Industrial Real Estate Newsletter June 2023

INDUSTRY NEWS

HYUNDAI SET TO BUILD ANOTHER MULTI-BILLION DOLLAR PLANT IN GA

Hyundai Motor Group and LG Energy Solutions are partnering on a new $4.3B electric vehicle battery plant in Bryan county. It will be the second plant of its kind in Georgia built by Hyundai. Read More

$532M IOS INVESTMENT HIGHLIGHTS HOT MARKET FOR UPCOMING INDUSTRIAL SECTOR

Realterm, a global investment manager focused on transportation, raised $532M to recapitalize a national industrial outdoor storage portfolio. Industrial outdoor storage is seen as a rising niche market in the CRE sector. Read More

 

TRANSACTIONS

LITTLE ROCK, AR – BOX EQUITIES ACQUIRES COLD STORAGE FACILITY

Box Equities expanded on its industrial real estate portfolio with the acquisition of a cold storage facility in Little Rock, AR. It’s currently 100% occupied by Performance Food Group. Read More

 

ATLANTA, GA & MEMPHIS, TN – MDH ACQUIRES TWO-BUILDING PORTFOLIO

MDH Partners announced the acquisition of the two-building, 1.4M-square-foot industrial portfolio across the Atlanta and Memphis markets. Read More

 

GLENDALE, AZ – $81.7M ACQUISITION OF INDUSTRIAL ASSET

Cushman & Wakefield advises $81.7M Sale and acquisition financing for 599,486 SF industrial asset in Glendale, AZ. Read More

 

PHOENIX, AZ – KKR BUYS TWO INDUSTRIAL PROPERTIES FOR $250M

Global investment firm, KKR, acquired two newly constructed industrial properties in Phoenix and Atlanta respectively. Read More

 

FORT MILL, SC – GROWTH CAPITAL PARTNERS, HIGHLINE REAL ESTATE BUY INDUSTRIAL BUILDING

Growth Capital Partners and Highline Real Estate acquired a 478K-square-foot industrial building in Fort Mill, SC. Read More

 

DENVER, CO – EVERWEST INKS INDUSTRIAL DEAL FOR NEARLY $40M

EverWest acquires Central Connection industrial project in Denver for $39.6M. Read More

 

 

QUOTE OF THE WEEK

“A particular focus for us now over the past six, seven weeks now and going forward is going to be what’s happening with credit tightening.” – Fed Chair Powell