FEATURED TRANSACTIONS

Newport News, VA – Box Equities Grows Port of Virginia Portfolio with 125K SF Property

Box recently acquired another property in Newport News as part of its growing portfolio in the Port of Virginia. This 26-foot clear property was originally purpose-built for Canon, one of the largest employers in the region. As part of the acquisition, Box negotiated a sale leaseback with the current tenant, Mercana Furniture.

Raleigh, NC – Box Expands to Raleigh with 70K SF Data Center Manufacturer

Box acquired its first property in Raleigh, NC located one block away from Novo Nordisk’s 1.4 million square foot GLP-1 manufacturing plant. During diligence, Box was able to negotiate a lease extension with publicly-traded investment grade tenant, Hubbell Incorporated. Nearly 100 Hubbell employees work onsite manufacturing prefabricated data center equipment.

INDUSTRY NEWS

New Jersey’s Industrial Deliveries Slow, Vacancy Climbs

Read about the metro’s latest fundamentals. Based on Yardi Matrix data. Read More

Stellantis to Reopen Illinois Plant for Jeep Production

Global automaker Stellantis announced plans to invest $13 billion over the next four years to grow its business in the United States market and to increase its domestic manufacturing footprint. Read More

Small-Scale Industrial’s Broad Appeal

It’s a subset of industrial, but it offers its own attractive dynamics. Read More

TRANSACTIONS

Phoenix, AZ – Dollar Tree Pays $147M for Phoenix-Area Industrial Asset

The building is part of Lincoln Property’s 210-acre logistics campus. Read More

New Jersey – EQT Acquires New Jersey Industrial Portfolio

The 11-property collection is fully leased. Read More

New York, NY – Terreno Sells South Brunswick Industrial at 640% of 2010 Purchase Price

Terreno Realty Corporation, an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets. Read More

QUOTE OF THE WEEK

“The key word for the 2025 holiday season is ‘value.’ Retailers and their logistics partners are optimizing their networks to deliver that value through faster, more economical shipping, and simpler returns. This mandate is continuously driving the demand for next-generation, high-utility industrial spaces.”

— Frank Loewen, Senior Vice President of Logistics Operations, Kenco