Industrial
City Furniture Signs 246 KSF Industrial Lease in Florida
The Park @ 429 in the Orlando MSA is scheduled for completion next month. The Fort Lauderdale-based home retailer is expected to open its new location this October.
Dollar General Leases 240 KSF Warehouse
The new lease has increased the company’s presence at Tejon Ranch Commerce Center by nearly 40 percent. A joint venture of Majestic Realty and Tejon Ranch Co. developed the building.
Kearny, PCCP Break Ground on San Diego-Area Industrial Park
The partnership is set to complete the $40 million first phase of the 311-acre project by the summer of 2019.
Black Creek Buys Inland Empire Warehouse Portfolio
The newly built assets encompass roughly 745,000 square feet and are situated nearby major thoroughfares including interstates 10 and 215 and State Route 60.
On the Market: 5 Interesting Listings for March
This month’s listings include a boutique hotel in Boulder, Colo.; a former bank covered by vegetation in Santa Ana, Calif.; and an upscale office building located on Embassy Row in Washington, D.C.
Panattoni Breaks Ground on 815 KSF Warehouse in TN
The build-to-suit facility, which is fully preleased to Dorman Products, is scheduled for completion by the end of the year.
JV Arranges $109M Refi of Multi-State Facilities
Working on behalf of a partnership of investors advised by JP Morgan Asset Management and IDI Logistics, Cushman & Wakefield secured the loan for the refinancing of eight properties located in Illinois, Ohio, Texas and California.
Graham Commercial Sells North FL Industrial Assets
Interstate South Commerce Center encompasses more than 260,000 square feet across six building, currently leased to notable tenants including Honeywell and Lennar.
Duke Realty Buys 3.1 MSF Industrial Portfolio
With this acquisition, which includes six newly constructed buildings and two sites for future development, the company’s New Jersey footprint has increased to 5.6 million square feet.
Murphy Development Trades $27M San Diego Property
The industrial asset, which contains more than 165,000 square feet, sits within a mile and a half of the U.S.-Mexico border.