Industrial
ProLogis, AMB in Merger Talks
The two firms are considering a potential teaming of equals in which the two firms would combine in an all-stock, at-market transaction.
Angelo, Gordon Takes Suburban Cincinnati Industrial Asset
Stan Johnson Co. arranged the sale of the 335,700-square-foot property for Cincinnati United Contractors, which developed the property in 2001.
Chicago Property Gets $200M Makeover
Now that Server Farm Realty Inc. has officially taken over ownership of 840 S. Canal St. in Chicago from Northern Trust Corp., the two-month-old company is preparing to transform the 443,400-square-foot property into a state-of-the-art data center.
BlackRidge Acquires SoCal Distribution Center
The deal marks BlackRidge’s second Inland Empire acquisition within the past 90 days. The firm recently bought 1000 Etiwanda, a 302,020-square-foot distribution center in Ontario for $14.4 million.
AMB Closes $422M Brazil Fund
The fund aims to develop, acquire, own, operate, manage and dispose of logistics properties within Sao Paulo and Rio de Janeiro.
ProLogis Leases 449,000 SF of Distribution Space in L.A.
Port Logistics will occupy the space at Industry Distribution Center Building Six, which is located at the intersection of the 60 and 57 freeways in the City of Industry. The location is billed as strategic for distribution to Southern California and the western United States.
SoCal Industrial Property Acquired
This year’s largest industrial sale per square foot in Huntington Beach, Calif., is now complete. Teacher Created Materials, a local company, purchased the 38,149-square-foot building at 5482 Argosy Ave.
Dermody/DP Sells Pair of Large Industrial Properties
The firm sold a 689,400-square-foot building in Savannah, Ga., and a 599,500-square-foot building in Logan, N.J. The Savannah transaction is that market’s largest Class A industrial sale in nearly three years.
Blackstone Wraps Up $1B Purchase of ProLogis Industrial Assets
The group of 182 premier assets, leased to more than 500 tenants, spans 28 key markets across a total of 19 states.
Half-Billion in Financing Closes for 880,500-SF Government-Leased Portfolio
Funding, part of which was actually completed in late 2009, for the four-property portfolio comes in the form of a $271 million construction loan and $256 million in permanent financing.