Industrial
Economic Development Coup as Aurora Lands New Distribution Center
By Gabriel Circiog, Associate Editor Following a new 10-year agreement, Aurora has managed to land a new $45 million distribution center for United Natural Foods, which will ensure the addition of 75 new jobs and the retaining of 475 existing … Continue reading →
NKF Brokers 916 KSF Chicago Industrial Lease
Following the trend of positive industrial fundamentals in the Chicagoland area, supply-chain firm M. Block & Sons has signed a 915,645-square-foot lease at 18801 Oak Park Ave. in Tinley Park, Ill. Newmark Knight Frank Epic represented the tenant in the lease transaction.
American Realty Advisors Picks Up More Than 900 KSF Across Five Assets
American Realty Advisors’ commercial real estate purchasing activity has just swelled by approximately 900,000 square feet — and then some — with the recent addition of five properties spanning the industrial, multi-family, office and retail sectors.
Miami's 4.2 MSF Flagler Station Sold to AEW for $340M
The industrial portfolio of Flagler Station, South Florida’s largest business park at approximately 4.2 million square feet, has been sold by its developer to AEW Capital Management for a reported $340 million.
Charlotte Douglas International Airport, Sixth-Busiest in the World, to Expand
By Eliza Theiss, Associate Editor Charlotte Douglas International Airport is the sixth-busiest airport in the world in terms of take-offs and landings, this according to data released by the Airports Council International. The almost 540,000 takeoffs and landings handled in 2011 lifted the airport from the eleventh position it held in 2006. It also experienced […]
CBRE Realty Trust Picks Up 1.4 MSF Warehouse Outside Chicago
CB Richard Ellis Realty Trust has made a significant addition to its Chicago portfolio with the purchase of a 1.4 million-square-foot bulk warehouse and distribution center. The property is fully leased through August 2021.
IBM Renews 1.1 MSF Industrial Lease with Prologis in Mexico
Prologis Inc. has broken its own record in Mexico with the renewal of a nearly 1.5 million-square-foot lease with IBM at the Guadalajara Technology Campus in Guadalajara, Jalisco.
BMO Harris Bank: Midwest CRE to Improve in 2012
According to a new report by BMO Harris Bank, the Midwest is set for a recovery in its CRE markets during the rest of the year.
Duke Realty Signs 1 MSF Industrial Lease for Carter's Inc. Near Atlanta
Duke Realty has signed Carter’s, a provider of children’s apparel and products, to a long-term lease that takes the previously empty 1 million-square-foot Park 85 Brazelton mixed-use campus near Atlanta to 100 percent occupancy.
Hines Global REIT Spends $131M on 1.8 MSF of Industrial Properties in Poland
With the purchase of a 1.8 million-square-foot logistics portfolio, Hines Global REIT has made its entrée into Poland. The REIT, sponsored by real estate investment firm Hines, acquired the group of four properties from ProLogis European Holdings for approximately $130.8 million.