Industrial
Cushman & Wakefield Self-Storage Industry Group Adds Wells as Director
The firm’s national self-storage brokerage expert, Wells has sold more than 6 million square feet of self-storage space totaling in excess of $400 million throughout his career.
USAA Buys 1.4 MSF Memphis Industrial Portfolio, Continuing Shopping Spree
USAA Real Estate Co. has been bulking up its portfolio all summer, and it appears the activity is going to continue right into the fall. US Industrial REIT III, owned by affiliates of USAA and a group of institutional investors, just acquired a 1.4 million-square-foot industrial portfolio at Chickasaw Distribution Center in Memphis.
COPT Grabs Data Center in Coveted Northern Virginia Market for $115M
The REIT will further enhance the brand new facility, located 30 miles west of Washington, D.C., in Northern Virginia’s thriving data center market, by shelling out an additional $166 million to wrap up remaining development activities.
Nashville Dell Acquires 504,000 SF in Industrial Properties
Half a million square feet is impressive these days.
Xebec Plans 350,000 SF Distribution Facility on Southern California Land
Dan Vittone, Al Pekarcik and Nick Frasco of Voit Real Estate Services’ Irvine office, along with Paul Earnhart and Steve Haston of Lee & Associates, represented both buyer and seller.
Tennessee Town to Play Home to New $120M Whirlpool Manufacturing Facility
The international home appliances manufacturer and marketer, which presently has a century-old facility in Cleveland, looked around before deciding to rebuild in the city instead of constructing in a new locale.
Westcore, CT Realty Form JV to Acquire 1.4MSF Cajon Distribution Center
The 1.4 million-square-foot center was acquired for its location and position in the marketplace, according to Westcore principal and director of southwestern United States acquisitions Steve Bollert.
Lab Supplies Provider Picks Fresno Area for New 500,000-SF West Coast Distribution Center
The company’s new facility will be operational in 2012.
Midyear Industrial Outlook: Insights from Kevin Thorpe
Cassidy Turley chief economist Kevin Thorpe offers insights into the second half 2010 industrial outlook on CPE Radio.
1.4M-SF Ohio Commerce Center Snapped Up for Pocket Change
Spirongo Lordstown L.L.C., an entity controlled by brothers George and Spiros Bakeris of Howland, Ohio, has acquired the 1.4 million-square-foot Ohio Commerce Center in Warren, Ohio, from Roseville, Minn.-based Meritex.