Industrial
Hillwood, Sovereign Wealth Fund Wrap First Closing of $1B Industrial Venture
The partners expect to ultimately raise an aggregate $400 million, which they intend to leverage for $1 billion in acquisitions and development over the next three to four years.
Strategic Storage Trust Acquires 9 Facilities for $64M
In separate transactions, Strategic Storage Trust acquired five self-storage properties located in the greater Dallas/Fort Worth and Midland, Texas markets and four self-storage properties located in Alabama and Tennessee, for a total of approximately $64 million.
JLL’s ‘Space Exchange’ Helps Cos. Participate in Brave New World of Workplace Mobility
Jones Lang LaSalle is preparing for a more flexible work world, in which employees work both onsite and offsite, as opposed to being limited to a single office, by launching a new Internet resource called Space Exchange.
PhoenixMart Global Commerce Center Breaks Ground in Arizona
Construction has begun on PhoenixMart, a $150 million, 1.7 million-square-foot global commerce center in Casa Grande, Ariz., expected to bring more than 9,000 jobs to the region.
Clarion to Sell Mexican Industrial Portfolio for $202M
Clarion Partners is selling a 22-building industrial portfolio located in Mexico to FIBRA Uno, a Mexican public REIT, for $202 million.
Guest Column: How E-Commerce is Changing the Face of Retail
John Morris, leader of industrial services for the Americas for Cushman & Wakefield, talks about the swift ramp-up in e-commerce and how it is impacting the industrial real estate sector.
TPG, Ivanhoé Cambridge JV Acquires Point Park Properties
U.S. private equity firm TPG and Ivanhoé Cambridge have teamed up for the purchase of European logistics firm PointPark Properties (P3) from Bahraini investment company Arcapita.
Craig Meyer: Industrial Development Trends
Craig Meyer, president, industrial, at Jones Lang LaSalle, dishes the scoop that the industry was buzzing about at NAIOP’s Development conference this October.
Chariot Unveils $1B Revitalization Plan for Philadelphia
The local developer is eyeing a technology-centered business hub and a 1,050-unit residential community.
Swire Coca-Cola Leases 257 KSF from United Properties in Denver Area
A Coca-Cola distributor has leased a 257,351-square-foot warehouse under construction at United Properties’ Enterprise Business Center in Stapleton, Colo., in a deal negotiated by Newmark Grubb Knight Frank.