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.
Freight Carrier Leases 134,000 Square Feet at South Florida Warehouse
Specialized Freight Carrier signed a lease deal at Weston Commerce Park, a Class A warehouse owned by EastGroup Properties. The tenant – a third-party carrier for 3PL that…
Texas Triangle Dominates List of U.S. Cities with Most Vacant Land Available
Cities rise and fall based on the decisions they make regarding the best use of their resources — whether that’s the local talent pool, housing stock or business…
Logistics Plus Leases 374,000-Square-Foot Inland Empire Warehouse
Logistics Plus — a leading worldwide provider of transportation, warehousing, business intelligence and supply chain solutions — has secured a five-year deal to lease a 374,000-square-foot industrial space…
Amazon Nabs 569,000 Square Feet at Bronx Warehouse
The facility’s proximity to Cross Bronx Expressway, Hutchinson River Parkway and the Bruckner Expressway gives Amazon access to more than 9.4 million potential customers within a 15-mile radius — a boon for the e-commerce giant, which has been increasingly focused on last-mile logistics since the start of the pandemic.
Great Central Transport Leases 2 Compton Warehouse Spaces
Trucking, storage and distribution company Great Central Transport has signed two leases totaling 344,000 square feet of industrial space in Compton, Calif. The largest of the two deals included a 200,000-square-foot industrial building at 601-615 W. Walnut St., which is owned by the San Francisco-based warehousing giant Prologis. The second deal was for a roughly 144,000-square-foot property at 921 Artesia Blvd. that’s owned by JPMorgan Asset Management.
Home Depot Leases 500,000 Square Feet at Duke Realty Warehouse in LA County
Home Depot inked a lease deal that will allow it to fully occupy Duke Realty’s newly built smart industrial building in Los Angeles County. The 529,866-square-foot Irwindale, Calif., industrial space is equipped with a building automation system (BAS), smart metering system, solar panels and high-efficiency air conditioning units.
U.S. Energy Production and Consumption in 2021: On Its Way to Recovery, Commercial Usage Grows 3% Y-o-Y
2021 was marked by several attempts at resuming life and work, albeit within a changing and challenging new environment. Industrial power consumption picked up, and residential usage increased further still, but it’s important to note that remote working hasn’t made offices obsolete – as news of big companies either investing in prime real estate, renewing, or expanding their leases has continued to pour in. However, it has shifted expectations regarding the future of workspaces – not in the least in terms of optimizing energy usage.
Welcome Group Makes 1st South Carolina Industrial Acquisition
The company’s portfolio includes more than 6 million square feet across more than 130 industrial properties in key Texas and Southeast U.S. markets.
Longpoint Fetches Miami-Dade Warehouse for $59 Million
“Aventura Industrial Center is strategically located along the Golden Glades interchange, one of the largest interchanges in South Florida where four of the tri-county’s most important roads and highways converge,” said Lobón, an executive vice president at CBRE. “This central location provides equidistant connectivity to each county’s principal growth driver: Miami International Airport, Fort Lauderdale International Airport, Port of Miami and Port Everglades.”
Expert Roundup: Brokers Discuss Industrial Real Estate
Since the pandemic started affecting the U.S. economy last March, industrial real estate has proven to be the bright point in an otherwise challenging real estate market. As…
