Industrial Real Estate Newsletter September 2024

INDUSTRY NEWS

Basis Industrial Closes On 14 Texas Properties, Surpasses 1M SF Of Industrial In DFW

Following two purchases at the end of August, Florida-based Basis Industrial owns more than 1M SF of industrial space in DFW.  Read More

Rockefeller Group JV Breaks Ground on 5 MSF Virginia Campus

To be delivered in two phases, the logistics development will cover more than 500 acres.  Read More

One Of The Largest Projects In Shrinking Industrial Pipeline Breaks Ground In Fort Bend County

A 1.4M SF industrial park underway in Fort Bend County is among the largest in the pipeline as the area continues its reign as a hotbed of industrial activity.  Read More

New Jersey’s Industrial Market Shows Bright Spots

The market’s under-construction pipeline saw a significant expansion, according to CommercialEdge. Read More

TRANSACTIONS

Chicago, IL – Venture One Buys 422 KSF Metro Chicago Industrial Portfolio

Venture One Real Estate has purchased a five-building, 421,638-square-foot industrial portfolio through its VK Industrial VII acquisition fund. Read More

Savannah, GA – VanTrust Sells Industrial Facility Near Savannah

Completed last year, the building is situated within a campus spanning more than 500 acres. Read More

Houston, TX – Ares Lands Full-Building Industrial Tenant in Houston

The 192,400-square-foot facility will be fully operational by the end of the year. Read More

Jacksonville, FL – Merritt Properties Buys Jacksonville Industrial Park

The deal expands the company’s portfolio in the market to 500,000 square feet. Read More

Jacksonville, FL – $105M Off-Market Deal Nets 16 for Faropoint

The assets total more than 1.7 million square feet. Read More

Dallas, TX – Holt Lunsford Lands Financing for Dallas Project

The upcoming facilities constitute the second phase of a larger industrial development. Read More

QUOTE OF THE WEEK

“A convergence of supply and demand should contribute to a stable and gradually expanding national market for industrial space over the next two years.”

 – Hany Guirguis, Ph.D., Manhattan College