INDUSTRY NEWS
CENTERBRIDGE PARTNERS AND GIC ACQUIRE INDUS REALTY TRUST, INC
INDUS Realty Trust, Inc officially announced the merger by affiliates of Centerbridge Partners, L.P. and GIC for approximately $868M. Read More
3.7M SF INDUSTRIAL PROJECT IN KANSAS CITY SET TO BEGIN
Final approval of a 3.7M SF industrial real estate project has been given, and it is estimated to cost $365 million total. Read More
ENTEGRIS SET TO BREAK GROUND ON $600M COLORADO SPRINGS PLANT
Entegris is going to break ground on $600M plant that will create 600 jobs in the Colorado Springs area. The plant is expected to be operational by 2025. Read More
WALMART OPENS THE LARGEST FULFILLMENT CENTER IT’S EVER HAD
Walmart opens one of four total fulfillment centers that will drastically increase their industrial real estate footprint. The facility that just opened is 2.2M square feet. Read More
TRANSACTIONS
MINNEAPOLIS / ST PAULI, MN – ACQUISITION OF $249M INDUSTRIAL PORTFOLIO
Capital Partners, Investcorp collaborate in partnership to buy 17 assets with 2.5M SF for nearly a quarter of a billion dollars. Read More
STAFFORD, VA – $79.5M SALE OF INDUSTRIAL PROPERTY LEASED TO FEDEX
Cushman & Wakefield announce the sale of 95 Distribution Center, a 486,720-square-foot industrial property in Stafford, VA. Read More
NORTHLAKE, TX – TREEHOUSE FOODS ACQUISITION OF COFFEE FACILITY
TreeHouse acquires a state-of-the-art Northlake facility, built in 2017, that is specialized in the roasting, grinding, flavoring, and blending of coffee beans. Read More
DALLAS, TX – NEWMARK ARRANGES SALE OF INDUSTRIAL ASSET
Newmark announces the sale of Forney Logistics Center, a 909,495-square-foot, cross-dock industrial asset in Forney, TX. Read More
DALLAS, TX – CAWLEY PARTNERS PURCHASES TRADE CENTER IN NORTHERN DALLAS
Locally based investment and development firm, Cawley Partners, purchases Frankford Trade Center, a 187,424-square-foot industrial property. Read More
DALLAS, TX – CALIFORNIA INVESTOR ACQUIRES ROCKWALL INDUSTRIAL PROJECT
Westcore Properties purchased the new Rockwall Distribution Center in North Texas. The industrial asset has 31,120 square feet of space. Read More
COLUMBUS, OH – INDUSTRIAL PROPERTIES ACQUIRED BY LIGHTSTONE FOR $21M
East Coast real estate firm, Lightstone, acquired a set of industrial properties in Columbus with a total of nearly 500,000 square feet total. Read More
BOSTON, MA – TEXAS REIT ACQUIRES INDUSTRIAL PARK FOR $27M
Spirit Realty Capital acquired Alsen Mapes industrial park in Dorchester industrial park from Keystone Capital Management. Read More
PHOENIX, AZ – NIKOLA SELLS COOLIDGE INDUSTRIAL SITE TO INVESTOR
Electric vehicle manufacturer, Nikola Corp., recently sold 400 acres of land in Coolidge, near Phoenix, to an investor. Read More
INLAND EMPIRE, CA – MDH INKS LOGISTICS CENTER ACQUISITION FOR $112M
MDH Partners acquires Harvill Logistics Center in Perris, California for $112M. The facility sold for $57.5M just two years prior. Read More
HOUSTON, TX – MDH ACQUIRES FULLY LEASED INDUSTRIAL BUILDING
MDH Partners acquires South Belt Central Building 4 in the Houston market, a 603,389-square-foot industrial asset. Read More
QUOTE OF THE WEEK
“We have to get inflation down to 2% and we will. We just don’t see that yet.” – Jerome Powell, Fed Chair