Industrial
Amazon-Leased Distribution Center Commands $98M
The Koll Co. and Seera Investment Bank B.S.C. sold the 1 million-square-foot distribution center in Phoenix, two years after acquiring the property for $74.8 million.
Beacon Partners Expands Charlotte Industrial Footprint
The company increased its portfolio with the acquisition of a 95,000-square-foot facility in Twin Lakes Business Park. CBRE represented the seller in the transaction.
EverWest Snaps Up WA Industrial Portfolio
The firm acquired a three-building package near Seattle, in a joint venture with a Colorado-based investment fund. The properties, which total 286,472 square feet, are fully occupied by global packaging company ProAmpac.
On the Market: 5 Interesting Listings for September
This month’s listings include office, retail and industrial properties located in desirable neighborhoods in or near Las Vegas, Orlando, Minneapolis, Atlanta and Los Angeles.
Industrial at Full Throttle—For Now
With e-commerce and international trade pushing the sector further, a couple of import tariffs are not likely to scare off investors. A full-on trade war, however, could make a dent or two.
Gladstone Commercial Corp. Acquires Fully Leased OH Property
The industrial asset has been serving as Midwest Acoust-A-Fiber’s headquarters since its completion in 1990. The company, which is also the sole tenant, has signed a lease extension.
Atlanta-Area Industrial Center Scores LEED Silver Certification
The two buildings are estimated to use about 25 percent less energy and 35 percent less water than traditional facilities, with savings directly benefiting tenants.
NJ Eyes Largest Single-State Offshore Wind Installation
The state is working toward 1,100 megawatts of offshore wind capacity to start construction before the federal tax credits expire.
Fully Leased Houston Manufacturing Facility Changes Hands
Hines sold the nine-building property located within the 650-acre Greens Port Industrial Park, with Stan Johnson Co. brokering the transaction.
Cardinal Industrial Nabs South Texas Facilities
The assets, located in McAllen and Pharr, total more than 450,000 square feet, spread across 25.8 acres. JLL brokered the deal.