INDUSTRY NEWS

 

SANSONE & BROADSTONE BEGIN DEVELOPMENT OF 1 MSF DISTRIBUTION CENTER

The Florida distribution center will be leased by “a major supplier of natural and organic foods”. Read More

 

3.6 MSF INDUSTRIAL CAMPUS PROJECT TO BEGIN IN PHOENIX

The industrial real estate project in Phoenix with six buildings is planned to come online sometime in 2025. Read More

 

$1B SOLAR PANEL PLANT IN PRELIMINARY STAGES IN NEW MEXICO

A Singapore-based solar panel company is planning a massive solar power plant in New Mexico, which would be the biggest in the state. Read More

 

TRANSACTIONS

 

FOUNTAIN INN, SC – LIGHTSTONE ACQUIRES SOUTH CAROLINA INDUSTRIAL REAL ESTATE PROJECT

Lightstone Group acquired Woodfield Commerce Center, a 320K-square-foot industrial property in South Carolina for $32 million. Read More

 

SAVANNAH, GA – EQT EXETER PAYS $120M FOR INDUSTRIAL PROPERTY IN GEORGIA

EQT Exeter expanded its portfolio of industrial real estate assets acquiring Southeast Gateway, a 1.2 million-square-foot business park in Savannah. Read More

 

PHOENIX, AZ – GANNETT, THE ARIZONA REPUBLIC’S PARENT COMPANY,  SELLS N PHX PRINTING FACILITY

Gannet Co, sells a 300K-square-foot industrial real estate facility in north Phoenix for $38M. Read More

 

BIRMINGHAM, AL – ACKERMAN & CO ACQUIRES 300K+ SF DISTRIBUTION FACILITY

Ackerman & Co acquired a 307,200-square-foot distribution facility in Birmingham, AL which is 100% leased to Dollar General. Read More

 

FORT WORTH, TX – WESTCORE ACQUIRES INDUSTRIAL REAL ESTATE ASSETS IN TEXAS

Westcore acquired Railhead Business Station from a global real estate investment management firm for an amount that was not disclosed publicly. Read More

 

FREMONT, CA – PROLOGIS ACQUIRES INDUSTRIAL ASSET FOR $87M

Prologis acquired a 246,450-square-foot industrial and research building in Fremonth, California for $86.6 million. Read More

 

 

QUOTE OF THE WEEK

“We live in a world defined by the rapid pace of technological change.”

– Fed Chair, Jerome Powell