Industrial
Real Capital Solutions Buys 1.7 MSF FL Asset
IP Capital Partners sold the property—the largest commercial building in Jacksonville—for roughly $48 million. Cushman & Wakefield represented the seller in the transaction.
Red Rock’s 3 MSF Atlanta-Area Industrial Project Underway
Shugart Farms Phase II, to be completed in stages, will offer a 982,800-square-foot speculative building in Palmetto, Ga., by the end of the year.
South Florida Industrial Facility Sells for $30M
The fully leased, cross-dock warehouse serves as the corporate headquarters for Vital Pharmaceuticals and Mondelez International’s South Florida distribution hub.
Flexport Leases LA-Area Facility
Cushman & Wakefield arranged the transaction on behalf of the tenant for a newly developed industrial facility located in Compton, Calif.
Exeter Picks Up Atlanta-Area Warehouse
The previous owner, Suzuki Motor Corp., traded the industrial asset for $9 million. The building last changed hands in 1998.
Leaders Shed Light on Industrial Sector’s Prospects
At NAIOP’s annual I.CON conference, top executives provided insights into the trends shaping a dynamic asset category and offered glimpses of their investment strategies.
Duke Realty Sells IL Industrial Building
Neuco, a distributor of HVACR replacement parts, acquired the roughly 145,000-square-foot Bolingbrook property to serve as its new corporate headquarters.
NKF Facilitates MI Industrial Sale
National Print and Mail sold the 1965-built property to SourceHub, an online distributor of warehousing and facility equipment. The buyer plans to relocate its operations in July 2018.
PS Business Parks Grows Mid-Atlantic Industrial Footprint
The REIT purchased a group of 19 assets from MRP Realty and institutional investors advised by J.P. Morgan Asset Management, adding 1.1 million square feet to its holdings.
Incipio Signs Warehouse Lease in California
The designer and manufacturer of mobile device accessories leased more than 300,000 square feet in Corona. JLL negotiated the deal on behalf of the tenant, while Colliers represented the landlord.