Industrial
Meritex Expands Charlotte Industrial Presence
Meritex has begun development of an 80,000-square-foot warehouse next to its 11-building CLT Logistics Center. Construction is anticipated to wrap up early next year.
MRP Breaks Ground on 3-Building PA Industrial Project
Hamburg Logistics Park will be located off Interstate 78 in Berks County. When finished, it will consist of approximately 1.9 million square feet of space.
Starboard Closes East Bay Industrial Condominium Sale
The property is located within two miles of both Interstate 880 and California Route 92, offering accessibility to San Francisco and the wider Bay Area market.
DAUM Brokers Sale of 41 KSF Industrial Facility in OC
The Huntington Beach, Calif., facility was purchased by a family-owned electronic vaping business. DAUM Commercial represented the buyer and JLL worked on behalf of the seller.
Innovative Industrial to Purchase 350 KSF Medical-Use Cannabis Facility
The firm will also enter into a long-term, triple-net lease agreement with The Pharm, which is planning certain tenant improvements.
Pompano Beach Development Site Commands $12M
CBRE First Vice President Tony Hoover worked on behalf of buyer Bridge Development Group in the transaction. The project is slated for completion in the fourth quarter of 2018.
McCraney Property Company Increases Industrial Footprint in Savannah, GA
The company plans to develop a new 350,000-square-foot warehouse near a number of major distribution hubs in the Southeast U.S.
Plymouth Industrial Sheds $100M on Chicago-Area Assets
The 15-property portfolio comprises a total of three million square feet of Class B warehouse space. The seller is BIGS Holdings, a subsidiary of Goldman Sachs.
Partnership Buys Two Orlando Industrial Portfolios
Brennan Investment Group sold the two assets for $17 million. The new owners plan to reposition the properties to increase occupancies and revenue growth.
Essendant Signs 405 KSF Lease in the Central Valley
The build-to-suit industrial lease expands the company’s local and regional fulfilment capabilities. The facility is expected to be operational by the second quarter of 2018.