Industrial
Toyota Opens Expanded R&D Facilities in Michigan
The $154 million project moved direct procurement and supplier engineering development from Erlanger, Ky., as well as vehicle development and powertrain from California. The 40th anniversary also welcomed the company’s newest executive, Shinichi Yasui.
SoCal Investment Firm Nabs 2 Las Vegas Industrial Parks
CapRock Partners purchased two multi-tenant industrial parks totaling 203,134 square feet. The newly purchased assets are located less than two miles away from the Las Vegas Strip.
Watson Land Promotes Jeffrey Jennison to CEO
Jennison replaced Bruce Choate, who retired in March after 26 years with the company. In his new role, Jennison will oversee Watson’s portfolio and operations.
First Phase of Bearkat Wind Energy Project Begins Construction
The project, located in Glasscock County, Texas, will generate 197.6 megawatts of clean energy once the first phase is finalized. Upon completion, the project will total 380 megawatts.
BLT Enterprises Buys 72 KSF Industrial Building in San Diego
The firm plans to increase the property’s parking ratio and modernize the asset located in Kearny Mesa. The submarket had the lowest vacancy rate of all Central San Diego’s R&D and industrial submarkets last year.
Industrial Asset in Miami Changes Hands
A team spearheaded by Cushman & Wakefield, Colliers and CBRE professionals negotiated the sale of the 164,432-square-foot distribution building. The property serves as ECU Worldwide’s headquarters.
C&W Inks First Lease at South Florida Development
The new tenant is expected to relocate and consolidate its operations at Pompano Center of Commerce II by October.
Exeter Property Group Selects Builder of 440 KSF Warehouse
GDI Construction will develop the speculative warehouse in Whitestown, Ind. The building is expected to be functional by late November 2017.
Third Building Announced at Duke Realty’s Turnpike Crossing
The company recently announced that it will build the third property at its West Palm Beach, Fla. industrial park. Turnpike Crossing currently features more than 220,000-square-foot of industrial space.
Liberty Property Trust Inks First Lease at New Miami Facility
Building C at Miami International Tradeport, completed this year, is now 50 percent leased. Opening is scheduled for later this month.