Industrial
Austin Energy to Acquire Nacogdoches Facility for $460M
The transaction is expected to close in mid-2019 and will enable Austin Energy to avoid about $275 million in additional costs over the remaining term of the agreement.
Cushman & Wakefield Facilitates $16M CA Industrial Sale
The new owner financed the acquisition with a $10 million loan from East West Bank. A Mitsubishi subsidiary is the only tenant of the 73,000-square-foot building in Poway.
TIG Raises $200M for New Fund
The firm raised $200 million to start its TSP Value and Income Fund II, which is targeting a net IRR of 12.5 percent or higher.
Meridian Design Kicks Off St. Louis-Area Industrial Project
The company is developing the speculative building on a 135-acre parcel within Gateway Commerce Center on behalf of Exeter Property Group.
Jackson-Shaw, LaPour Partners Kick Off Metro Phoenix Industrial Project
The joint venture is developing Parc Germann, a new 224,471-square-foot, two-building industrial property in Chandler, Ariz. The facility is expected to open this year.
NJ Manufacturer Switches to Solar Energy
Estimates show that over the first year, the projected energy savings will be equivalent to the annual electricity usage of 78 households.
Apple Exceeds Green Goals by Enrolling Suppliers
In 2018, the partnerships with its suppliers generated clean energy that roughly equaled the electricity needed to power more than 600,000 homes in the U. S.
NKF Facilitates MA Full-Building Lease
Campanelli and Clarion Partners welcomed two new tenants to Building 1, a recently completed, Class A warehouse within Campanelli Business Park of Bellingham.
Trammell Crow, Clarion Partners Kick Off Phase 2 of Austin Industrial Park
The joint venture is building the second segment of Park 183, which will encompass an 85,000-square-foot build-to-suit facility for Federal Express.
Logistics Property Co. Inks 1 MSF Lease at DFW Industrial Development
CPG manufacturer JM Smucker Co. will occupy a portion of Southport Logistics Park, a 252-acre master-planned logistics space situated in Wilmer, Texas.