Industrial
ProLogis Leases 449,000 SF of Distribution Space in L.A.
Port Logistics will occupy the space at Industry Distribution Center Building Six, which is located at the intersection of the 60 and 57 freeways in the City of Industry. The location is billed as strategic for distribution to Southern California and the western United States.
SoCal Industrial Property Acquired
This year’s largest industrial sale per square foot in Huntington Beach, Calif., is now complete. Teacher Created Materials, a local company, purchased the 38,149-square-foot building at 5482 Argosy Ave.
Dermody/DP Sells Pair of Large Industrial Properties
The firm sold a 689,400-square-foot building in Savannah, Ga., and a 599,500-square-foot building in Logan, N.J. The Savannah transaction is that market’s largest Class A industrial sale in nearly three years.
Blackstone Wraps Up $1B Purchase of ProLogis Industrial Assets
The group of 182 premier assets, leased to more than 500 tenants, spans 28 key markets across a total of 19 states.
Half-Billion in Financing Closes for 880,500-SF Government-Leased Portfolio
Funding, part of which was actually completed in late 2009, for the four-property portfolio comes in the form of a $271 million construction loan and $256 million in permanent financing.
CBRE Inks 374,100-SF Warehouse Lease Renewal for Newegg
Newegg will use the space as its warehouse and distribution headquarters for the Northeast.
Pacific Newport Rakes in $85.3M in Southern California’s Largest Industrial Sale of 2010
Harbinger of big change or no, Southern California has just seen its largest industrial property transaction of the year to date with Pacific Newport Properties Inc.’s disposition of Mira Loma Distribution Center.
JLL Nails Down 100,000-SF Industrial Lease in Southern California’s Inland Valley
According to JLL executive vice president Sam Foster, landlord EastGroup Properties showed an impressive ability to adapt to current conditions, making it possible to secure a deal with REPET that provided improvements at a favorable rate.
ProLogis Fine-Tuning Deal to Sell Industrial Portfolio to Blackstone for $1B
If it comes to fruition, it will be a very, very big deal for global distribution facilities provider ProLogis.
AMB Inks Leases on 124,700 SF at Beacon Lakes Building
The building is located at Beacon Lakes, a joint venture of AMB and Flagler. It sits on 478 acres west of Miami International Airport and northwest of the intersection of State Road 836 and the Florida Turnpike.