Industrial
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.
CBRE Facilitates Sale of Dayton Manufacturing Building
Wernli Realty Corp. sold the property for $525,000 to commercial plumbing company Frye Mechanical. The asset includes 15,000 square feet of production space and 5,000 square feet of office space.
Seagis Snags 80 KSF Industrial Asset in Queens
5700 49th Place in Queens has changed hands. The nearly 80,000-square-foot warehouse will benefit from a comprehensive rehabilitation program.
San Diego-Area Industrial Asset Trades for $3M
The roughly 20,000-square-foot industrial building is located within the Greater San Diego area. Kidder Mathews negotiated the transaction on behalf of the buyer, a local private investor.