Industrial
Charleston Industrial Market Gets Boost with 1.1MSF BTS Deal
Given that the U.S. recession has left the retail market in shambles and the global financial meltdown has hindered trade activity, demand for distribution and warehouse facilities has taken a major hit, so the big news out of Charleston’s industrial market is something that is heard of quite infrequently these days. Rockefeller Group Development Corp. and MeadWestvaco Corp., developers of the 400-acre Rockefeller Group Foreign Trade Zone/Charleston industrial park in Berkeley County, S.C., have just landed a 1.1 million square-foot build-to-suit deal with automotive replacement tires marketer TBC Corp.
Northstar Makes 370,000SF Distressed Play Near Houston
Northstar Commercial Partners has acquired a 370,000-square-foot distribution center in Sugar Land, Texas, near Houston.
ProLogis Signs ITS to 176,000SF Reno Lease Renewal
Global industrial property REIT ProLogis has signed a lease renewal for 176,000 square feet of distribution space in Reno, Nev., with ITS Logistics, a third-party logistics provider.
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