What happened, and who moved.
Prisma Properties has signed a letter of intent with a major retail operator regarding the company’s largest development right in its portfolio, located in Kungens kurva in southern Stockholm. The letter of intent includes a long lease agreement under which the tenant intends to lease all commercial space, except…
Emilshus has, through six separate transactions, acquired ten properties within the category light industry in several locations, of which six properties are located in Skåne, with a total lettable area of 36,200 sqm. The annual rental value amounts to MSEK 35 and the average remaining lease term is 5.3 years.
After a decade of investing in the industrial and logistics sector, Swedish property company Platzer is preparing its next major expansion. Under its new Arendal 5.0 development programme, the company plans to invest around SEK 2 billion in creating 200,000 sq m of new industrial and logistics space adjacent to the…
As well as the Industrial Solutions Hub being advanced by Cumberland Council, yesterday's planning committee approved updated outline plans for up to 480 homes at Newhouse Farm, Carlisle. The post Sign-off secured for 30,000 sq ft Cleator Moor R&D facility appeared first on Place North West .
Also on the receiving end of a green light from Flintshire County Council: Castle Green’s second try at an affordable housing development at Quarry Farm and a padel complex in Buckley. The post Enabling works approved for £180m Knauf Insulation factory appeared first on Place North West .
Located between the Phoenix and Tucson metros, Pinal County is the third-most populous in the state with its boundaries stretching nearly 5,400 square miles. As its neighbors to the north and south have seen economic expansion, so too has Pinal County, providing a place for businesses to locate where land and…
The membership of the Arizona Builders Alliance (ABA’s) membership has delivered some of the most impactful projects across the state. Here are 25 noteworthy developments made possible by ABA member companies. DEEPER DIVE: How Silicon Desert is powering Phoenix industrial surge READ MORE: Phoenix industrial market…
JLL Capital Markets announced today that Partners Group, one of the largest firms in the global private markets industry, and ViaWest Group have secured $122 million in bridge financing for The Base, a newly constructed, seven-building industrial campus totaling 1,182,865 square feet in Glendale, Arizona, through…
On behalf of Alidade Capital and Pine Creek Real Estate Partners, Phoenix-based general contractor Stevens-Leinweber Construction (SLC) today broke ground on TenSixty Interchange, an office-to-industrial redevelopment that will bring new mid-size, infill industrial product to the Interstate 10/Baseline Road…
Beedie has officially started construction on South Campbell Heights Business Park, a 60-acre industrial development at 19084 20th Avenue in Surrey, BC. And it's a significant one — once complete, the park will deliver more than 1 million sq. ft of industrial space, positioning itself as the gateway to South…
What were recently big, empty warehouses have once again become hot commodities, creating a development push to meet the demand. A wave of large-block requirements, rising logistics demand and fresh federal incentives for domestic manufacturing are collectively...
Taiwan Semiconductor Manufacturing Co. is investing an additional $100B in manufacturing in the U.S., bringing its total investment commitment to $265B. The additional investment will mean four more advanced semiconductor manufacturing facilities, bringing...
