News
US Bank Breaks Ground on $250M Minneapolis Data Center
Stream Data Centers was tapped to develop the 56,000 square-foot-building by the end of this year. Upon completion, the center will incorporate two utility feeds from two separate substations designed to support 2.4MW of IT data load.
Meritex Snags 300 KSF Industrial Property
1080 Park Place in Shakopee, Minn., was built in 1993 by The Opus Group and boasts full occupancy. Steve Dorff, senior asset manager with Meritex, will manage the property.
Fort Worth Shopping Center Gets New Name, Tenants
West Elm, Common Desk and C.H. Robinson are the new tenants announced for the recently rebranded Crockett Row at West 7th. They will open in phases and will occupy a combined 36,000 square feet of retail and office space.
Chinese Manufacturer to Invest $11M in First SC Plant
China Hengshi Foundation Co. is locating new operations in Richland County. The facility is expected to create a little under 50 jobs.
Louisiana Triple Net Lease Dollar General Changes Hands
The 10,640-square-foot building traded for $1.3 million. The Dollar Tree lease featuring no landlord responsibilities is set to expire in 2031.
Economy Watch: Leading Economic Indicators Hint at Late-Year Growth
A 0.3 percent increase in the Conference Board’s Leading Economic Index seems to point to the continual recovery of the U.S. economy, despite weak first-quarter GDP growth.
CBRE Closes Sale of Ft. Lauderdale-Area Retail Asset
Advance Auto Parts has been operating at the location for the past 25 years and has recently signed a 10-year lease renewal.
Office Building Planned for Miami’s CocoWalk
The new ownership is set to revitalize CocoWalk’s existing retail spaces, with plans to add a five-story office building to the lifestyle center.
MCA Realty to Develop 140 KSF Industrial Facility
With completion scheduled for the end of the year, MCA Realty is set to break ground on the new industrial development this month. CBRE and Lee & Associates represented MCA in the acquisition of an 8-acre parcel in Temecula, Calif., for the project.
SMS Lodging Adds Miami Hotel to Management Portfolio
Hotel Astor marks the eighth project for the company in South Florida, as it also owns, manages and operates several boutique properties in Key West and Miami.