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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 Wharton Equity Partners platform has added six industrial properties, totaling 280,000 square feet, to its southern New Jersey holdings.
"The down cycle was much shorter than we've experienced in past recessions."
"As vacancy continues to compress, we expect landlords to be able to push asking rents most notably on big box buildings."
Self-storage sales tallied $7.7 billion last year, one-third higher than 2019 numbers
Domestic production idles and Trump-era tariffs preclude cheap imports from entering the US.
The 48 properties include Class A and B industrial holdings that are currently 96.4% occupied.
Some examples include best-in-class management programs, revenue-enhancing capital improvements or financial engineering.
The five properties in the 2,228-unit portfolio are in Arizona, Texas and Georgia.
The firm will create a new campus in Pasadena to expand GM's Advanced Design Center operations.
The investment firm is offering to buy 100% of the outstanding equity of Monmouth for approximately $18.70 per share.