Industrial Real Estate Newsletter May 2024

Industrial Real Estate Newsletter April 2024 2 - Box Equities Newsletter Industrial Real Estate

INDUSTRY NEWS

GREYSTAR FINALIZES 1ST INDUSTRIAL REAL PROJECT IN AZ

Gateway Grand Phase I, a 1 million-square-foot industrial project developed by Greystar, was just completed in the Greater Phoenix area. Read More

COCA-COLA SUBSIDIARY BREAKS GROUND ON $650M DAIRY PRODUCTS PLANT

The Coca-Cola Co and their fairlife dairy products subsidiary broke ground on a 745K-square-foot production facility by the Rochester, NY area. It will be a $650 million investment. Read More

SPECIALTY BUILDER SET TO SPEND $40M ON SILER CITY INDUSTRIAL FACILITY

An off-site construction services company is investing $40 million on a new factory outside of Siler City in North Carolina. The company’s investment in the area is set to create over 150 jobs in the area over the course of the next five years. Read More

 

TRANSACTIONS

ORLANDO, FL – INVESTCORP SELLS INDUSTRIAL ASSET FOR $40M

Harbert Management Corp acquired a five-building industrial park in Orlando, FL called Cypress Park for $40.5 million. Read More

RENO, NV – DORNIN ACQUIRES 20-BUILDING INDUSTRIAL PORTFOLIO FOR $70M

Dornin Investment Group (DIG) acquired a 20-building, 400K-square-foot portfolio of industrial real estate properties in Reno for $70 million. Read More

CHICAGO, IL – STONEPEAK PURCHASES INDUSTRIAL REAL ESTATE PORTFOLIO FOR $125M

Stonepeak acquired an industrial real estate portfolio in Chicagoland for $70 million. The total square footage of the buildings is 1.7 million. Read More

MOUNT PROSPECT, IL – ENTRE COMMERCIAL BROKERS SALE OF 112K-SF INDUSTRIAL PROPERTY

Entre Commercial Realty negotiated the sale of an 112K-SF on 5.6 acres of land in Illinois. Read More

MOUNT PROSPECT, IL – ENTRE COMMERCIAL BROKERS SALE OF 112K-SF INDUSTRIAL PROPERTY

Terreno Realty Corp further expanded its industrial portfolio around Washington D.C. with the acquisition of Fleet Industrial Park for $84.3 million. Read More

GLEN ALLEN, VA – SCANNELL PROPERTIES SELLS COLD STORAGE FACILITY FOR $85M

Scannell Properties sold its cold storage industrial facility for $85 million. It is currently occupied by Performance Food Group Co. Read More

 

Industrial Real Estate Newsletter April 2024 2 - Box Equities Newsletter Industrial Real Estate

 

QUOTE OF THE WEEK

“In recent months inflation has shown a lack of further progress toward our 2% objective. It is likely that gaining greater confidence will take longer than previously expected. My expectation is that over the course of this year we will see inflation move back down.”

 – Chair Jerome Powell