Since the COVID-19 concerns took root in the US and over the past three weeks, SRS' National Net Lease Group has had more than $200 million of new deals placed under agreement over this time frame.
E-commerce is expected to grow and with it last mile distribution centers but the future is less bright for industrial users catering to cruise lines, airlines and conventions.
PBV Logistics Center purchased the multi-building center in a 1031 exchange following its disposition last month of a 526,320-square-foot industrial property in Winston-Salem, NC.