Industrial
REIT Executive Compensation Up in 2010, Led by Office, Industrial Sectors
Closely mirroring trends in the economy at large, median compensation for C-level executives at the country’s largest REITs saw a gradual push upward during 2010.
Plastics Manufacturer Inks 104,300-SF Lease
Phoenix Packaging Operations L.L.C. took the entire manufacturing and distribution facility at 464 E. Chilton Drive in the Arizona city of Chandler.
Ericsson to Occupy Half-Million SF Near Dallas
Just three weeks after closing its $43.1 million acquisition of the former Nortel Networks Inc. Campus in Richardson, Texas, Pillar Commercial has orchestrated two lease agreements that increase the telecommunication company’s occupancy from 200,000 square feet to 460,000 square feet.
Sabey to Build Data Center
The developer and operator has purchased 38 acres of land for the 490,000-square-foot project in the Dulles Technology Corridor, approximately 30 miles northwest of Washington, D.C.
Half-Million-SF Lease Near Trenton
Kenco Logistic Services L.L.C. has laid claim to more than half of the industrial building at 100 W. Manor Way in Robbinsville, N.J., with the signing of a 504,300-square-foot lease. The four-year-old facility sits along the New Jersey Turnpike.
Berkshire Subsidiary Takes 263,600 SF
Carpeting and flooring manufacturer Shaw Industries Inc. will occupy the industrial space at Point West VI near Dallas under a long-term lease agreement.
Magellan Buys Industrial Building in Inland Empire
The real estate investment and development firm joined forces with equity partner Penwood Real Estate Investment Management to acquire 1400 Victoria Ave., a vacant industrial asset in San Bernardino, Calif.
M&M Mars Signs 500,000-SF Lease
The firm’s new home is located in a million-square-foot building at 13133 Innovation Way, which sits within the 2,500-acre SCLC commercial and industrial complex at Global Access Victorville in Southern California.
ProLogis, AMB Complete Merger
The combined entity is ProLogis Inc. and boasts a 600 million-square-foot global portfolio of industrial assets under management valued at $46 billion.
Transwestern Wins 4 MSF Management Gig
The commercial real estate firm has been given the assignment for Cabot Industrial Properties’ portfolio in Florida, a market Transwestern has targeted for the expansion of its management business.