Industrial
Cabot Properties Picks Up $16M Philly-Area Warehouse
The roughly 174,000-square-foot warehouse is currently fully occupied by a single tenant and includes an urban infill site. The location allows for immediate access to three interstates.
Philadelphia-Area Distribution Facility Trades for $13M
CBRE brokered the sale and leaseback of the roughly 291,000-square-foot industrial property in Pennsburg, situated one hour away from downtown Philadelphia.
Sealy & Co. Acquires 2 Oklahoma City Industrial Assets
Purchased on behalf of Sealy Strategic Equity Partners, the properties total more than 400,000 square feet, bringing the firm’s local square footage ownership to more than 2.1 million square feet.
JV Buys Warehouse, Plans Office Revamp in Richmond
The 35,985-square-foot industrial asset is located in the Scott’s Addition neighborhood. The new ownership intends to reposition the asset as a creative office property, with extensive remodeling work planned for the next six months.
Black Equities Buys Houston Business Center
The company expanded its portfolio by a total 192,000 square feet of industrial space in Houston. The facility is within the 440-acre master-planned business center dubbed Interwood Business Park.
FRP Sells $347M Multi-State Industrial Portfolio
The 3.6 million-square-foot group of assets, located across three Mid-Atlantic states, includes 40 warehouse and warehouse/office properties, as well as three land parcels.
Bridge Leases 750 KSF Chicago-Area Industrial Space
The three properties in Cicero, Waukegan and Franklin Park are currently under construction, with delivery slated by the end of 2018.
ViaWest Sells 249 KSF Industrial Portfolio in TX
CBRE represented both parties involved in the deal. Merchant Industrial is a four-building property in El Paso, which the company previously acquired back in 2015.
Goodman Group’s LA-Area Logistics Center Hits Full Occupancy
The company signed Damco, a provider of freight forwarding and supply chain management services, to a 10-year lease, occupying all six of its buildings at Goodman Gateway Santa Fe Springs.
Friedman Sells MI Industrial Building
The property, which used to be known as Madison Athletic Club and previously operated as a full service gym, is being repurposed for specialty food manufacturing and distribution space.