Industrial
Brown Commercial Arranges Sale of 3 Chicago Industrial Assets
Gilberts and Groves LLC purchased the properties, totaling 136,000 square feet, for $7 million. Two of the assets are in Elk Grove Village and the other is situated in Gilberts.
STAG Buys 279 KSF Distribution Facility in Central PA
United Natural Foods is the sole tenant of the distribution facility located in York, Pa., which traded for $18 million.
Ecomelida Nabs SC Industrial Facility
Binswanger represented Federal-Mogul Corp. in the sale of a 200,000-square-foot building in Orangeburg. The new owner plans to expand the asset by roughly 500,600 square feet.
Gladstone Acquires Central AL Industrial Asset
Located 20 miles from Tuscaloosa, the building encompasses more than 125,000 square feet of manufacturing and distribution space, purpose-built for Truck and Wheel USA Corp.
Kraft Heinz Sells 107-Acre Boston-Area Industrial Property
The development is situated on the northern outskirts of Boston and is one of the only sites in the area that can accommodate users from 300,000 to 700,000 square feet.
Pair of NJ Industrial Assets Commands $65M
Sitex Group recently developed one of the buildings and completely renovated the other. Both assets sit in the active New Jersey Port submarket.
Marijuana Laws Slowly Impact Industrial CRE
As more and more states legalize the medical and/or recreational use of marijuana, demand for cultivation/grow facilities is on the rise, spurring the repurposing of distribution and warehouse properties to accommodate the budding business.
Amazon to Build First Fulfillment Center in MO
The 800,000-square-foot facility will be located in St. Peters, Mo., and is expected to create more than 1,500 full-time jobs.
Penwood Acquires Industrial Asset for $44M
NKF Capital Markets brokered the sale of the 347,119-square-foot R&D/industrial facility in Thousand Oaks, Calif. The buyer was self-represented in the deal.
Avison Young Inks 137 KSF Lease in Houston
MAN Diesel & Turbo’s new headquarters will feature 105,309 square feet of air-conditioned service shop space and 32,125 square feet of office space.