Industrial
Industry news focusing on lease and sale transactions, as well as construction activity in the fast-moving industrial real estate sector, including warehousing, distribution centers, logistics hubs, manufacturing, and data centers.
TNT Services Grows Industrial Footprint in Maryland
TNT Services Group has announced the relocation and expansion of its suburban Maryland facilities. The company signed an agreement for 11,501 square feet of flex/R&D building space at St. John Properties’ Milford Town Center in Bowie, Md. It’s expected to move its operations from its current 9,800-square-foot premises in Prince George’s County this summer.
AI Boom Drives Data Center Development
Rexford Inks Industrial Space Lease at Suburban Los Angeles Property
A favorite location for companies in the warehousing and fulfillment center business, the Simi Valley industrial space submarket of Los Angeles has been reporting good fundamentals over the past year.
North Signal & Fox Capital Ink Full-Building Lease at Imeson Commerce Center
With this new industrial lease, the leading North American provider of intermodal trucking has grown its footprint to three facilities and more than 800K SF of warehouse and transload space in Jacksonville, FL.
Seaboard Stays Put at Prologis-Owned Industrial Base in South Florida
Seaboard Marine — a global, ocean-carrier shipping services provider — has renewed its lease for its industrial base in Medley, Fla., just outside of Miami. The two deals that are part of the agreement include the 208,400-square-foot 8001 NW 79th Ave. and the 88,584-square-foot 7800-7890 NW 80th St., which the company has been occupying since the 1990s.
Terreno Begins Redevelopment of Los Angeles-Area Industrial Property
San Francisco-based industrial operator Terreno Realty has kicked off the redevelopment of a Los Angeles-area industrial property located in Gardena, Calif. The redevelopment will turn the property into a three-building asset totaling 228,000 square feet of industrial space in the historically undersupplied market.
DrinkPAK Leases 3MSF of New Industrial Space in Fort Worth
The canned drink manufacturer nearly tripled its total industrial space footprint, with this sizeable expansion into the Fort Worth market. The deal also marked one of the largest leases to close in 2023.
Lovett Industrial & Rosewood Property Co. Join Forces With New Development in Addison, Texas
The Addison Innovation Center boasts a strategic North Dallas location within convenient proximity of major highways and transportation hubs.
RectorSeal Joins Tenant Roster at Tejon Ranch Commerce Center
RectorSeal — a global manufacturer and distributor of quality HVAC/R and plumbing products — is part of a growing list of companies moving its operations from the Los Angeles basin to the Tejon Ranch Commerce Center (TRCC). The company is set to take up half of the 480,000-square-foot industrial space at 5205 S. Wheeler Ridge Road in Arvin, Calif., a property owned by a partnership of Tejon Ranch Co. and Majestic Realty since 2017.
Mullen Automotive Inks Lease for Orange County Warehouse
Mullen Automotive will occupy the former site of Kraft Heinz Lunchables in Fullerton, Calif. The company signed a five-year, triple-net lease deal with Link Industrial for a 121,615-square-foot warehouse at 1500 E. Walnut Ave. Negotiations on behalf of the landlord were conducted by a CBRE team consisting of Ben Seybold and Sean Ward. The lease rate was $2.01 per square foot.
