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Premier Industrial commercial real estate news, analysis, trends and information including warehouse, distribution, logistics, e-commerce, self storage and R&D space deals and players.
The retail giant is looking for help to keep ahead of its competitors.
The lease marks the firm's second US location and an expansion supported by Utah Governor's Office of Economic Opportunity and an EDTIF tax credit.
But values are still at a near record high.
Pioneering concepts like genomics are driving tremendous demand for space in life science.
The funds will be used to develop a 150,000-square-foot class-A, R&D and life science lab building in San Carlos, CA.
Cap rates will likely hold due to large mark-to-market increases from quarter to quarter, CEO Hamid Moghadam said.
These investors will be increasingly focused on multifamily, life science, and industrial assets.
Firms based in tight West Coast industrial markets are buying up properties in the state next door.
Investors can't be passive" and should instead trade assets periodically
The acquisition marks the firm's entry into the San Diego market, which is one of the top life science hubs in the country.