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.
Two facilities totaling more than 500,000 square feet recently sold for nearly $64 million after Provender Partners made extensive improvements and secured 10-year leases from Dollar General in both locations.
During the past few months, there has been a flight to quality and stability in the net lease marketplace for well-constructed long-term net lease industrial properties in solid Texas metros on the part of investors.
Foster Ridge Distribution Center, a 327,000-square-foot class-A distribution facility, recently sold to Conshohocken, PA-based Exeter Property Group from San Antonio-based seller Koontz Corporation.
"A standoff with tenants could result in tenant default and eviction, or it could lead to more constructive negotiations between tenant, owner and lender," according to NAOIP.