Investment
Liberty Property Trust Buys $52M Inland Empire Industrial Building
The REIT purchased I-210 Logistics IV, a 426,300-square-foot property in Rialto, Calif., and subsequently leased the entire facility to engineering and logistics company CTDI.
Marcus & Millichap Arranges MN Industrial Deal
Sean O’Brien and John Godwin, investment specialists with the company, closed the $4.7 million deal. The asset is located in St. Paul.
New 200 KSF Industrial Facility Coming to Metro Austin
City officials finalized the $3.4 million sale of a 24-acre lot where seven buildings, totaling more than 205,000 square feet of office-industrial flex space, will be built.
National Manufacturing Co. Grabs NJ Industrial Asset
The 88,000-square-foot property is located in Piscataway, along the Interstate 287 corridor, one of New Jersey’s most active industrial hubs.
Hilco Buys Boston-Area Office Campus for $86M
NKF Capital Markets arranged the company’s acquisition of CenterPoint, a 440,000-square-foot property in Waltham, Mass., which formerly served as an R&D and manufacturing hub for Raytheon.
Cloud Activity Drives Data Center Demand
Northern Virginia remains the sector’s largest market, but the lack of supply in some major metros is expected to drive more growth in secondary markets like Phoenix, San Antonio and Austin.
AT&T’s Dallas HQ Building Changes Hands
CBRE has facilitated the sale of the 37-story Whitacre Tower on behalf of Icahn Enterprises. AT&T’s lease renewal through 2030 played a significant role in attracting more than 20 bidders.
MOB Sector Keeps Thriving
Demand for the specialty product is likely to stay robust for the long term, Marcus & Millichap predicts in a new report.
Sacramento Valley Retail Center Changes Hands for $18M
The shopping center opened its doors in 1985, anchored by K-Mart. Engstrom Properties renovated the asset and shifted toward a diversified mid-size tenant roster.
Benderson Development Grabs Bay Area Retail Asset
The vacant building that used to be home to Toys “R” Us and Babies “R” Us contains approximately 45,000 square feet.