Industrial
Mericle Adding 6 Industrial Buildings in Pennsylvania
Located within the CenterPoint Commerce & Trade Park in Jenkins Township and Pittston Township, the speculative buildings will encompass 802,000 square feet.
Chicago Industrial Still Thriving Amid New Deliveries
The first quarter yielded a 20 basis-point drop in the vacancy rate and 1.6 million square feet of positive absorption amid a bevy of new deliveries, per Avison Young’s new report.
Investcorp Acquires $170M Industrial Portfolio
The eight buildings, which are spread across the U.S., comprise 1.4 million square feet and are 100 percent leased to such tenants as FedEx Ground and XPO Logistics.
Auto Parts Distributor Lands New Digs in New Jersey
NAI James E. Hanson negotiated a 36,750-square-foot lease for ISC Industries in Carlstadt, just 8 miles from New York City and 15 miles from Port Newark
Industrial Property in CA Trades for Record $214M
Pacific Industrial sold the 1.5 million-square foot property to a life insurance company. The facility is fully leased to LG Electronics and FedEx.
HFF Secures $17M Refi for Sacramento Facility
The Bendetti Co. received the loan for a 302,400-square-foot industrial asset located in West Sacramento, an emerging industrial market.
Franklin Street Forms Industrial Team in Orlando
Larry Kahn has 20 years of industrial real estate experience. He will work together with Scott Edwards in the newly formed industrial sales and leasing department.
Dominion Energy, Facebook Expand Solar Generation
The partnership will expand renewable energy generation by 350 megawatts in six solar projects slated to begin commercial operation gradually by mid-2020.
Exeter Property Buys Inland Empire Distribution Center for $98M
The company bought the Class A facility in San Bernardino, Calif. Bob’s Discount Furniture is the 800,000-square-foot property’s only tenant.
Cross-Border Investment in US Industrial Real Estate Hit $14B in 2018
Together, Canada, China and Singapore accounted for roughly $10 billion of the investment volume, according to a new report by CBRE.