Industrial
Mack-Cali Sells NY Warehouse for $70M
The disposition of the 386,000-square-foot Elmsford Distribution Center in Westchester County marks another step in the company’s portfolio transformation program.
Texas’ Largest Energy Storage System Begins Operation
As it captures excess solar power, the lithium-ion structure has a capacity of 10MW/42MWh. That makes it the seventh largest nationally.
Cook Medical Acquires 850 KSF Facility in NC
The medical devices manufacturer intends to relocate all local workforce to the former R.J. Reynolds Tobacco Co. plant in Winston-Salem’s Whitaker Park.
Net Lease Retail Cap Rates Flat in Q4, Up for the Year
Industry participants expect an active market in 2019, as well as higher acquisition yields, The Boulder Group reports.
Tradepoint Atlantic Receives $135M for 2 Industrial Buildings
HFF facilitated the financing of the build-to-suit Class A properties in Sparrows Point, Md., which are fully leased to Under Armour and Amazon.
Rexford Industrial Ends 2018 With 2 Deals
The Southern California REIT completed transactions totaling $29.9 million in metropolitan Los Angeles, where demand for distribution space remains at record levels.
Minneapolis-Area Logistic Centers Command $26M
CBRE Capital Markets facilitated the sale of a 386,295-square-foot core-plus portfolio to Cabot Properties. The buildings were 88 percent leased at the time of the acquisition.
Urban Outfitters Inks 310 KSF Industrial Lease in PA
The 309,000-square-foot facility is being developed by Herring Properties in Bucks County, Pa., and is slated for completion by mid-year 2019.
South Florida’s CRE Market: What to Expect in 2019
Colliers International’s Executive Managing Director Kenneth Krasnow addresses the region’s best performing sector and what will continue to drive growth in the next 12 months.
Bridge Development Makes Chicago-Area Industrial Acquisition
The company will demolish the existing facility and redevelop it into a state-of-the-art distribution center by the end of 2019.