Industrial
Covington Lands 800 KSF Industrial Portfolio
The Dallas-based company purchased a 500,625-square-foot warehouse and distribution facility in Columbus, Ohio, and a 300,000-square-foot facility in Baltimore. The buyer plans to make improvements to the buildings.
Daikin Brings Cool $417M Campus to Houston
The 4.2 million-square-foot building is the largest tilt-wall structure in the world and the second-largest manufacturing facility in North America.
RI Industrial Asset Changes Hands
Legacy Real Estate Ventures, in a joint venture with ProPartners in Parking, acquired 300 Niantic Ave. in Providence. The $4.2 million transaction was negotiated by CBRE/New England.
TEP to Buy Solar Power for Historically Low Price
The Arizona utility signed a 20-year agreement to purchase electricity from a 100-megawatt solar facility at a new record low price. The solar project is slated for completion by the end of 2019.
UPS Opens New Facility in Poland
The investment is part of a $2 billion expansion program in Europe which UPS launched at the end of 2016.
Westcore Expands NorCal Industrial Portfolio
The company has acquired a 277,500-square-foot industrial building in Stockton, Calif. for $14.4 million. This is Westcore’s second acquisition in the city in the past year.
Cincinnati’s Port Union Commerce Park Fully Leased
With the 235,000 square feet of space available in Buildings 1 and 3 signed for by O’Gara-Hess & Eisenhardt Armoring Co. and ProFill Fulfillment, the campus is now fully occupied.
Midwest Industrial Lets Go of Illinois Warehouse
The company bought the 76,000-square-foot industrial building located in Carey, Ill., in 2015, and completely repositioned and modernized it to bring it to market-ready condition.
Rexford Acquires, Sells Industrial Properties in CA
The company bought Safari Business Center in Ontario for $141.2 million and sold a two-building property at 2535 Midway Drive in San Diego.
Grandbridge Secures 221 KSF Minnesota Industrial Loan
The company arranged the five-year non-recourse, fixed-rate loan through Nationwide. The loan closed with an interest rate of less than 4 percent.