Industrial
CT Realty Disposes of SoCal Portfolio for $30M
The portfolio featured mutliple residential, industrial and officer properties that CT purchased in 2009 and 2010 through several senior loan pool acquisitions. It comprises 140,000 square feet.
Liberty Property Trust Sells 14 Virginia Properties
The $97 million portfolio, which was sold to Lingerfelt Development, totals 918,889 square feet.
AMB’s Asia Portfolio Stabilizes
For companies seeking premier industrial space for lease in Asia, AMB Property Corp. is nearly fresh out for the time being. With the recent closing of four leases totaling 420,900 square feet at AMB Sendai-Tagajo Distribution Center in Sendai, Japan, the company’s entire legacy development portfolio in Asia is now stabilized.
113,000-SF Sublease Lures N.Y. Dweller to N.J.
Total Office Planning Solutions will utilize the space to assemble and distribute office furniture to clients based in Manhattan, which is within 10 miles of the Bergen County property.
Kidder Matthews Gets 3.8 MSF Assignment
The King County portfolio that is now in Kidder Mathews’ care includes Northwest Corporate Park-Kent, which, with offerings totaling 2.7 million square feet, holds the distinction of being the largest industrial park in the Kent Valley submarket. Kent North Corporate Park is also part of the package, and features approximately 1 million square feet of Class A distribution and warehouse accommodations.
Industrial Firm NFI Inks Massachusetts Lease
The supply chain solutions firm took 135,000 square feet at the Devans Industrial Park.
CBRE: N.J. Industrial Market Appears Robust
There’s fertile field in the Garden State, at least when it comes to the industrial market. According to CB Richard Ellis Group Inc., the industry has turned the corner toward recovery, with a progressively more optimistic outlook.
Williams-Sonoma Leases 411,700-SF Facility
Kelly Boulevard Associates L.L.C. filled the empty tenant roster for its industrial property at 2973 Kelly Blvd. in Claremont, N.C., in one fell swoop. The business entity, a joint venture involving JER Partners and Fulcra Enterprises, got the home furnishings specialty retailer to sign on the dotted line.
Panasonic Relocates, Expands in SoCal
In need of more elbow room, Panasonic Corporation of North America took an entire building within Anaheim, Calif.’s 2,300-acre Anaheim Canyon Business Center industrial park. The company signed a lease with the landlord, Panattoni Development Co., to make its new home in the 300,000 square-foot Anaheim Concourse Distribution Center.
Industrial Income Buys 1.3 MSF Industrial Asset
The Atlanta-area property, which was purchased for $33.8 million, marks the firm’s fourth acquisition this year.