Industrial Real Estate Newsletter May 2024

Industrial Real Estate Newsletter May 2024 - Box Equities CRE 2024

INDUSTRY NEWS

PROPERTY MANAGEMENT SUCCESS FOR “COOL HEADS” PER COMMERCIAL PROPERTY EXECUTIVE REPORT

Demand for cold storage facilities over the past few years has increased a lot and it’s expected to grow 17.5% annually by 2030. It had a $36.9B market value in 2023. Read More

KOHLER OPENS A NEW MANUFACTURING FACILITY NEAR PHOENIX

The Kohler plant is one million square feet and sits on a 216-acre site with room for expansion in the future. Read More

FUNDRISE REFINANCES 1.1M SQ FT INDUSTRIAL REAL ESTATE PORTFOLIO

Cushman & Wakefield helped arrange the financing of the industrial assets across three major markets. Read More

 

TRANSACTIONS

INLAND EMPIRE, CA – STOCKBRIDGE PAYS $142M FOR SOCAL INDUSTRIAL RE PORTFOLIO

San Francisco-based Stockbridge acquired a two-property portfolio in SoCal’s Inland Empire from Principal Asset Management. Read More

TEXAS – MORGAN STANLEY REAL ESTATE SELLS 4 WAREHOUSE PORTFOLIO FOR $178M

The four properties are located near the US-Mexico border and total more than 1.2M square feet of space. Read More

TUCSON, AZ – INDUSTRIAL CAMPUS IN AZ TRADES HANDS FOR $119M

Flint Development sold Tucson Commerce Center, an 806K-SF, three-building industrial campus to two buyers for $118.7 million. Read More

NASHVILLE, TN – KKR ACQUIRES LOGISTICS CENTER FOR $76M

KKR acquired the logistics center in Nashville for $76 million. The property has been leased out by Amazon since 2019. Read More

JACKSONVILLE, FL – REDFEARN CAPITAL JV ACQUIRES FL INDUSTRIAL ASSETS FOR $48M

Somerset Properties and CenterSquare sold the assets to the joint venture of Redfearn Capital and TPG Angelo Gordon. Read More

SEATTLE, WA – CENTERPOINT SELLS INDUSTRIAL BUILDING FOR $27M

CenterPoint Properties has sold Pike Distribution Center, a 100K-square-foot industrial building for $26.6 million to KRL Legacy LLC, an affiliate of ACE Relocation System, Inc. Read More

Industrial Real Estate Newsletter May 2024 - Box Equities CRE 2024

 

QUOTE OF THE WEEK

“I have been keeping a close eye on inflation. The good news is that inflation has eased dramatically from the peak reached almost two years ago. However, inflation remains above the Federal Open Market Committee’s (FOMC) 2% inflation objective.”

 – Vice Chair of Federal Reserve Phillip N Jefferson