INDUSTRY NEWS
LARGEST READY-TO-DRINK COFFEE FACTORY OPENS IN ARKANSAS
Westrock Coffee invested $315 million in a new factory in Arkansas making it the largest roast-to-ready-to-drink manufacturing facility in North America. Read More
LOGISTAR INKS INLAND EMPIRE INDUSTRIAL ASSET LEASE
Logistar Inc inked an industrial lease at Airport Distribution Center in Ontario, California. Read More
WIELAND STARTS DEVELOPING $500M PLANT REDEVELOPMENT PROJECT
Work began on the redevelopment of a production facility owned by Wieland Group in Illinois. The facility is over 100 years old. Read More
TRANSACTIONS
MESA, AZ – JV ACQUIRES INDUSTRIAL PARK FOR $33M
A JV between Bendetti and Westport Capital Partners acquired the industrial real estate park in Mesa, Arizona. It is over 150,000 square feet in space total. Read More
CHICAGO, IL – STREAM REALTY PARTNERS ACQUIRES INDUSTRIAL PROPERTY FOR $19M
Stream Realty Partners acquired Halsted Pershing Business Center, an industrial facility in Chicago, for $19 million. Read More
JACKSONVILLE, FL – BIXBY INKS 2 INDUSTRIAL ASSETS FOR $54M
Bixby Capital Management acquired two Class A warehouses in Jacksonville, Florida for $53.5 million. Read More
PHOENIX, AZ – MACK REAL ESTATE BUYS PHOENIX INDUSTRIAL PROPERTY FOR $63M
Mack Real Estate acquired an industrial property in Arizona that when fully built could include 1.2 million square feet of space. Read More
PORTLAND, OR – BKM BUYS PORTLAND INDUSTRIAL PARK FOR $63M
BKM Capital Partners paid $62.7 million for the acquisition of Columbia Commerce Park in Portland, Oregon from Clarion Partners. Read More
SACRAMENTO, CA – BKM CAPITAL SELLS CA INDUSTRIAL ASSETS FOR $43M
GPR Ventures purchased two industrial real estate assets in California for $42.7 million from BKM Capital Partners. Read More
QUOTE OF THE WEEK
“Inflation and labour market developments in the US have unfolded differently in recent quarters compared to many other advanced economies, likely reflecting a more open immigration policy and significantly larger discretionary stimulus since the pandemic.”
– Michelle Bowman, Federal Reserve Bank Governor on the Federal Open Market Committee