Industrial
NJ Area Industrial Property Sells for $7M
In a deal brokered by NAI James E. Hanson’s Andrew Somple and Michael Walters, The Hampshire Cos. disposed of a industrial/flex building in Northvale, N.J.
TCC and PGIM to Expand 35-Eagle Industrial Park
The development will include three new facilities, consisting of more than 1.6 million square feet of industrial space. Phase II is expected to be completed by the end of the year.
Furniture Retailer to Build 250 KSF SC Warehouse
Room & Board Inc. is planning to construct a distribution center in Newton, Catawba County, in partnership with The Keith Corp. The Minneapolis-based manufacturer will invest $12.9 million and create 13 jobs during the next three years.
Copaken Brooks Takes a Leap into KC Industrial Market
Frequently associated with office and mixed-use projects, the company announced its first industrial development. Midwest Gateway will be a 500,000-square-foot project located directly adjacent to the BNSF intermodal facility in Edgerton, Kan.
Moore’s Food Resources Establishes Roots in Greenville County
The natural foods provider is planning to create a new 131,200-square-foot facility in Piedmont, S.C. The company will bring $15 million in capital investment to the city and is expected to create 182 new jobs.
DHL, Graphic Packaging to Invest $274M in Louisiana Plants
In addition to the $120 million investment to the West Monroe mill, Graphic Packaging will also pump $70 million into the new folding carton plant equipment for the converting facility in Monroe, La. DHL will develop the plant and invest more than $84 million.
Pattern Energy Acquires 324MW Broadview Wind Facilities
The California investor acquired interest in the two wind projects that comprise the 324-megawatt Broadview Wind power facilities and the associated independent 35-mile 345-kilovolt Western Interconnect transmission line for $215 million in cash and an assumed project loan of $54 million.
CBRE to Market Fort Lauderdale-Area Facility
The stand-alone building, which includes both office and warehouse space, has been listed with an asking price of $7.9 million or $13 per square foot triple net lease.
Duke Realty Grows South Florida Industrial Portfolio
The acquisition of the newly constructed facilities helped raise the company’s portfolio in the market to 5.9 million square feet.
Gramercy Europe, AXA Trade $1.1B Portfolio
The industrial, retail and office assets are primarily located in Germany and the Netherlands, with smaller footprints in France, Poland and the United Kingdom.