Industrial
Grainger to Erect 1.3 MSF Distribution Center in NJ
Leading industrial supply distributor Grainger Inc. has bought 96 acres of land in Bordentown Township, N.J., with plans to develop what will be the largest distribution facility in the state.
KTR Capital Preleases 615 KSF Project in LA to 99¢ Only Stores
KTR Capital Partners has broken a record at its Garfield Corporate Center project in Commerce, Calif. by signing 99¢ Only Stores to a prelease for the entire 615,000-square-foot development, marking the largest industrial infill lease in L.A. County history.
OmniTRAX to Manage Texas-based International Railroad, Develop Industrial Park
OmniTRAX has signed a 30-year deal to manage the Brownsville & Rio Grande International Railroad, a short line railway based in Brownsville, Texas.
Overton Moore Buys 18 Acres of Industrial Land in Pomona, Calif.
Overton Moore Properties has acquired 18 acres of industrial land in Pomona, Calif., and immediately begun construction on a 240,000-square-foot Class A build-to-suit industrial property.
I.CON Special Report: Robust Industrial Market Ahead for Much of North America
The North American industrial sector offers much to cheer and a few reasons for caution, said experts at NAIOP’s international conference in Jersey City, N.J. on Thursday.
Marcus & Millichap Sells 8-Property Self-Storage Portfolio for $91M
An eight-property portfolio of Best Florida Storage locations in Broward County, Fla., totaling 854,800 rentable square feet has sold for $91 million, or $106 per square foot.
International: Prologis Signs Build-to-Suit Agreements in China, Mexico
Prologis Inc. recently has signed two build-to-suit agreements, one in China and one in Mexico.
REITWeek Special Report: Blackstone’s Gray on Where to Find Value
Jonathan Gray, Blackstone’s global head of real estate, dispenses advice on how to find assets that will outperform in today’s real estate cycle at REITWeek in New York City.
SoCal Logistics Project Kicks Off Goodman’s $1.4B Development Pipeline
Through its wholly owned North American subsidiary, Australian industrial property powerhouse the Goodman Group has launched a $1.4 billion, 15 million-square-foot U.S. development pipeline by breaking ground on a $150 million logistics center in Rancho Cucamonga, Calif.
Transwestern Development Grabs Land for 1.2 MSF Industrial Project in Katy, Texas
Transwestern Development Co. has bought a 74-acre site in West Ten Business Park on Interstate 10 at Cane Island Parkway in Katy, Texas, for an undisclosed amount.