Industrial
Federal Capital Partners, Roi-Tan JV Buys Historic Cigar Factory in Charleston, SC
The historic Cigar Factory building in Charleston, S.C., is destined for a major makeover now that joint venture partners Federal Capital Partners and Roi-Tan Investments have acquired the 245,000-square-foot office structure and announced plans for its $55 million transformation into a premier mixed-use office and retail property.
CBRE Arranges $142M Loan for 4 MSF Industrial Portfolio in Georgia, Nevada, Texas
KTR Industrial Fund III, an investment vehicle of KTR Capital Partners, has just reeled in $142 million of financing for a 4.3 million-square-foot portfolio in Georgia, Nevada and Texas, courtesy of a helping hand from CBRE Capital Markets’ Debt & Structured Finance group.
International: Prologis Japan Inks 211 KSF Lease for In-Development Osaka Facility; Receives 2 Awards
Prologis has completed a new leasing agreement for a total of 211,000 square feet of space at its Prologis Park Osaka 5. The owner, operator and developer of industrial real estate has also received two awards for its Nippon Prologis Real Estate Investment Trust.
Magid Glove & Safety Buys 703 KSF Industrial Building in Romeoville, Ill.
America’s leading manufacturer of hand protection and first aid, Magid Glove & Safety, has bought 1300 Naperville Drive, a 704,000-square-foot industrial building in Romeoville, Ill. for an undisclosed amount.
International: W. P. Carey Finances Construction of Wartsila’s R&D, Training Complex in Netherlands
W. P. Carey will finance the construction of a two-building complex in the Netherlands for the global industrial company Wartsila.
Roll RE Breaks Ground on 1 MSF BTS Distribution Center in Shafter, Calif.
Roll Real Estate Development has broken ground at its Paramount Logistics Park on behalf of American Tire Distributors, with which the company signed a 1 million-square-foot lease at the 1,600-acre industrial park in Shafter, Calif.
Real Estate Capital Partners JV Sells 2 MSF Adidas Distribution Center in Spartanburg, SC
Real Estate Capital Partners and IVG Institutional Funds have sold their 1.9 million-square-foot Adidas U.S. distribution center in Spartanburg, S.C.
E.CON Special Report: Investing in E-Commerce Properties
As institutional investors become more interested in e-commerce distribution facilities, lenders are becoming more amenable to providing the financing to purchase them.
E.CON Special Report: Building for E-Commerce
How can a developer attract e-commerce tenants? Speakers at NAIOP’s E-CON offer advice on what’s desirable and what to avoid when planning an e-commerce facility.
E.CON Special Report: E-Commerce Users Demand BTS–With Flexibility
As the e-commerce market heats up, industrial developers are scrambling for a piece of the action. That was the word from “The End User’s Perspective” session at NAIOP’s brand-new E.CON e-commerce conference in Phoenix on Thursday.