FEATURED TRANSACTION
ATHENS, GA – 275K-SF CARRIER MANUFACTURING & DISTRIBUTION FACILITY ACQUIRED BY BOX EQUITIES
Box Equities is pleased to announce its most recent acquisition – a 275,000 SF manufacturing and distribution facility located in Athens, GA fully leased to Carrier Corporation. This location serves as Carrier’s headquarters for their Transicold operation, which plays a pivotal role in the transportation of perishable goods throughout the country.
INDUSTRY NEWS
CLARION, SEEFRIED BEGIN DEVELOPMENT OF TAMPA INDUSTRIAL PROJECT
The phase one of Park 4 Logistics Center, an industrial real estate asset in Tampa, will include two buildings in the project. Read More
CONNECTCRE KEEPS AN EYE ON THE COMMERCIAL REAL ESTATE SUPPLY
ConnectCRE chats with a CRE expert at Marcus & Millichap regarding the supply of assets and properties in the four main CRE sectors, including the industrial market. Read More
WHERE’S THE NEXT INDUSTRIAL HOTSPOT? HEAD SOUTH, SAYS COMMERCIAL PROPERTY EXECUTIVE
This country is becoming more and more relevant in the conversation of industrial real estate markets. Find out which country it is. Read More
TRANSACTIONS
JENISON, MI – COLDWELL BANKER COMMERCIAL CLOSES SALE OF MANUFACTURING ASSET IN JENISON MI FOR $6M
Coldwell Banker Commercial Woodland-Schmidt completed $6M sales of 64K-square-foot manufacturing facility in Jenison, MI. Read More
PHOENIX, AZ – VIAWEST ACQUIRES PHOENIX INDUSTRIAL REAL ESTATE PORTFOLIO FOR $71M
Clarion Partners sold a six-building industrial real estate portfolio in the Phoenix area to ViaWest Group for $71.1 million. Read More
LOS ANGELES, CA – REXFORD PURCHASES INDUSTRIAL LOW-VACANCY ASSET FOR $84M
Rexford Industrial Realty acquired off-market deal for industrial real estate property in Southern California for $84 million, or $359 / sq ft. Read More
HOUSTON, TX – SEALY & CO PURCHASES FULLY LEASED INDUSTRIAL REAL ESTATE ASSET IN HOUSTON
Sealy & Co sealed the deal on Great 290 Distribution Center, a 500K-square-foot industrial asset in Houston, TX. They used a $50M line of credit from KeyBank to acquire the building. Read More
SEATTLE, WAX – INDUSTRIAL CAMPUS IN WA STATE SELLS FOR $41 MILLION
Cascade RCL sold The Cascade Building, a 10-acre industrial park located in Washington state for $41 million. Read More
VANCOUVER, WA – NEWMARK, COLLIERS BROKER RECORD SALE FOR INDUSTRIAL LAND SITE
Newmark & Colliers broker a record land sale for $96 million. The development site is a part of a 220-acre waterfront industrial park. Read More
CHICAGO, IL – MIDWEST INDUSTRIAL RE FUND CLOSES SALE OF 400K-SQ-FT INDUSTRIAL BUILDING
Midwest Industrial Funds completed the sale of a newly developed industrial building in Bartlett, IL. The building will be the future home of RIM Logistics. Read More
QUOTE OF THE WEEK
The opposite of retail is industrial, adding square footage at an astounding clip. Marcus & Millichap preducts that 360M square feet of industrial will be delivered in 2024, upping the vacancy to about 6.1%.
– ConnectCRE Covering Supply of CRE Markets in 2024