Industrial
Industrial Portfolio Brings Investors South of the Border
As manufacturing bounces back in Mexico due to cheaper labor, two companies have decided to take advantage of the upswing and buy a Class A industrial portfolio south of the border.
E-Commerce Innovator Macy’s Upgrades Fulfillment Center
Local analysts agree Macy’s Inc. picked a great time to triple the size of its fulfillment center to accommodate e-commerce by moving into a new location in Sacramento.
Going Down
(national cap rate performance based on properties and portfolios of $2.5 million and greater)
Opus Develops in Cincinnati
The Opus Group is developing two more properties in the active Cincinnati industrial market on behalf of Founders Properties, to complement the company’s existing two buildings in the same location.
Industrial Property Trust Makes Its Mark in Atlanta’s Largest Industrial Submarket
Industrial Property Trust Inc. continues making strides in Atlanta’s sizable industrial market with the acquisition of four multi-tenant warehouses.
JANUARY ISSUE: Property Management–Occupancy Strengthens
What will demand for space look like in 2015, and which markets will score highest for absorption and increased rents?
INTERNATIONAL: Hines Buys Back Industrial Property in Guadalajara
International real estate company Hines has purchased back Parque Industrial Tecnológico II in Guadalajara, Mexico, from Union Investment, to whom it previously sold the property back in 2007.
Target Takes 900 KSF in Memphis
New leases, build-to-suit leases, lease expansions–big-box retailers are staking claim to big chunks of space outside of the leading markets, and Target’s commitment to a 900,000-square-foot facility in Memphis is among the latest transactions.
INTERNATIONAL: W.P. Carey Buys Build-to-Suit Distribution Facility in Poland
Global net-lease real estate investment trust W.P. Carey Inc. has acquired a new, 362,000-square-foot build-to-suit, light-industrial and distribution center in Opole, Poland.
Skanska to Build Boeing Paint Facility in Charleston
Skanska USA is developing an $82 million, 375,000-square-foot decorative paint facility in Charleston, S.C., for aerospace giant Boeing.