Industrial
New Manufacturing Facility Opens in Burnet, TX
The new 15-acre plant has an on-site quarry providing raw materials and will serve Oldcastle’s concrete and mortar brands. The facility will be operational by the end of the month.
CBRE Arranges Sale of Greenville-Area Facility
The buyer revealed its plans to upgrade the property’s exterior and interior features as well as the parking and truck court surfaces.
U.S. Economy to Continue Growing in 2018
Key indicators suggest the nation’s economic expansion will carry on into the next year despite natural disasters and political turmoil, according to the latest edition of “The Briefing” from Transwestern.
Terreno Snags $38M CA Industrial Asset
The property comprises two distribution facilities located in Gardena that total 231,000 square feet. The estimated stabilized cap rate is approximately 4 percent.
JLL Arranges $65M Construction Loan for Houston Logistics Center
The industrial multimodal development will be built in phases, the first one consisting of four buildings totaling 993,669 square feet on a 100-acre site.
Apple Manufacturing Fund Awards $390M in Texas
Finisar received the financing from the tech giant’s new $1 billion fund for the redevelopment of a 700,000-square-foot manufacturing plant in Sherman, where the optical communications components provider will produce high-tech vertical-cavity surface-emitting lasers.
Tenants’ Thoughts on Social Events
Do your tenants want to mix and mingle? This month, CPE and Kingsley Associates asked what people thought about social functions around the complex.
JLL Brokers Sale of 2 Industrial Facilities
The company has arranged both transactions on behalf of Blue Steel Development and also represented the buyer of the second deal. The two facilities changed hands for a total of $21.8 million.
Office-Industrial AZ Portfolio Lands $86M
Working on behalf of Globe Corp., Walker & Dunlop structured three long-term, fixed-rate loans for four properties in Phoenix, Scottsdale and Tempe, Ariz.
Hartz Mountain Lands 232 KSF Charlotte Warehouse
Sun Life Financial/Bentall Kennedy sold the distribution center, which is fully occupied by three tenants and is located in a desirable industrial submarket.