Industrial
Dubai Picks Team for $3.9B Solar Project
A consortium led by Shanghai Electric and ACWA Power will build the 700-megawatt fourth phase of Mohammed bin Rashid Al Maktoum Solar Park, touted as the largest facility of its kind.
Ridgeline, USAA Team Up in Nashville
The joint venture is developing Park 840 East Building 100, a 558,600-square-foot distribution and logistics facility in Lebanon, Tenn. The project is scheduled for delivery by mid-2018.
Wonderful Spec Project Underway in Central Valley
The 1 million-square-foot building, which will sit within the 1,600-acre Wonderful Industrial Park in Shafter, Calif., is one of only a few developments of its kind in the market.
GP to Invest $100M in New AL Lumber Facility
The 300,000-square-foot facility is slated for completion in late 2018. Once completed, the plant is set to employ more than 100 full-time workers.
GTJ REIT Snags FedEx-Leased NY Facility
The 43-acre, 248,370-square-foot property, located in a major logistics hub, is leased and occupied by FedEx Ground for a 10-year term.
Barnett Capital Sells 2 MSF Industrial Portfolio
Located predominantly in the Midwest, the properties netted Barnett Capital $84 million, a tidy sum for snapping up assets in the Chicago area, the company’s target market.
Phoenix Industrial Portfolio Trades for $12M
Lee & Associates brokered the sale of seven industrial assets totaling 95,000 square feet. The portfolio is fully leased to Horizon Distributors Inc. for five years.
Aerospace Manufacturer Inks 103 KSF Lease in Arizona
The deal is the latest in tech manufacturing companies expanding in metro Phoenix and infill locations and broadens Modern Industries’ reach in the area.
Valencia Gateway V Ready for Lease
Gateway V totals 255,000 square feet and is part of a large industrial master-planned project. The property offers easy access to Interstate 5.
From Rust to Robust: Revamping Industrial Sites for Community Benefit
Nonprofit entities can revitalize neighborhoods and improve local economies by redeveloping unused real estate, according to Donald F. Smith, Jr., president of the Regional Industrial Development Corporation (RIDC) of Southwestern Pennsylvania.