Industrial
Industrial Market: NYC in Focus
Executive Managing Director Alan Weisman of Lee & Associates provides insight into New York City’s industrial warehouse market, revealing the changes the industry has faced during the past few decades.
NJ Logistics Properties Land $52M Financing
The loan comprises a senior mortgage and a line of credit, which will pay off existing debt and facilitate the acquisition of equipment and the construction of an additional warehouse.
CBRE Arranges NC Industrial Sale
Executive Vice Presidents Patrick Gildea and Randy Getz, Senior Associate Matt Smith and Senior Financial Analyst Grayson Hawkins represented the sellers.
Quaker Distributing Signs Long-Term Lease at 800 KSF Facility
The Pizzuti Cos. has recently completed construction on Rickenbacker West I, a Class A facility located near Rickenbacker International Airport in Columbus, Ohio.
FRP Acquires Baltimore-Area Industrial Park
The company intends to perform capital improvements on the 270,000-square-foot Cranberry Run Business Park in Aberdeen, Md. The $6.3 million purchase is part of the firm’s new development strategy.
Oxford Cos. Arranges MI Flex Building Deal
An Oxford-sponsored investment partnership, Grand Venture Associates, previously bought the Brighton building in 2007. At the time of sale, the asset was fully occupied.
Cloudy Phase, Brighter Future for Solar Industry
After last year’s slowdown, solar projects and employment are both on track to rebound in 2019.
GM, DTE Energy Sign Agreement for 300GwH of Wind Power
To date, 20 percent of GM’s global energy supply comes from renewable sources. The car manufacturer is a member of the Renewable Energy Buyers Alliance.
Farmers Insurance Exchange Signs New Lease in Phoenix
The company will occupy a 17,351-square-foot building, part of the Spectrum Ridge Flex park. Kidder Mathews brokered the transaction on behalf of the owner.
JLL Carolinas Brokers 405 KSF Industrial Sale
CM Knight Logistics acquired the former LaFrance Industries manufacturing facility in Anderson. At the time of the sale, 288,000 square feet were available for lease.