AI server maker’s bet on Prologis-built space highlights how power capacity, not just square footage, is now driving Silicon Valley’s manufacturing real estate boom Quanta Computer Inc. is locking down more ground in the city that has become Silicon Valley’s factory floor for the AI boom, agreeing to lease a nearly…
Majestic Realty Co. and the Salt River Pima-Maricopa Indian Community (SRPMIC) have agreed to a 99-year ground lease that will serve as the foundation for a new, light industrial project serving the Community and the greater Phoenix metro area. With an anticipated groundbreaking in 2027, the development is expected…
FORT WORTH, TEXAS — Local brokerage firm LanCarte Commercial has negotiated a 24,000-square-foot industrial lease in West Fort Worth. The tenant was not disclosed. The space is located across two newly constructed buildings within Wilks Development’s 200-acre Markum Business Park. Sarah LanCarte and Finn Wilson of…
WRENTHAM, MASS. — Fairbanks Morse Defense, a provider of maritime engineering and manufacturing solutions, has signed a 71,350-square-foot industrial lease in Wrentham, located along the Massachusetts-Rhode Island border. The space is located within the 176,800-square-foot building at 315 Green St., which features…
JUSTIN, TEXAS — An undisclosed packaging company has signed a 1 million-square-foot industrial lease in Justin, located north of Fort Worth. The space spans a full building within 114 Logistics Park and features 40-foot clear heights and “significant” car and trailer parking allotments. Nathan Lawrence and Krista…
CARROLLTON, TEXAS — A partnership between Birtcher Anderson & Davis Associates and Belay Investment Group has sold a 49,650-square-foot industrial complex in the northern Dallas metro of Carrollton. The two-building property at 1415-1425 Whitlock Lane was fully leased at the time of sale. Stream Realty Partners…
MEDLEY, FLA. — NAI Miami | Fort Lauderdale has brokered the $6.6 million sale of a 2.6-acre industrial site located at 7501 N.W. 72nd Ave. in Medley, about 14 miles northwest of Miami. Locally based Tekton Construction Corp. purchased the site from the seller, an entity doing business as 7501 Medley Civil LLC.…
Green Street has introduced a new commercial property price index covering the Canadian market, providing a benchmark for tracking property valuations and market trends.
Panattoni Development Company has finished construction on Amazon’s newest last-mile delivery station in Redding, California, delivering a 95,000-square-foot facility that caps nearly two decades of the city’s effort to turn a shovel-ready industrial park into a magnet for major employers. The facility, at 5855…
LANSING, ILL. — Lee & Associates of Illinois has brokered the sale of a 455,858-square-foot warehouse located at 16801 Exchange Ave. in Lansing, a south suburb of Chicago. Walter Murphy of Lee & Associates represented the buyer, RBT Industries (The Great Escape), a retailer of home leisure products. RBT will occupy…
HAMPSHIRE, ILL. — Principle Construction Corp. has completed a warehouse renovation for POLI FILM America Inc. at One Elgiloy Drive in Hampshire, a far northwest suburb of Chicago. The project provides the protective plastic film manufacturer with a streamlined, rectangular floor plan designed to optimize…
Companies seeking massive warehouse space have come back to Atlanta’s industrial market after smaller tenants last year dominated the sector.
After a year of caution, America’s industrial occupiers are once again taking leaps by signing megadeals. The tenants are backfilling the surplus of big-box warehouses that were built to meet projected post-pandemic demand before tariffs and a war...
An affiliate of Equus Capital Partners, Ltd. has acquired the 300,075-square-foot Centech Park North in Shrewsbury MA for an undisclosed sum. The acquisition was completed through a programmatic joint venture. Developed by NorthBridge Partners and completed in 2023, Centech Park North is comprised of two Class A…
Lee & Associates of Illinois has closed a $5.18 million sale transaction for a 39,879 square-foot building located at 1951 Lively Boulevard in Elk Grove Village, Illinois. Dustin Albers, senior vice president at Lee & Associates’ Illinois office, represented the buyer, Sonica International, Inc., a global logistics…
BKM Capital Partners has acquired a five-building Metro Seattle industrial portfolio. The assets, located in the market’s premier South King County industrial corridor, were acquired on behalf of BKM Industrial Value Fund III. Totaling 401,000 square feet across approximately 19 acres of infill industrial space,…
Mapletree Investments has broken ground on a 419,520-square-foot best-in-class industrial facility in Chicago’s Joliet submarket. The property sits on a 29.36-acre site at 1851 Brandon Road with delivery scheduled for 2027. “This groundbreaking brings another high-quality logistics asset to one of the most…
Cushman & Wakefield arranged the sale of a three-building industrial portfolio totaling approximately 667,024 square feet (sf) at Interchange Logistics Center in San Bernardino. Jeff Chiate, Rick Ellison, Matt Leupold and Aubrie Monahan represented both the seller, Cabot Properties, and the buyer, EQT. Terms…
SAN ANTONIO — Andover Properties has acquired Rail Drive Commerce Center, a 134,500-square-foot industrial flex building in northeast San Antonio. Completed in April and acquired by Andover in May, Rail Drive Commerce Center offers small-bay and flex spaces that are configured as move-in ready suites and feature…
MCDONOUGH, GA. — Highline Warren, a distributor of cleaners and other fluids for the automotive and industrial sectors, has announced plans to invest $170 million in a new logistics hub in metro Atlanta. The Memphis-based company will build-out and occupy the former Zinus building, a 1.1 million-square-foot…
Extant Aerospace broke ground on a new 376,000-square-foot industrial manufacturing facility in Melbourne. Michael Moss II of Lightle Beckner Robison represented Extant Aerospace securing the building. The Orlando Business Journal reports the new facility is part of the Harbour Logistics Center development, an…
Richland Capital Holdings broke ground on Lakeview Corporate Park, a new 310,000-square-foot logistics space, at 6700 Lakeview Center Drive. The Tampa Bay Business Journal reports the project will redevelop a three-story office building into two rear-load distribution buildings designed to serve a wide range of…
Congressional Republicans are pursuing a third budget reconciliation bill before the midterm elections to fund defense priorities and potentially advance election-security measures, using reconciliation to bypass the Senate filibuster.
