Industrial
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.
Fuller Partnership “Perfect Fit” to Expand Cassidy Turley into Denver
Cassidy Turley’s latest expansion move did more than give the company a full-service presence in Denver. The fast-growing company, formed on March 1 with the partnership of a number of former Colliers firms and an assortment of others, found in Denver heavyweight Fuller Real Estate a “perfect fit.”
Voit Spearheads 85,053 SF Southern California Sale
The property includes an 82,053-square-foot building and a 3,000-square-foot building. It is situated on 4.7 acres. It was purchased by diamond manufacturing firm SH Trading, Inc., the United States subsidiary of South Korea-based Shinhan Diamond Corp. The firm will use the space for local manufacturing and distribution.
Toyota to Build $600M Manufacturing Plant in Brazil
Two years ago this month, Tokyo, Japan-headquartered Toyota Motor Corp. acquired a 914-acre parcel of land in the town of Sorocaba in Brazil , and now the automobile company is ready to erect a new plant on the site.
Cushman & Wakefield Arranges 220,000 SF Lease for PRG
The company will consolidate and expand its existing locations in Mt. Vernon, N.Y. and North Bergen, N.J., and will use the new space as its Northeast headquarters. The property is located at 915 Seacaucus Rd.
Digital Realty Trust Wraps Up $725M Data Center Purchase from Rockwood Capital
Known as the Rockwood Capital/365 Main Portfolio, the group of five data center assets consists of buildings developed within the last 10 years and managed by data center developer and operator 365 Main Inc.
KBS Scores 400,100-SF Dallas Cowboys Distribution Center
Carrying the address of 2500 Regent Blvd., the Dallas Cowboys Distribution Center occupies a 22-acre parcel within the 500-acre Dallas Fort Worth International Commerce Park, a master-planned business park development endeavor spearheaded by Dallas-Fort Worth International Airport.
Essex Awarded Contract for 300,000 SF Southern California Portfolio
Irvine, Calif.-based Essex Realty management has been tapped to manage the Zuma Business Center portfolio, which consists of three multi-tenant industrial and office business parks in Anaheim and Buena Park, Calif.
Infill Industrial Properties to Prove More Valuable, Successful than Greenfield Counterparts
It’s a reversal of a trend. In the 1990s, lower fuel costs and greater land availability lured industrial center occupants and developers to greenfield sites. But the tide has turned.
AMB Leasing Up China Portfolio
Industrial real estate owner, operator and developer AMB Property Corp. continues to stabilize its holdings in China. During the second quarter, AMB has leased 700,000 square feet and has leased 1.22 million square feet since the beginning of the year.