Industrial
Enel Begins Construction on Peru’s Largest Wind Farm
The construction of the 132-megawatt wind facility, which will mark the company’s first wind project in the region, will set a subsidiary of The Enel Group back approximately $165 million.
Drawbridge Snags Orange County R&D Asset
Cushman & Wakefield’s Capital Markets team represented the seller, Baring Real Estate Advisers, in the transaction. The building has served as Panasonic Avionics’ headquarters since 2000.
Gramercy Lands $331M Industrial Portfolio
The nine properties are located across eight major markets, which include Atlanta, Boston, Charlotte, Chicago, the Inland Empire, Minneapolis, Reno and Spartanburg, S.C.
NAI Hiffman Negotiates Lease Renewal for 3M
The 410,400-square-foot build-to-suit is located in Dekalb, Ill., and has had 3M as single tenant since 2007, when it was finalized.
Duke Makes Big Strides at Lehigh Valley Park
Lehigh Valley in Pennsylvania continues to attract industrial tenants, as Duke Realty Corp. leased its recently delivered warehouse and started construction of a new industrial property in the same logistics park.
Partners Capital Buys Industrial Asset in 1031 Exchange
The purchase of the fully-leased 92,000-square-foot asset in San Bernardino, Calif., for nearly $8.7 million, marks the company’s sixth industrial acquisition in the past 18 months.
Westcore Buys Vancouver Business Park for $39M
The EastRidge Business Park, consisting of 25 free-standing retail, office and light industrial buildings, marks the company’s first foray in Greater Portland.
Pantheon Sells 16-Acre NJ Industrial Site
Cushman & Wakefield’s Metropolitan Area Capital Markets Group negotiated the sale on behalf of the seller. Pantheon originally purchased the property in 1998 for $4.1 million.
Chesapeake Inks 165 KSF MD Industrial Lease
Johns Hopkins Health System will occupy 40 percent of the 413,000-square-foot building currently rising within Baltimore’s Port 95 Industrial Park.
On the Market: 5 Interesting Listings for August
This month’s listings include a Texas retail property built in 1900 and completely renovated in 2015 and a mixed-use multifamily and retail asset in Brooklyn’s Williamsburg neighborhood.