Industrial
Supervalu Announces Strategic Shift
The company has completed the sale and leaseback of seven of its distribution centers as part of a plan to transition away from the responsibilities of running traditional retail grocery stores.
Simone Development Snags CT Warehouse/Office Asset
The 118,500-square-foot property at 316 Courtland Ave. currently has 65,638 square feet of warehouse and R&D, as well as 12,768 square feet of office space available for lease.
Terreno Picks Up Newark Industrial Asset for $6M
The company completed the transaction with the help of $55 million in acquisition financing, secured by a nine-property portfolio located mostly in the Jersey cities of Newark and Kearny.
Is It Time for a Change?
Does your property need an update? Or have you recently completed some construction? This month, Commercial Property Executive and Kingsley Associates partnered to find out what tenants think of renovations.
Phoenix Investors Grabs $14M Industrial Portfolio
The two former Quad Graphics properties, located in rural Tennessee and Illinois, total more than 1.1 million square feet. The new owner plans to renovate both assets.
NAI Partners Arranges Sale of 57 KSF Houston Industrial Asset
Located at 12550 N. Houston Rosslyn Road in the city’s Burlington North Industrial District, the Class-E engineering property features four 20-ton cranes and three overhead doors.
Blackstone to Buy Gramercy Property Trust for $7.6B
The transaction will add more than 80 million square feet of high-quality industrial properties to the private equity giant’s holdings.
Industrial to Remain the ‘Asset Du Jour’
Demand among investors and developers for industrial product shows no signs of slowing down, Avison Young Senior Vice President Eric Swanson notes in an interview with CPE at the 2018 ULI Spring Meeting.
American Realty Advisors Snags CA Industrial Property
A joint venture between Batcheller Equities and Panattoni Development Co. sold the 143,930-square-foot facility in Anaheim, which is currently 100 percent occupied by Rosendin Electric.
NAI Partners Arranges 64 KSF Houston Industrial Sale
The 9,000-square-foot 14790 Park Almeda is part of the South Belt Industrial Park, while 14333 Sommermeyer is part of the Sommermeyer Neighborhood Depository/Recycling Center.