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.
"There is absolutely a need for centrally located fulfillment centers and distribution facilities, and we believe that some vacant warehouses can provide a good opportunity for that type of repositioning."
Urban Logistics Realty executed its first lease at Urban District 30 with 1000Bulbs.com in a 203,040-square-foot lease, one of the larger leases in the Mesquite/Garland submarkets year to date.
The facility on 20.23 acres located at 25500 Clawiter Rd. was recently acquired by Dermody Properties, which will demolish and redevelop/rebrand the new facility as LogistiCenterSM at Highway 92.
At the recent CREW Network Convention: A Virtual Experience, the head of global investment research talks about spatial implications, uncertainty, testing market pricing and who comes out as winners.