Industrial
Ascent to Develop New Data Center in St. Louis Tech Corridor for $85M
Ascent, a St. Louis-based provider of solutions for the development, design and operation of data centers, is expanding its footprint in its hometown, with plans to develop a new multi-tenant facility spread across 15 acres of a greenfield site.
Commonwealth REIT Retains CBRE for 43 MSF Property Management Portfolio
CBRE Group has been tapped by CommonWealth REIT to provide property management services for the company’s 43 million-square-foot portfolio.
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.