents seen in the second quarter will likely persist through year’s end, according to Prologis.
BKM Capital Partners Hits Milestone With $111M Las Vegas Buy
The purchase of the 13-building industrial property marks the California firm’s largest to date. Pacific Business Center was 85 percent leased at the time of sale.
Duke Energy to Add 350MW to Oklahoma Wind Park
Upon completion, which is slated for December 2020, Frontier I and II will generate a total of 550 megawatts of wind energy.
Kidder Mathews to Manage 3 MSF Portland Portfolio
The contract for 13 industrial properties, owned by newly formed BentallGreenOak, brings Kidder Mathews’ management footprint in the metro to 12.5 million square feet.
CleanCapital, CarVal Acquire 75MW Solar Portfolio in NJ
Dubbed Olympic, the 15 facilities were acquired from KDC Solar. Off-takers for these projects include Fortune 100 companies as well as local governments and institutions.
DTE Energy to Expand MI Wind Portfolio by 455MW
The three new projects are scheduled for completion in 2020 and are part of the company’s commitment to reduce carbon emissions by at least 80 percent by 2040.
Solar Industry Asks Congress to Extend ITC
The policy, set to begin its phaseout next year, has spurred $140 billion in private sector investment and the creation of more than 200,000 jobs since 2005.
SunCap Trades South FL Industrial Asset
The nearly 60,000-square-foot warehouse and distribution center is fully occupied by a single, long-term tenant under a lease expiring in 2028.
Ashley Capital Buys 800 KSF Distribution Facility in VA
The new owner plans to begin work on a complete renovation at the industrial property, including rebranding it as Virginia Gateway Logistics Center.