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By most measures industrial has a bright future.
The US industrial market posted its strongest quarter ever with 89.8 million square feet of net absorption.
Overbuilding is one concern in the not-so-distant future.
Most retailers are moving faster to build their networks.
I'm especially proud that our entire team transitioned back to working at the office five months ago.
Leasing activity slowed at the end of the year, but it wasn't enough to offset the strong leasing activity through the pandemic.
A joint venture between M2G Ventures and Pennybacker Capital has acquired the portfolio and the retailer's headquarters office.
The nearly 850,000-sqaure-foot portfolio is located in Huntsville, Alabama and Madison, North Carolina.
The firm closed the year with the acquisition of a 4 million-square-foot industrial portfolio located in nine major markets.
Industrial users are opting to move up into new quality industrial space, creating a dynamic of rising vacancy and rising rents.
KIMC is actively pursuing industrial deals, but with the same caution as any other asset class.
Orbis Real Estate Partners sells two trophy industrial development sites in the Inland Empire for $140 million.
