Industrial
Kidder Matthews Gets 3.8 MSF Assignment
The King County portfolio that is now in Kidder Mathews’ care includes Northwest Corporate Park-Kent, which, with offerings totaling 2.7 million square feet, holds the distinction of being the largest industrial park in the Kent Valley submarket. Kent North Corporate Park is also part of the package, and features approximately 1 million square feet of Class A distribution and warehouse accommodations.
Industrial Firm NFI Inks Massachusetts Lease
The supply chain solutions firm took 135,000 square feet at the Devans Industrial Park.
CBRE: N.J. Industrial Market Appears Robust
There’s fertile field in the Garden State, at least when it comes to the industrial market. According to CB Richard Ellis Group Inc., the industry has turned the corner toward recovery, with a progressively more optimistic outlook.
Williams-Sonoma Leases 411,700-SF Facility
Kelly Boulevard Associates L.L.C. filled the empty tenant roster for its industrial property at 2973 Kelly Blvd. in Claremont, N.C., in one fell swoop. The business entity, a joint venture involving JER Partners and Fulcra Enterprises, got the home furnishings specialty retailer to sign on the dotted line.
Panasonic Relocates, Expands in SoCal
In need of more elbow room, Panasonic Corporation of North America took an entire building within Anaheim, Calif.’s 2,300-acre Anaheim Canyon Business Center industrial park. The company signed a lease with the landlord, Panattoni Development Co., to make its new home in the 300,000 square-foot Anaheim Concourse Distribution Center.
Industrial Income Buys 1.3 MSF Industrial Asset
The Atlanta-area property, which was purchased for $33.8 million, marks the firm’s fourth acquisition this year.
Tenant Takes Entire Industrial Building
The tenant roster at Ontario Distribution Center II in Ontario, Calif., went from empty to full as Pacific Coast Warehouse Co. signed a lease to fully occupy the 411,500-square-foot property.
ProLogis Wraps Up $157M Bond Financing
The bond was secured with the 1.2 million-square-foot Parc Zama I, located outside of downtown Tokyo. In 2010, just one year after its completion, the distribution facility reached the 100 percent occupancy level.
Bullish on Industrial: Manufacturing, Import-Export Activity Buoy Sector
The heat is on in the industrial market. With improving positive absorption, very little new construction in the pipeline and the merger of two giants creating excitement, 2011 may very well be the year for this oft-overlooked corner of the real estate world.
Morgan Stanley Picks Up 1 MSF Portfolio
Exit 8A Industrial Portfolio, developed by Matrix Development Group over a four-year period that concluded in 1989, takes its name from its location; the assets sit in the New Jersey Turnpike Exit 8A submarket.