Industrial
Smithfield Foods Invests $100M in NC Facility
The producer plans to create approximately 250 new jobs by building a new distribution center and expanding its storage capabilities in Tar Heel.
Fully Leased NJ Industrial Asset Nabs $15M Financing
Arranged by Cushman & Wakefield, the loan was used for Camber Real Estate Partners and Advance Realty’s acquisition of a distribution center in Paterson, N.J.
CREG Grabs 259 Acres in MD for Large Industrial Spec
The company will partner with EverWest Real Estate Partners on phase one of construction, which will consist of a 500,000-square-foot speculative warehouse.
Dalfen America Buys B’more Class A Industrial Asset
Located five miles from downtown, the class A property is close to the CSX intermodal facility and the Fairfield Terminal of Baltimore Port.
Bridge Development Completes 2 Chicago Industrial Deals
The company sold a four-property portfolio in the O’Hare submarket for $69 million and purchased a 48-acre industrial site in Franklin Park.
Bonded Leases 500 KSF Metrolina Park Building
The provider of third-party logistics opened a 371,000-square-foot warehouse in an industrial park north of downtown Charlotte, N.C., and also agreed to lease the remaining 124,000 square feet of the building.
TCC, Clarion to Develop Greater LA Business Park
The Center at Needham Ranch in Santa Clarita is the first of two development phases of a fully entitled site approved for as much as 4.2 million square feet of Class A industrial space.
Goodman Preleases 1 MSF at PA Logistics Center
syncreon signed a seven-year lease to occupy one of the two industrial facilities at the Goodman Logistics Center Carlisle. The move is scheduled for early 2018.
Cush & Wake Brokers San Diego Industrial Sale
A Lincoln Property Co. entity nabbed the asset for $11.5 million. The single-tenant property is located in the tight Morena industrial submarket, which has a vacancy rate nearly half the county rate.
Distribution Center Breaks Ground in Northwest Houston
The nearly 300,000-square-foot, cross-dock distribution center will feature 60-foot bays with 32-foot clear height, trailer parking, ESFR fire sprinkler installation and regional water detention.