Industrial
Marcus & Millichap Facilitates Sale of 2 FedEx Centers
The industrial assets are located in Atlanta and Marcus Hook, Pa., and changed hands for $32.3 million and $15.4 million respectively.
JCPenney Sells Legacy WI Warehouse
The Wauwatosa outlet centers encompasses more than 2 million square feet and was bought by an affiliate of Phoenix Investors for $31.3 million.
Bixby Continues Western Industrial Expansion in Seattle
The 55,660-square-foot asset dating back to 2004 is located south of downtown Seattle, with Cummins Inc. as its sole tenant.
Ridge Completes Austin Industrial Park Development
The 351,171-square-foot Southpark Commerce Center V is part of the larger Southpark Commerce Center, which will comprise 2.3 million square feet at final build-out.
CRE Development Trends in the Midwest
Retailers are racing against the clock to fulfill online orders, pushing them to invest in large distribution facilities all across the Midwest. Laird Goldsborough, president of Valbridge Property Advisors, talks about secondary markets that are in the spotlight.
Blackstone Snags Industrial Portfolio for $1.8B
With the closing of the transaction, Blackstone Real Estate Income Trust has added 22 million square feet of last-mile infill warehouse and distribution facilities to its holdings.
Trammell Crow Completes Oregon Corporate Park
The company has teamed up with Principal Real Estate Investors to deliver the first LEED-certified speculative industrial development since 2012.
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.