Industrial
Hellmann Trades Miami-Area HQ for $43M
The full-service logistics company, based in Germany, entered into a long-term leaseback agreement with the new owner, Industrial Logistics Properties Trust.
Urban Logistics Asset Coming to the Bronx
A joint venture between Innovo Property Group and Square Mile Capital Management will develop the 700,000-square-foot transit-oriented property, slated to open in 2020.
Major Industrial Park Coming to Texas
Stonemont Financial broke ground on a 540-acre project in El Campo. Ridgeline Property Group serves as the developer, while NAI James E. Hanson and NAI Partners are in charge of marketing the campus.
ASB Real Estate Acquires Miami Industrial Facility
Terreno Realty Corp. sold the asset on behalf of the Allegiance Real Estate Fund, its $6.9 billion core vehicle. The building is 100 percent leased on a long-term basis to Synergy Custom Fixtures.
CBRE Facilitates Ohio Industrial Sale
The new owner, a print marketing solutions provider, acquired the vacant property with the intention of transforming it into the company’s new corporate headquarters.
JLL Brokers Houston Industrial Lease Expansion
Evoqua Water Technologies, currently occupying approximately 45,000 square feet within World Houston Business Park, will consolidate its local operations at the 3.5 million-square-foot complex.
AT&T, NextEra Energy Expand Wind PPA to 820MW
With this expansion, AT&T marks one of the largest corporate renewable energy purchases in the U.S., anticipated to reduce greenhouse gas emissions equivalent to taking more than 530,000 cars off the road.
PCCP, TriStar Build $115M Warehouse in St. Louis
The joint venture is developing the two-structure, 2 million-square-foot project on 160 acres at Gateway Commerce Center in Edwardsville, Ill., for World Wide Technology.
CBRE Tapped to Handle Leasing of SC Industrial Development
Located within the Foreign Trade Zone industrial park in Summerville, the property will comprise 562,000 square feet and is scheduled for completion by the fourth quarter of 2018.
JV Launches Arizona’s Largest Integrated Solar, Battery Plant
NextEra Energy Resources joined forces with Salt River Project—a community-based, not-for-profit public power utility—to deliver the state’s largest solar energy center paired with battery system.