Industrial
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.
CBRE Inks 374,100-SF Warehouse Lease Renewal for Newegg
Newegg will use the space as its warehouse and distribution headquarters for the Northeast.
Pacific Newport Rakes in $85.3M in Southern California’s Largest Industrial Sale of 2010
Harbinger of big change or no, Southern California has just seen its largest industrial property transaction of the year to date with Pacific Newport Properties Inc.’s disposition of Mira Loma Distribution Center.
JLL Nails Down 100,000-SF Industrial Lease in Southern California’s Inland Valley
According to JLL executive vice president Sam Foster, landlord EastGroup Properties showed an impressive ability to adapt to current conditions, making it possible to secure a deal with REPET that provided improvements at a favorable rate.
ProLogis Fine-Tuning Deal to Sell Industrial Portfolio to Blackstone for $1B
If it comes to fruition, it will be a very, very big deal for global distribution facilities provider ProLogis.
AMB Inks Leases on 124,700 SF at Beacon Lakes Building
The building is located at Beacon Lakes, a joint venture of AMB and Flagler. It sits on 478 acres west of Miami International Airport and northwest of the intersection of State Road 836 and the Florida Turnpike.
BlackRidge Acquires 300,000-SF Distribution Center in Southern California
This is the firm’s first investment in Southern California and, according to a BlackRidge principal, will not be the last.
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.