Industrial
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.
Sacramento Nabs Largest On-Airport Solar Facility in CA
With capital investment from NRG Energy, the project is expected to provide nearly one-third of the city’s airport with electricity, cutting energy costs by $850,000 per year.
Transwestern Secures 100 KSF Doral Lease Renewal
The team of Thomas Kresse, Ben Eisenberg and Carlos Gaviria worked on behalf of landlord RREEF in the lease negotiations, and Walter Byrd represented the tenant.
Rock Falls Wind Project Begins Commercial Operation
Kimberly-Clark Corp. has signed a power purchase agreement at the 154-megawatt wind facility in Oklahoma, which has been under construction since July 2017.