Industrial
$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.
$160M FAA Regional HQs to Break Ground in Fort Worth
Trammell Crow Company along with its joint venture partner, USAA Real Estate Co., plans to break ground on a $160 million build-to-suit office project in Fort Worth’s Alliance Park.
Interest High in Baltimore Area Industrial Properties
Investors continue to exhibit confidence in the Greater Baltimore industrial market. The low unemployment, close proximity to Washington, DC and Philadelphia, and ease of access to the Port of Baltimore make the area very attractive to industrial users and investors.
Chatham Lodging Trust to Acquire Pittsburgh Hyatt Place for $40M
Chatham Lodging Trust has agreed to purchase the 178-room Hyatt Place Pittsburgh/North Shore near downtown Pittsburgh for $40 million. Scheduled for completion by June 17, the transaction is subject to customary closing requirements and conditions.
Cushman & Wakefield | Thalhimer Brokers Office Condo Sale, Local Colliers Chapter Increases Management Portfolio
Cushman & Wakefield | Thalhimer announced the sale of a Charleston County office asset for $340,000.
Oil-Fueled Norwegian Fund Buys 2.4 MSF Industrial Portfolio in UK
LondonMetric Property Plc, a real estate investment trust, has recently completed the sale of its stake in a large distribution portfolio to a joint venture between U.S.-based Prologis’ European branch and Norges Bank Investment Management.
Liberty Property Trust Obtains LEED Certification for Property in Jacksonville
Liberty Property Trust has proudly announced that its 7259 Salisbury Road building has earned LEED certification from the U.S. Green Building Council (USGBC) under the New Construction™ rating system.
Block Plans $100M Industrial Development on Agricultural Site
Block Real Estate Services Inc. recently closed on the sale of a 118.5-acre Lenexa site which is set to be transformed into a $100 million industrial development.
Kimco, American Industries Sell Mexican Industrial Portfolio for $600M
The REIT and joint venture partner American Industries have entered into an agreement to sell their interests in an 11 million-square-foot portfolio of industrial properties in the country to Terrafina, a Mexican REIT advised by Prudential Real Estate Investors, for $600 million.