Industrial
Mack-Cali Sells NJ Flex/Industrial Park for $66M
Heritage Capital Group acquired the 13-building Totowa Commerce Center in Totowa, N.J., as part of a 1031 exchange. Natixis Real Estate Capital provided acquisition financing for the deal.
Hawaii’s Largest Office-Industrial Park Lands $165M Financing
Working on behalf of AIPA Properties, Sonnenblick-Eichner secured the 15-year, fixed-rate loan for Airport Industrial Park, a 1.3 million-square-foot mixed-use complex in Honolulu.
Largest Michigan Solar Park Begins Commercial Operation
The 200,000-panel array broke ground in 2016 and is spread across more than 250 acres. The facility is estimated to produce sufficient clean energy to power 11,000 homes.
Microsoft, GE Announce New Wind Farm in Ireland
A 37-megawatt wind farm will be developed in County Kerry, Ireland. The facility will consist of turbines with integrated batteries, marking the first deployment of battery integration into wind turbines to store energy in Europe.
Genera Inks 211 KSF Lease in Fontana, CA
Kidder Mathews and Paladin Partners represented Genera Corp. in the deal. The company has leased Bolger Business Center for 10 years.
Campanelli, Clarion Break Ground on MA Industrial Project
The upcoming 427,500-square-foot development, comprising two buildings, will soon rise in the Boston submarket of Bellingham. Construction is expected to be complete by August 2018.
Mammoth Warehouse Opens in Nashville Suburb
Built by HSA Commercial Real Estate and Premier Design + Build Group, Commerce Farms V is a 652,000-square-foot flexible distribution facility located in Lebanon, Tenn.
Las Vegas 644 KSF Site Changes Hands
Marcus & Millichap represented the seller in the transaction, which hit a record-high price of $18.5 million. The Las Vegas Strip is nearby, as is the planned future home of the NFL’s Las Vegas Raiders.
Westmount Grows Chicago-Area Industrial Portfolio by 2 MSF
Most of the 21 properties making up the portfolio are located near the Chicago O’Hare International Airport and the Illinois Port District.
Opus Breaks Ground on Spec Industrial Building
The 495,977-square-foot development will mark the company’s first development in the Greenwood area and is scheduled for completion in the second quarter of 2018.