Industrial
Digital Realty Acquires 82,000 SF in Silicon Valley
The buildings are located on a single 4.2-acre parcel across the street from another Digital Realty campus.
Kearny, Morgan Stanley Sell 1.4M SF Business Center in $40M Deal
In a $40 million deal, 1.4 million square feet of industrial and manufacturing space within the Century Business Center in Hawthorne, Calif., was sold by a partnership of Kearny Real Estate Company and Morgan Stanley Real Estate Fund V.
PS Business Parks Grabs 700,000-SF Flex Portfolio in Austin
PS Business Parks has just doubled its presence in the Austin industrial market in one fell swoop. The Glendale, Calif.-based REIT plunked down $42.9 million in cash for the acquisition of a portfolio of flex business parks totaling 704,000 square feet.
Richards Barry Joyce Brokers 100,000 SF Lease Renewal for TA Associates
Commercial real estate advisory firm Richards Barry Joyce & Partners LLC said Tuesday that it represented TA Associates Realty in a 100,884 square-foot lease renewal with Dynagraf, Inc. in Canton, Mass.
Balfour Beatty Team Tapped for $900M DFW Airport Project
Dallas/Fort Worth International Airport is undergoing a massive makeover and Balfour Beatty Construction, along with its joint-venture partners, will do the handiwork.
Self-Storage Sales Continue Upswing with Public Storage’s $189M Portfolio Purchase
Transaction activity in the self-storage sector continues to pick up as Public Storage signs on to purchase a group of 30 properties primarily located in Southern California for $189 million.
USAA Lands 1.2M-SF Build-to-Suit Industrial Property in Atlanta
The struggling Atlanta industrial market is about to get a big infusion of space, but fortunately, it will not spike the vacancy rate.
KBS REIT Buys Three Buildings Totaling 283,559 SF
KBS REIT II has added three Class A industrial/flex space buildings totaling 283,559 square feet to its portfolio. All three buildings are located at the Plano Business Park in Plano, Tex., 19 miles north of downtown Dallas.
Highland Fairview Breaks Ground on Future Skechers Home
California Gov. Arnold Schwarzenegger presided over the groundbreaking of Highland Fairview Corporate Park in Rancho Belago, Calif., which developer Highland Fairview says will be the largest green building of its kind in the U.S.
Kohl’s Buys 970K SF Gateway South in Southern California
In one of the larger recent sales in Southern California over the last year, Kohl’s Department Stores has purchased Gateway South, a 970,000 square-foot distribution center at 825 East Central Avenue in San Bernadino, Calif. Financial terms were not disclosed.