Industrial
TCC Joint Venture to Develop Industrial Property South of Portland
The half-million-square-foot warehouse and beverage distribution facility is set to include office space, with possibility to add an additional 224,000 square feet.
WestRock Signs 74 KSF Industrial Lease Near Seattle
The packaging company joins Uline Corp. at Hogum Bay Logistics Center, which occupies the bulk of the 1.1 million-square-foot facility in Lacey, Wash.
PNM to Expand Transmission Line to Bolster Renewable Energy
The Western Spirit line, set to accommodate roughly 800 megawatts of new wind energy, is scheduled for completion in 2021.
DaVita Commits to 100 Percent Renewable Energy
The health-care provider signed two VPPAs with a Boston-headquartered renewable energy developer, aiming to reach its goal by 2022.
Pittsburgh Industrial Portfolio Trades for $38M
CBRE represented the seller, Bentall Kennedy, in the sale of the seven-building industrial portfolio. The properties include approximately 408,000 square feet of space located near the city’s downtown.
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.