The space-based solar power startup founded by Robinhood co-founder Baiju Bhatt leased 14,825 square feet at 1710 Industrial Road in San Carlos, then renamed itself Cowboy Space Corporation and raised $275 million at a roughly $2 billion valuation, a sequence that placed a satellite company on the San Francisco Bay…
WILMINGTON, MASS. — JLL has brokered the sale of a 237,880-square-foot logistics facility located at 800 Salem St. in Wilmington, a northern suburb of Boston. Completed in 2025, the building features a clear height of 32 feet, 47 dock-high loading positions, two drive-in doors, 130-foot truck court depths, parking…
SANDY, UTAH — ARKA Properties Group has purchased a 98,820-square-foot industrial property located on Parkland Drive in the Salt Lake City metro area from a Southern California-based private developer. Lucas Burbank, Jeff Heaton, Kyle Roberts and Kelsie Akiyama of the DRAY Logistics Group at Newmark Mountain West…
TUKWILA AND KENT, WASH. — BKM Capital Partners has purchased a five-building, 401,000-square-foot industrial portfolio located in metro Seattle. Terms of the transaction were not disclosed. Spanning 19 acres of infill industrial space, the portfolio includes Southcenter West Business Park, a three-building,…
LBA Logistics recently purchased two industrial properties in the Union Cross Industrial Park near Winston-Salem for $38.16 million. The seller was Westcore. The Triad Business Journal reports Westcore purchased the two Millennium Drive properties from developer Front Street Capital for a combined $36.9 million in…
The Department of Homeland Security has reversed course on its plan to sell a New Jersey warehouse and will go back to its original intention of converting it into a detention facility. A federal judge was notified July 10 of the agency’s decision...
Northern Builders, in partnership with Affinius Capital, announced a long-term lease agreement for a 1,200,000-square-foot industrial facility at Cherry Hill Business Park in Joliet, Illinois. The undisclosed tenant was represented in the transaction by Adam Mitchell and Matt Carolan of JLL, and Northern Builders…
TA Realty acquired Featherstone Industrial Park, a fully leased 734,606-square-foot, 13-building industrial warehouse portfolio in Northern Virginia, for $132 million from a joint venture of Rosenthal Properties and Stockbridge. The purchase price represents approximately 27 percent more than the sellers paid for the property in 2021, and the asset is fully occupied by 45 tenants across various industries.
