INDUSTRY NEWS
Family Office Launches Flex Industrial Strategy in Southwestern CT
Kloof Capital, a New York-based family office, has acquired a 54,000-square-foot flex industrial property located at 555 Lordship Blvd. in Stratford, CT. Read More
Phoenix’s Industrial Market Still a Standout
Development, deliveries and investment activity remain elevated across the metro, according to Yardi Matrix data. Read More
Retailers Reshape Logistics as Rent Growth Holds Firm
National industrial rates continue to climb as occupiers adapt distribution strategies to enhance delivery efficiency, according to Yardi Matrix data. Read More
Warehouse, Logistics and Automation Adoption
Five years ago, Prologis Research predicted that “warehouse automation would increase in response to the need for efficient buildings.” Read More
TRANSACTIONS
Long Island, NY – Spiegel Associates Pays $54M for Long Island Industrial Portfolio
Marcus & Millichap arranged the deal. Read More
Chicago, IL – IRG Secures 1 MSF Hyundai Lease for Chicago-Area Facility
The truck manufacturer’s move is part of a $450 million investment. Read More
National – Blackstone Secures $1.6B for Industrial Portfolio
Seven banks are expected to co-originate the mortgage loan. Read More
Philadelphia, PA – Colliers Completes 157K-SF Industrial Lease in Northeast Philadelphia
Colliers has arranged a long-term industrial lease extension of approximately 157,000 square feet at 9901 Blue Grass Road in Northeast Philadelphia. Read More
Sayreville, NJ – Worldwide Logistics Leases 450K SF in Sayreville
Trammell Crow Company (TCC) and joint venture partner CBRE Investment Management secured two new leases at Arsenal Trade Center in Sayreville, NJ. Read More
