Industrial
Digital Realty Expands into Chicago Suburbs with 575 KSF Campus
Digital Realty Trust, living up to its promise to create demand in the Midwest market, has acquired a 575,000-square-foot redevelopment project in a Chicago suburb to transform the property into a data center.
Adler Fund, Kawa Buy 467 KSF Portfolio in Houston
A joint venture between the Adler Real Estate Fund and Kawa Capital Management has purchased five parks in Houston totaling 16 buildings and 467,000 square feet of office, industrial and flex space.
Arizona Breaks into Top 5 States For Construction Spending: NAIOP
By Alex Girda, Associate Editor A NAIOP Research Foundation report finds that Arizona ramped up commercial real estate development spending in 2011, pumping $4.2 billion into building new space. That total falls short of pre-recession levels, but it was good enough for fifth place, as the state trailed only Texas, New York, West Virginia and […]
Dyno Nobel Considering $800M Plant in Jefferson Parish
By Eliza Theiss, Associate Editor Dyno Nobel International, the Utah-based explosives and chemical products manufacturer, is to spend $30 million on a comprehensive study regarding the feasibility of establishing an $800 million ammonia production factory on a brownfield site in Jefferson Parish, reports Area Development Online. If the study yields a positive result, the facility […]
Nalco Announces $18.7M Expansion in St. John
By Eliza Theiss, Associate Editor Nalco Inc., a company specializing in water, hygiene and energy technologies and services, has announced an $18.7 million expansion at its Garyville facility in St. John the Baptist Parish. According to a company press release, the company will add a 300,000-square-foot dry polymer production facility to its existing complex. It […]
Exclusive: JLL Launches Real-Time PortfolioCommand Offering
Jones Lang LaSalle Inc. now has a new weapon in its arsenal: its new PortfolioCommand offering, to be launched today.
Liberty Property Trust Signs 316 KSF Industrial Lease Outside Chicago
With industrial leasing activity continuing at a brisk pace in metropolitan Chicago, Liberty Property Trust was recently able to fill up a 316,200-square-foot space at a Liberty Business Center building in Aurora, in one fell swoop.
Vision Group Ventures Plans 1.9 MSF Distribution Center in Pennsylvania
Vision Group’s plan for the sprawling industrial center in Lebanon County, Penn., entails three Class A facilities totaling nearly 1.9 million square feet and Panattoni has purchased a 129-acre tract for a 1.5 MSF development.
Alter Group to Develop Spec 606 KSF Industrial Asset in Phoenix
The Phoenix industrial market is growing hungry for large accommodations and The Alter Group plans to help satisfy users’ appetite with the construction of a 605,700-square-foot speculative warehouse/distribution facility at the real estate company’s Buckeye Logistics Center.
Hackman Capital, Calare Properties Purchase 448 KSF Manufacturing Site in Massachusetts
In a joint-venture purchase, Hackman Capital and Calare Properties have made their strong presence in the Massachusetts industrial market even stronger. The two recently acquired the former Evergreen Solar Plant, a 448,000-square-foot manufacturing facility in suburban Boston.