Industrial
TCC, Clarion Break Ground on 700 KSF Industrial Project in Lehigh Valley
Trammell Crow Co. and Clarion Partners are one big step closer to bringing 677,000 square feet of Class A industrial space to one of the top industrial markets in the country: Pennsylvania’s Lehigh Valley.
Firm Capital Acquires Stake in Montreal Industrial Portfolio
Firm Capital Property Trust is in contract to purchase 50 percent of a Montreal-area portfolio of 25 industrial buildings.
CPA17 – Global Buys 897 KSF H&M DC in Poland
W.P. Carey, a REIT specializing in single-tenant net-lease properties, paid $85 million for an 896,911-square-foot logistics center in Poznan for international retailer H&M Hennes & Mauritz AB.
C&W to Manage Major Industrial SoCal Portfolio
IndCor Properties has awarded Cushman & Wakefield a contract to manage 9.1 million square feet of its industrial properties in Southern California, including San Diego, Irvine, and the Inland Empire.
Prologis Adds Distribution Center to Wroclaw V Park
Prologis is expanding its presence in Poland, where it will construct a 376,000-square-foot, build-to-suit distribution center for a leading Polish retailer.
Property Assessed Clean Energy Act To Be Reviewed by the City of Austin
Texas legislation has been modified on June 19 by Governor Rick Perry to allow commercial and industrial building owners to access low-cost, long-term financing in the private sector for energy-efficiency upgrades and water conservation. His signature makes the PACE program effective immediately.
IIT Acquisitions Buys Southwest Phoenix Industrial Buildings for $44M
In a $44.3 million deal, IIT Acquisitions LLC has purchased Buckeye Logistics Center, a two-building, 684,064 square-foot industrial project in the Valley, from Principal Real Estate Investors.
USAA Sells 5 MSF Industrial Portfolio to Duke
Duke Realty Corp. continues boosting its industrial holdings with its latest acquisition – a nearly 5 million-square-foot, Class A, eight-property portfolio sold by USAA Real Estate for $311 million.
$127M in Financing Closes for 37-Property CRE Portfolio
It has a little bit of this and a little bit of that, and now it has $127.5 million in financing. A 2.3 million-square-foot portfolio encompassing 37 industrial, office and retail properties in metropolitan Philadelphia and Melbourne, Fla., has landed a three-year loan provided by Natixis Real Estate Capital.
Rosemount Selects Vacant ADC 2 Building in Shakopee for Engineering and Manufacturing Plant
After announcing its interest in the 60-acre ADC site in Shapokee last year, Rosemount Inc., a division of Emerson Process Management, has now announced that it has selected the vacant ADC 2 building as the home of its new engineering and manufacturing plant.