INDUSTRY NEWS
THE TOP 100 INDUSTRIAL LEASES OF 2023 SHOW THAT TENANTS DIDN’T GO AS BIG AS 2022
The demand slowing down for industrial and logistics warehousing shows from the smaller number of big industrial leases of 1 million or more square feet in 2023 per a report from CBRE. Read More
LUCID PLANNING TO BUILD $1B PLANT EXPANSION
Lucid group is stepping up big time at its Casa Grand EV auto plant. The company plans to spend $1 billion on Phase II of its Advanced Manufacturing Plant. Read More
PCCP PROVIDES $102M FOR SOUTHEAST INDUSTRIAL PORTFOLIO
Stoltz Real Estate Partners obtained an $102 million senior loan from PCCP LLC for a five-property industrial portfolio totaling 1.6M square feet. Read More
JACKSON-SHAW SET TO BUILD 1.8M SF INDUSTRIAL RE PARK
Jackson-Shaw is set to develop a seven-building, 1.8 million business / industrial park in Rowlett. Read More
FOUNDRY BEGINS CONSTRUCTION ON 510 KSF LOGISTICS PARK IN JACKSONVILLE
The industrial real estate project in Jacksonville will consist of three buildings and will come online in late 2024. Read More
ICG CRE BREAKS RECORDS WITH INDUSTRIAL LAND SALES 3 YEARS RUNNING
ICG CRE in Chicago continues to break records with industrial land sales in the Chicagoland area with upwards of 1,200 acres sold in the last 3 years. Read More
TRANSACTIONS
CHEROKEE, AL – AE INDUSTRIAL ACQUIRES 2 MSF INDUSTRIAL FACILITY FOR $190M
Rocker Shoals, LLC, an affiliate of AE Industrial Partners, recently acquired 2.3 million square feet of industrial space in Cherokee, AL to create an aerospace hub. Read More
AZ, CO, CA, & FL – STOCKBRIDGE CAPITAL SELLS 1.7 MSF INDUSTRIAL PORTFOLIO
Two different buyers acquired the industrial real estate assets from Stockbridge Capital Group. The properties are in four major markets across the United States. Read More
WHITESTONE, IN – CBRE BROKERS TRANSACTION OF INDUSTRIAL BUILDING FOR $24.5M
CBRE brokered the deal for an industrial real estate property in Indiana for a total of $24.52 million. The asset acquired the asset at a 5.6% cap rate. Read More
DENVER, CO – INVESCO SELLS INDUSTRIAL RE CAMPUS FOR $74M
Invesco sold three industrial real estate buildings in Denver to Hyde Development and Mortenson Properties for $73.5 million. Read More
IRVINE, CA – TISHMAN SPEYER & MITSUI FUDOSAN AMERICAN ACQUIRE INDUSTRIAL SITE FOR $146M
The two companies purchased the fully entitled land for a 600K-square-foot industrial development. Read More
QUOTE OF THE WEEK
While demand has now receded moderately, it remains historically strong. However, we do not expect as many mega industrial leases in the near and mid-term as we saw in 2022.
– John Morris, President of Americas Industrial & Logistics for CBRE