Industrial
Steel Manufacturer to Invest $250M in MO Mill
Nucor Corp. intends to build a rebar micro mill in Sedalia, Mo. The investment is expected to generate 255 jobs once the facility is operational.
NY-Area Retail Centers Land $663M Refi
The refinanced portfolio comprises 98.1 percent leased retail centers anchored by grocery stores, including ShopRite, Aldi, Home Depot and more. The loans include 14 fixed- and two floating-rate facilities with terms ranging from seven to 13 years.
AEW Sells NJ Industrial Complex for $53M
A partnership bought the four-building asset in Pine Brook, N.J. The 530,000-square-foot property is 60 percent leased to tenants including Samsung Electronics and Pitney Bowes.
Tyson Foods to Invest $300M in 5th TN Plant
The chicken production facility will be built in Humboldt. Roughly 1,500 new jobs are expected to be created once the project becomes operational in late 2019.
JV Grabs Suburban MD Flex/Office Assets
RREEF has sold the properties—part of the Oakland Ridge Center in Columbia, Md.—to a partnership between Feldman Bergin Development and Fortified Property Group.
Meritex to Develop Minneapolis Industrial Project
Meritex will demolish a 360,000-square-foot industrial property and plans to deliver two state-of-the-art distribution buildings next to its Highcrest Distribution Center.
LPC Buys Land for 900 KSF Phoenix Spec Project
The company plans to develop the first fully speculative industrial property in Phoenix which has 40-foot high clear ceilings. The property will be situated within a 350-acre master-planned project that will feature office, industrial and medical office space.
Blackstone to Lead Cloverleaf Recapitalization
Wells Fargo Securities served as financial advisor and Katten Muchin Rosenman LLP served as legal advisor for the cold storage warehousing and food logistics company during the transaction.
Dalfen Buys 2 ATL Industrial Assets
The industrial properties are proximate to multiple interstates, including The Perimeter. Dalfen acquired several other properties in recent months, bringing its industrial portfolio close to one million square feet.
East Bay Industrial Business Park Changes Hands
Alex. Brown Realty Inc. together with CIP Real Estate have acquired Eden Landing in Hayward, Calif. The joint venture plans to invest $2 million in capital improvements.