Industrial
With $112M Sale, DCT Industrial Exits Columbus Market
In a transaction that marks its departure from the metropolitan Columbus market, DCT Industrial Trust of Denver has sold a 3.5 million-square-foot portfolio in the Ohio capital to Exeter Property Group for $112.1 million, the REIT announced Monday.
Voit to Manage, Reposition 2 MSF Industrial Portfolio in Reno
The Reno office of Voit Real Estate Services will provide property management and repositioning services for two industrial portfolios totaling more than 2 million square feet in Reno for Northwestern Mutual.
Ridgeline, Hillwood JV to Develop 1.1 MSF Braselton Commerce Center in Atlanta Submarket
There’s a genuine dearth of modern big-box industrial product in metropolitan Atlanta, and Ridgeline Property Group and Hillwood Investment Properties are primed to help fill the void.
Hartz Mountain Industries Acquires North Atlanta Distribution Portfolio for $129M
An entity controlled by Hartz Mountain Industries has acquired Peachtree Corners and Kennestone Corners, a 2.5 million-square-foot North Atlanta distribution portfolio of Class B industrial centers, from Clarion Partners.
Chicago’s Bridge Development Partners Opens NJ Office
Chicago-based Bridge Development Partners is continuing to expand along the East Coast by opening an office in Parsippany, N.J., and adding two new principals to run it.
Hillwood Expands into Canada, Europe
Hillwood is entering the Canadian real estate market, with plans to build the largest speculative industrial development in Alberta. The company also unveiled plans to enter the European logistics real estate market, with $1.3 billion worth of investments over the next three to four years.
Pennrose JV Opens 423 KSF Adaptive Reuse Development in Winston-Salem, NC
After a $54 million investment, Pennrose Properties and C.A. Harrison Cos. have opened the doors of Plant 64, an adaptive reuse development in downtown Winston-Salem, N.C.
MetLife, Panattoni JV to Develop 900 KSF of Industrial Parks in Seattle Area
MetLife is partnering with Panattoni Development to build three new industrial distribution parks in the Seattle area for $63 million.
Cominar Acquires $1.2B CRE Portfolio from Ivanhoé Cambridge
Cominar Real Estate Investment Trust has acquired a real estate portfolio of 14 properties in Québec and Ontario from Ivanhoé Cambridge Inc. for $1.2 billion.
Capp Industries Taps Opus to Build Spec Warehouse in Suburban Minneapolis
Confidence is building in suburban Minneapolis’ industrial sector and Capp Industries is making a move to capitalize on the improving conditions.