Industrial
National Grid Awaits Approval of Revolution Wind Agreement
The project is more than 13 times the size of the 30-megawatt Block Island Wind Farm, the country’s first offshore wind farm.
Construction Outlook Calls for Continued Momentum
Potential risks to the industry, including ongoing tariffs and rising costs, are expected to be offset by the generally strong U.S. economy in 2019, at least in the first half, JLL reports.
Jacksonville Warehouse Changes Hands
Coca-Cola Beverages Florida acquired the industrial asset for more than $3 million. The building, constructed in 1993, contains approximately 106,000 square feet.
Vineyard Wind Advances 1.2GW Liberty Wind Project
This would be one of the largest offshore wind projects in the world, capable to generate enough emission-free energy to power more than 750,000 New York households.
7X Energy Sells 100MW Solar Project to Duke Energy Renewables
Lapetus will occupy approximately 800 acres, with construction scheduled to begin before the end of March. This is the first large scale solar project in Andrews County, Texas.
Bridge Development Breaks Ground on LA-Area Industrial Facility
The company has launched construction of Bridge Point Vernon, a 117,360-square-foot asset located three miles south of downtown Los Angeles.
JV Completes Sale of PA Industrial Facility
J.G. Petrucci and The Davis Cos. have sold Wind Gap Logistics Center, a 349,012-square-foot warehouse and distribution property developed in 2018.
W.P. Carey Invests $75M in Food Production Facility
Cambridge Holdings will develop a 290,000-square-foot, build-to-suit property for Cuisine Solutions in San Antonio, scheduled for delivery in 2020.
ILPT to Acquire Industrial Portfolios for $905M
The logistics REIT inked two separate agreements that will ultimately increase its national footprint by a total of 12.9 million square feet.
Oberg Medical Signs Full-Building Lease in Chicago
Venture One Real Estate acquired the 60,126-square-foot facility last October and invested in interior renovations. Colliers International represented the tenant.