Industrial
Life Science Firms Buy NJ Industrial Assets
In separate deals brokered by Cushman & Wakefield, two pharmaceutical companies acquired industrial buildings in Piscataway and Somerset, N.J., fueling the life science industry’s growth within the Interstate 287 corridor.
Kennington Property Expands in Dallas–Ft. Worth
The company acquired Jupiter Service Center, a four-building Class A flex office/R&D complex in Plano, Texas. Stream Realty Partners marketed the property on behalf of Situs, its seller.
Liberty Property Trust Breaks Ground on 2 Industrial Assets
Combined, the two buildings will add 704,000 square feet of industrial space to the market, located at the company’s Port Crossing Commerce Center in northwest Houston.
Industrial Boom Has Room to Grow
Three developers shared their perspectives on why the sector is in such high demand and what the potential risks are to the property type, at the 2017 ULI Fall Meeting in Los Angeles.
NAI Tapped to Lease New Atlanta-Area Industrial Asset
Prologis’ property, which is slated to come online by the end of 2018, is located just off Interstate 285 and will offer 245,000 rentable square feet.
Brennan Nabs 1.2 MSF Philly-Area Industrial Portfolio
The collection of 26 light-industrial buildings, located in Moorestown and Burlington, N.J., had belonged to Mack-Cali Realty Corp. and were purchased without mortgage financing.
Amazon’s Biggest Wind Farm Up and Running
The Texas facility, which will generate 1 million-megawatt hours of wind energy annually, is one of the 18 projects the company has launched across the country.
World’s First Floating Offshore Wind Farm Begins Operations
Developed by Norwegian state-owned Statoil in partnership with Masdar, the 30-megawatt pilot Hywind Scotland will power roughly 20,000 U.K. households.
Terreno Picks Up Miami Industrial Facility
The fully leased distribution facility sits on a 3.3-acre site and provides dock-high and grade-level loading positions, as well as parking for 49 cars.
Japanese Manufacturer to Build 1 MSF Hub in KC Area
Kubota Tractor Corp. plans to locate its North American distribution hub on 203 acres near the company’s current leased facility in Edgerton, Kan.