Industrial
First Solar Acquires Mesa Proving Grounds Land
The 135 acres will be used for the first phase of the firm’s next solar module fabrication plant and future expansion.
AMB Invests $1B in China Through New JV
The global industrial real estate developer and operator has established AMB China Logistics Venture I with HIP China Logistics Investments Ltd. to invest in logistics properties in prime locations.
Miami Marks Major Industrial Lease
Betty Dain Creations has signed on for 130,000 square feet of space for its new headquarters at the mixed-use Flagler Station Business Park, the largest new industrial lease in the city this year.
IPD: U.S. Real Estate Among Top Performers
The U.S. commercial real estate industry is not only recovering, it is performing better than real estate in many other nations, according to findings presented at IPD’s conference.
Industrial Venture Holds Capacity for 4 MSF
With the creation of two new development partnerships accounting for a combined 277 acres in metropolitan Tampa Bay, Fla., Brennan Investment Group L.L.C. is positioning itself to become the go-to firm for build-to-suit industrial properties in the area.
Duke Secures 168,000-SF Tenant
Duke Realty Corp. has rounded up a tenant to occupy space at Grand Lakes I, a 755,400-square-foot, state-of-the-art bulk warehouse facility in Grand Prairie, Texas, less than 10 miles west of Dallas.
Electrolux Takes 600,000 SF in Georgia
The deal is part of the appliance manufacturer’s expansion in Georgia; earlier this year the firm announced plans to locate an expanded customer care center in Augusta.
HP Commits to 1.4 MSF at Cajon Distribution Center
In one of the largest industrial leases ever in the greater Los Angeles area, Hewlett Packard Co. has signed a deal to occupy the entire premier San Bernardino business park.
ProLogis Closes First Leg of $505M Catellus Sale
As per the agreement with TPG Capital, ProLogis will retain a preferred equity interest in Catellus, which the global distribution facilities provider acquired in 2005 in a $5.5 billion acquisition. The total consideration for the first tranche was $353 million.
AMB, Allianz Form $648M JV to Acquire Logistics Properties
AMB will make an initial joint venture equity commitment of 15 percent, or approximately $97 million, and Allianz will contribute the remaining $551 million.