Industrial
Brennan Investment Group JV Buys 1.3 MSF Chicago Warehouse
The real estate firm and a client of Arch Street Capital Advisors purchased the fully leased property through the $300 million USIPA – Brennan Ventures II LLC investment vehicle.
CenterPoint Expands NJ Manufacturing Building
The developer broke ground on its first vertical construction project in the state, a 73,000-square-foot expansion of a facility in Somerset.
Industrial Real Estate Demand Growth is Decelerating
While ecommerce sales will continue to multiply, these two factors will dampen warehouse and distribution absorption, say Deloitte’s Steven Bandolik and Saurabh Mahajan.
FPL Begins Construction on 745MW Solar Projects
The 10 74.5-megawatt solar developments will increase the utility provider’s installed capacity by 60 percent and boost the company’s total solar capacity to 2 gigawatts.
Amazon-Leased Logistics Hub Completed in Phoenix
Graycor delivered the roughly 569,000-square-foot, Class A facility that the e-commerce giant will use as a fulfillment center. The building is part of a master-planned bulk distribution park.
TriGate Capital, Finial Group Purchase DFW Industrial Park
Using a loan from Inwood National Bank, the joint venture acquired the 227,709-square-foot Westwood Business Park in Farmers Branch, Texas.
Hillwood Expands Metro Atlanta Presence
The company purchased a 100,000-square-foot warehouse in Norcross for $6 million, marking the its second acquisition in the Atlanta market this year.
JLL Brokers DFW Industrial Sale
Executive Vice President Ryan Matthews and Vice President Joel St. John represented seller Besco Supply. The new owner intends to renovate the 23,413-square-foot facility.
Wastewater Plant Gets Solar Treatment in CT
Greenskies Renewable Energy has built two similar photovoltaic projects for the City of Middletown and Town of Ledyard, Conn.
Brennan Investment Group Sells 182 KSF Chicago-Area Industrial Portfolio
Principals Erik Foster, Mike Wilson, Chris Lydon and Chris Tecu from Avison Young worked on behalf of the seller in the two-building transaction.