Industrial
World’s Largest Data Center Encompasses 830,000 SF
The Edison, N.J. property was originally developed as a nearly 1.4 million-square-foot complex for The New York Times in 1992.
Granite Sells 1.2 MSF Industrial Portfolio
Commercial real estate services firm Holliday Fenoglio Fowler L.P., charged with orchestrating the disposition of Granite Properties Inc.’s industrial assets, had marketed the properties as part of a larger 16-property portfolio with locations in Houston and Dallas.
Meritex Buys 306,000-SF North by Northeast
The business park came under lender control following the 2008 bankruptcy of Kobra Properties, but it is bank-owned no more.
AMB: Only Moderate Damage in Japan
In contrast to its previous estimate of $10 million in damage to its 10.6 million square feet of properties in Japan, the company now estimates damage between $4 million and $6 million.
First Solar Acquires Mesa Proving Grounds Land
The 135 acres will be used for the first phase of the firm’s next solar module fabrication plant and future expansion.
AMB Invests $1B in China Through New JV
The global industrial real estate developer and operator has established AMB China Logistics Venture I with HIP China Logistics Investments Ltd. to invest in logistics properties in prime locations.
Miami Marks Major Industrial Lease
Betty Dain Creations has signed on for 130,000 square feet of space for its new headquarters at the mixed-use Flagler Station Business Park, the largest new industrial lease in the city this year.
IPD: U.S. Real Estate Among Top Performers
The U.S. commercial real estate industry is not only recovering, it is performing better than real estate in many other nations, according to findings presented at IPD’s conference.
Industrial Venture Holds Capacity for 4 MSF
With the creation of two new development partnerships accounting for a combined 277 acres in metropolitan Tampa Bay, Fla., Brennan Investment Group L.L.C. is positioning itself to become the go-to firm for build-to-suit industrial properties in the area.
Duke Secures 168,000-SF Tenant
Duke Realty Corp. has rounded up a tenant to occupy space at Grand Lakes I, a 755,400-square-foot, state-of-the-art bulk warehouse facility in Grand Prairie, Texas, less than 10 miles west of Dallas.