Industrial
DAUM Arranges Sale of OC Industrial Facility
The company arranged the $32.6 million sale of a newly built, 181,069-square-foot asset on behalf of the buyer, Independent Trading Co.
OMP Signs Torani to 327 KSF in Bay Area
The 15-year lease, valued at $65 million, will lead to the company’s relocation out of South San Francisco into a new manufacturing facility.
STORE Capital Buys AZ, CA Assets for $21M
The two properties sold by Erickson Construction feature railroad spurs and are located near major thoroughfares. The transaction involved a lease contract for STORE Capital.
Glass Manufacturer to Invest $41M in TN Expansion
One of the world’s largest glass producers, AGC Group, will add 100,000 square feet to its existing church Hill facility. The investment will create 85 new jobs.
Vista Grows Silicon Valley Footprint With $113M Purchase
Cushman & Wakefield’s Northern California team marketed the property on behalf of the seller, The Carlyle Group.
Lowe Snags 26-Building Industrial, Office Portfolio
The properties were constructed between 1954 and 2008, and many of the buildings have been upgraded and expanded over the years.
Avison Young Chicago Hires 2 New Principals
Chris Lydon and Chris Tecu will work as a team focusing on industrial brokerage services and will be based in the firm’s office in Rosemont, Ill.
Alabama Reels in $1.6B Toyota-Mazda Plant
The highly coveted auto manufacturing facility project, and the 4,000 new jobs that will come with it, are a coup for Huntsville.
Blackstone to Buy Canada’s Pure Industrial REIT for $3B
Blackstone intends to make this investment through Blackstone Property Partners for its Core+ real estate investment unit. The all-cash transaction is expected to close in the second quarter.
Timothy Pulte Joins Colliers Leadership Team in Philly
The industry veteran will serve as senior executive vice president and oversee the company’s industrial and office brokerage divisions in eastern Pennsylvania, southern New Jersey and Delaware.