INDUSTRY NEWS
INDUSTRIAL REAL ESTATE SECTOR MANEUVERS “GROWTH CHALLENGES”
Despite the fact that development is booming currently, a lot of the new industrial space is concentrated in a few markets according to a report from CommercialEdge. Read More
BINSWANGER SEALS 2.1MSF LEASE FOR CONAIR IN MARYLAND
Conair, a consumer-products company, just signed a 10-year lease for a 2.1M-square-foot distribution center in Maryland. Read More
STREAM, AEW FINALIZE 360K-SF INDUSTRIAL ASSET IN ATLANTA
Union City Logistics Center, a 360K-square-foot industrial facility near Atlanta, is not complete. It was developed by AEW Capital Management and Stream Realty Partners. Read More
NEW YORK, NY – SUPERMARKET RETAIL PROPERTY TO CONVERT TO LOGISTICS CENTER
Simone Development Cos acquired a vacant retail property in NYC’s Bronx borough, and they plan to convert it into a “much-needed” industrial real estate space. Read More
TRANSACTIONS
NASHVILLE, TN – PEARLMARK CLOSES ON INDUSTRIAL PARK
Pearlmark closed on the acquisition of Alligood Industrial Park, a 410K-square-foot industrial park on a 36.4 acre site. Read More
GEORGIA & FLORIDA – TWO-PROPERTY PORTFOLIO ACQUIRED FOR $32M
Equus Capital Partners, Ltd acquired a two-property industrial portfolio in Suwanee, GA and Lakeland, FL for $32 million. Read More
LAS VEGAS, NV – EASTGROUP INKS DEAL OF BUSINESS PARK FOR $53M
EastGroup acquired Blue Diamond Business Park, with two buildings of 255K square feet, for $53 million. Read More
SAN BERNADINO, TX – EQT EXETER PURCHASES INDUSTRIAL ASSET FOR $49.5M
EQT Exeter, the US real estate arm of Stockholm-based investment firm EQT, acquired a 179K-square-foot warehouse in San Bernadino, TX for $49.5 million. Read More
PHOENIX, AZ – PROLOGIS SPLASHES $184M FOR AZ LOGISTICS CAMPUS
Prologis expands its footprint in Phoenix with the acquisition of a logistics center int he area for $184 million. The industrial park is 2.7 million square feet. Read More
CHARLOTTE, NC – ROCKEFELLER GROUP SOLD 1M-SF INDUSTRIAL PARK FOR $106M
Rockefeller Group sold Stateline 77, a two-building industrial park in metro Charlotte, NC for $106 million. Read More
ATLANTA, BOSTON & MORE – INVESTCORP ACQUIRES 31-PROPERTY INDUSTRIAL RE PORTFOLIO
Investcorp expanded its US industrial real estate portfolio with the acquisition of 31 new properties that are mostly located in Atlanta, Boston, Central NJ, and San Antonio. Read More
QUOTE OF THE WEEK
“Seventy-five years ago, your founders declared that this nation would be one ‘based on freedom, justice, and peace.’ The United States stands with you in defense of that freedom, in pursuit of that justice, and in support of that peace today, tomorrow, and always. We promise you.”
– President Joe Biden