Industrial
Duke Realty Closes 354 KSF Lease at NJ Asset
The firm signed eCommerce fulfillment and logistics solutions company 4PX Express to fully occupy ePort 1000, one of three new buildings in ePort Logistics Center.
MGM Resorts Bets on 100MW Solar Array
Located 25 miles north of Las Vegas in the Dry Lake Solar Energy Zone, the solar project will provide as much as 90 percent of daytime power to MGM Resorts’ properties on the Strip.
Xcel Advances $1.6B Wind Plan for Texas, NM
Xcel Energy will own and operate two more wind farms in Texas and New Mexico, which combined will have 1,230 megawatts of capacity. The facilities are anticipated to save customers in the region $2.8 billion over a 30-year period.
Meritex Grabs Charlotte Industrial Asset
The new owner plans to begin a capital improvement program to reposition the vacant building in the city’s Airport/West submarket.
Terreno Expands WA Portfolio With $6M Industrial Buy
The property is located a 20-minute drive south of downtown Seattle. The asset comprises a distribution facility and 42 parking spaces.
CRG Sells GA Industrial Asset for $57M
Griffin Capital picked up the recently completed 1 million-square-foot cross-dock facility, which was a build-to-suit project for Shaw Industries Group.
Pacific Industrial Acquires OC Industrial Facility
Voit Real Estate Services represented the buyer in the off-market purchase of the two-building, 157,204-square-foot property adjacent to John Wayne Airport in Costa Mesa.
SunCap Breaks Ground on AZ Industrial Asset
Twenty-one percent of the 134,358-square-foot Gilbert Spectrum Building One has been pre-leased to SDHQ Off Road. The property is scheduled for completion by the second quarter of 2019.
Rexford Industrial Buys, Sells $136M in SoCal Assets
The standout of the three separate transactions is the addition of the fully leased, 695,100-square-foot industrial facility at 5300 Sheila St. in Commerce, near downtown Los Angeles.
Executive Spotlight: Fred Boehler, Americold
CEO Fred Boehler spoke with CPE about the challenges facing the temperature-controlled warehouse industry, technology’s impact on real estate and the changing retail landscape.