Industrial
Provident Bank Secures Refi for NJ Business Park
Denholtz Associates plans to replace the parking areas and roofs, as well as repair the façades of the 11 buildings it owns within the 16-asset Bridgewater Business Park.
Magellan Completes $375M Investment Strategy
The company sold two Commerce, Calif. industrial properties for a total of $77.6 million, finishing off its three-year investment, development and disposition value-add plan.
Brennan, Arch Street Team Up for Sale-Leaseback Deal
Located in four East Coast states, the properties total 2.3 million square feet. The BlueLinx portfolio boosts the JV’s single-tenant net-leased industrial holdings to more than $1 billion.
CCP Lands 202 KSF Charleston-Area Industrial Asset
CBRE Capital Markets brokered the sale of Foxbank Industrial Park on behalf of the seller, JL Woode. Located in Moncks Corner, S.C., the property is home to Sea Fox Boats.
Sterling and Wilson Begins Work on 54MW Solar Project in Zambia
The solar plant, slated to spread across more than 128 acres, will be the country’s largest once finalized. French company Neoen is the project’s developer.
KBS Inks, Renews Tenants at WA Industrial Park
Totaling 84,547 square feet, the firm closed three leases at The Park at Woodinville, located 20 miles from Seattle and 15 miles from Bellevue.
E.ON Builds 5th Texas Coastal Renewable Project
Located in Kenedy County, the 201-megawatt Stella Windfarm will produce enough energy to power more than 60,000 households.
MCA Signs New Tenant, Sells 6 in Vegas
The company sold five buildings from Lamb Technology Center with a significant profit, and an additional industrial property was disposed of after the tenant defaulted on its contract.
Bandera Ventures’ DFW Industrial Project Moves Forward
HFF landed a construction loan for the 1.4 million-square-foot Gateway Logistics Center at Dallas/Fort Worth International Airport, right after securing a joint venture equity partner for the developer.
Hilco Scoops Up Former Chicago Power Plant
The company plans to demolish the building and construct an industrial facility in the Little Village neighborhood. Remediation work of the 70-acre site might take up to 24 months.