Industrial
Rexford Nabs $11M Inland Empire Industrial Asset
The company partially funded its acquisition with the sale of a six-building industrial park located in the area for approximately the same price.
Large-Scale Industrial Project Breaks Ground in Phoenix
Irwin G. Pasternack AIA + Associates celebrated the start of construction for TEN Distribution Center 1, which is part of a planned $300 million, 3.6 million-square-foot industrial park.
Prologis, Norges Buy 1, Sell More
The joint venture partners wrapped up the acquisition of a San Francisco-area industrial property and the disposition of a 3.1 million-square-foot national logistics portfolio, which was picked up by a Blackstone affiliate. Together, the transactions involved a total of $310 million.
BLT Enterprises Inks 3 SoCal Leases
Enterprise Rent-a-Car, NN Inc. and United Rentals Realty have signed industrial leases totaling more than 100,000 square feet in Irvine and Santa Monica.
DAUM Closes 200 KSF CA Industrial Lease
United Exchange Corp., a global manufacturer of consumer goods, signed an 87-month lease at a newly built warehouse in Rialto, Calif., and will be relocating from it’s Cerritos, Calif., facility.
JV Acquires 85-Acre IL Land Parcel
Formerly known as Busse Farm, the land will be used for the development of Elk Grove Technology Park, a 1.2 million-square-foot industrial and data center property.
Tempo Automation Signs San Fran Lease
The company will relocate its headquarters to approximately 42,000 square feet of industrial space just outside the city’s downtown area.
Transwestern Handles Sale of Denver Flex Property
The office and warehouse development in the High Pointe Business Center was built in 2001 and is fully occupied by a diverse mix of stable, industry-leading tenants including Eaton Corp., AimLock and Beabout Brock Easley.
Savannah Industrial Building Commands $57M
Monmouth Real Estate Corp. purchased the new 831,764-square-foot building at 590 Northport Parkway, which has been net-leased to Shaw Industries for the next decade.
Rich Uncles Buys AvAir HQ in Arizona for $27M
Lee & Associates has brokered the transaction on behalf of the buyer. The sale price equates to nearly $163 per square foot.