INDUSTRY NEWS
SIMTRA BIOPHARMA WILL BEGIN $250M EXPANSION AT PLANT IN INDIANAPOLIS
Phase one of Simtra BioPharma’s new facility in Indiana is set to come online by mid-2025. The announcement comes after the 2023 acquisition of Simtra by Advent International. Read More
CHICAGO INDUSTRIAL REAL ESTATE DEVELOPER PLANS TO EXPAND TO NEW MARKETS
FCL Builders, LLC, an industrial real estate builder based in Chicago is slowly but steadily becoming a national player from where it started as a more regional company. Read More
ARES MANAGEMENT SEALS THE DEAL FOR $150M LOAN
Affinus Capital originated the 10-year financing deal for Ares Management. The $150 million loan will be used to acquire a six-property industrial portfolio. Read More
TRANSACTIONS
NORTH CAROLINA – EQUUS INKS NC INDUSTRIAL PORTFOLIO DEAL FOR $124M
Equus Capital Partners acquired a nine-building industrial real estate portfolio near Charlotte and Greensboro for $124 million. Read More
LONG ISLAND CITY, NY – SKYLINE TOWER DEVELOPER ACQUIRES LIC SITE FOR $57M
United Construction & Development Group recently acquired a development site in Long Island City, NY from Fisher Bros. for $57 million. Read More
DENVER, CO – MIDTOWN NATIONAL ACQUIRES SALTBOX-OCCUPIED INDUSTRIAL FACILITY
Midtown National acquired the 101K-square-foot property for $13.5 million from New York-based Watchung Capital. Read More
PHOENIX, AZ – MDC PURCHASES INDUSTRIAL WAREHOUSE FOR $24.3M
MDC Realty Advisors purchased a 144K-square-foot industrial warehouse asset near the Sky Harbor Airport in Phoenix, AZ for $24.3 million. Read More
HANOVER, MD – COLLIERS FACILITATED THE SALE OF A DISTRIBUTION CENTER FOR $13M
A 66K-square-foot industrial property in Maryland sold for $13 million. It was originally built in 1972 and was converted to a data center before reverting to its original configuration. Read More
SAN DIEGO, CA – BKM CAPITAL ACQUIRES SAN DIEGO INDUSTRIAL ASSET FOR $70M
Canyon Industrial Center, an industrial asset in San Diego, was recently acquired by BKM Capital. It will have a multimillion-dollar renovation. Read More
SOUTH BRUNSWICK TOWNSHIP, NJ – INVESCO INKS NEW JERSEY INDUSTRIAL PROPERTY FOR $55M
Invesco Real Estate purchased a 216K-square-foot industrial building for $55 million. The asset last sold for $22M in 2018. Read More
QUOTE OF THE WEEK
“The consumer today is flush with cash; they’re spending money; they’re just doing it differently. The demand is just insatiable and leading to a hybrid of mixing bricks and mortar with e-commerce. The balancing act of supplementing retail with e-commerce is really the game changer.”
– Tom Bak, Senior Managing Director, Trammell Crow Co.