Alterra IOS announced the closing of a $400 million refinancing led by Truist Financial Corp. and KeyBank, supporting the continued expansion of its growing industrial outdoor storage platform. Secured by a portfolio of 99 IOS properties spanning 27 states, the financing was executed utilizing an equity pledge…
WareSpace, an operator of micro-bay warehouse space, has acquired 1400 Centre Circle in Downers Grove, Illinois, a 71,689-square-foot industrial property. The site becomes WareSpace’s third location in the Chicago area and second in Downers Grove. Built in 1979 and currently vacant, the property will be…
MIDDLEBOROUGH, MASS. — REXA Inc., a provider of engineered process control solutions, is nearing completion of a 110,000-square-foot manufacturing facility in Middleborough, located south of Boston. REXA purchased a parcel within The Campus at Canopy Drive, an approximately 700,000-square-foot development owned by…
MCKINNEY, TEXAS — LITEON Technology Corp., a provider of power management and AI (artificial intelligence) infrastructure solutions, will invest $919 million for a new manufacturing campus in McKinney, located north of Dallas, that is expected to add about 600 new jobs to the local supply. LITEON has purchased more…
WOODBRIDGE, VA. — Newmark has negotiated the $132 million sale of Featherstone Industrial Park, a 13-building, 734,606-square-foot industrial property in Woodbridge, a city in Northern Virginia that sits about 23 miles from Washington, D.C. The park is located about three miles from I-95 and was fully leased to 45…
REDDING, CALIF. — Panattoni Development Co. has completed a 95,000-square-foot Amazon delivery station within Stillwater Business Park in the Northern California town of Redding. The logistics space is located at 5855 Venture Parkway. Panattoni worked in coordination with Shasta Economic Development Corp. and the…
MINNEAPOLIS — Transwestern has acquired Forte Real Estate Partners, a commercial real estate firm based in the Twin Cities. The transaction adds 12 healthcare, office and industrial tenant advisory team members and a broad property management portfolio. Established in 2021 through the merger of Excelsior Advisory…
JOLIET, ILL. — Mapletree Investments has broken ground on a 419,520-square-foot speculative industrial facility in Joliet. Completion of the 29-acre project is slated for the first quarter of 2027. Situated along the I-80 and I-55 interchange, the development will provide direct connectivity to the Joliet…
Amazon leased 1,219,826 square feet at 1305 Highway 42 South, 20 miles southeast of Atlanta. PNK Group USA developed the site that was delivered in March. The Atlanta Business Chronicle reports the lease is likely the town’s largest so far this year. In addition to Amazon, PNK Group has attracted other tenants to…
Marcus & Millichap closed the sale of an industrial condominium at 30 Log Bridge Rd. in Middleton, MA. The asset sold for $2,525,000. “The quality of this industrial condo drove interest from owner-users and investors,” said Mattias Edenkrans, associate director investments in Marcus & Millichap’s Boston office.…
Gantry has secured a $16.5 million permanent loan to support the purchase of Meadowlark Industrial Center, located at 404 N. Holladay Street in Cornelius, Oregon, a key industrial submarket in Portland’s fast-growing Silicon Forest technology corridor. Recently completed in 2024, the modern property is 100%…
Air taxi manufacturer Archer Aviation Inc. has agreed to lease a 501,000-square-foot industrial complex in Morgan Hill ahead of launching its first passenger flights later this year, reported the Silicon Valley Business Journal. The San Jose-based company will lease all five buildings at Trammell Crow Company’s…
Michael Tait, a winner of the Developing Leaders Award and an active member of CREDA Maryland, has built his commercial real estate career around relationships – and now he’s using those relationships to help open doors for the next generation of industry leaders.
Air taxi maker Archer Aviation has committed to all five buildings at Trammell Crow Company’s 30-acre Cochrane Technology Center in Morgan Hill, a full-campus deal that hands the fast-growing eVTOL manufacturer more than a half-million square feet as it pivots from testing to commercial production. Archer Aviation…
California shipped $16.735 billion in merchandise abroad in May while the rest of the country surged ahead, dropping the state’s share of national export trade to 8 percent and raising fresh questions about demand for the warehouse and port infrastructure built to serve it. The Golden State’s exporters posted a…
ORLANDO, FLA. — JLL Capital Markets has arranged the $56.1 million sale of Cypress Park, a 256,838-square-foot industrial property located along Satellite Boulevard in Orlando. Luis Castillo, Cody Brais, Taylor Osborne, David Orta Jr. and Mia Gian of JLL represented the seller, Herbert Management Corp., in the…
LOS ANGELES — All Access Rentals has purchased a 34,664-square-foot industrial property located at 11640 Hart St. in the North Hollywood neighborhood of Los Angeles. The sales price was $7.8 million. Chris Nelson, Jacob Castro and Ben Turner of Matthews brokered the deal. The name of the seller was not released.…