Industrial Real Estate Newsletter December 2024

INDUSTRY NEWS

Industrial Report: Automation and AI Shape Future Demand

How users are optimizing their networks to accommodate the latest technologies, according to CommercialEdge.  Read More

Proposed Tariffs Contribute To Prologis Downgrade At BMO Capital

Investment bank BMO downgraded industrial REIT Prologis, one of the world’s largest logistics facilities owners. Read More

Utz Opens Pennsylvania Industrial Facility

This will be the company’s primary logistics hub.  Read More

Wise Foods Upsizes in Totowa Industrial Lease

WBE arranged a 61,000-square-foot industrial lease for salty snack maker Wise Foods at 70 Maltese Dr. in Totowa, NJ. Read More

TRANSACTIONS

Miami, FL – Link Spins Off $205M Sunrise Industrial Property

Link Logistics sold four industrial properties in Sunrise for a combined $205.5 million. Elion Partners was the buyer. Read More

Chicago, IL – Lilly Earmarks $3B for Metro Chicago Facility

Construction on the plant expansion will kick off next year. Read More

Boston, MA – B&D Holdings Buys Boston-Area Industrial Facility

The buyer secured nearly $14 million in acquisition financing. Read More

Dallas, TX – Longpoint Picks Up 415 KSF Distribution Center in DFW

Two tenants fully occupy the Class A industrial building. Read More

QUOTE OF THE WEEK

“Industrial remains a bright spot in the commercial real estate landscape. We’re seeing strong leasing activity, rent growth, and investor demand, even with some broader economic headwinds.”

– Kevin Thorpe, Chief Economist, Cushman & Wakefield