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 initiative valued at least $1.4 billion in connection with the expansion of its operations in Cumberland, Dauphin, Northampton and Philadelphia counties will involve investment in building renovations, equipment, and infrastructure improvements at each of the locations.
With its lease of 343 Murray Hill Parkway, Axis Global Logistics will be able to service its growing client base in the New York City metropolitan market, according to NAI James E. Hanson.
Some $100 billion was poured into the asset class during the past decade, which has been matched by a technical shift and major influence by cloud platform providers–Amazon, Google and Microsoft.
The Richland Companies is seeing an uptick in leasing activity particularly at two properties because of recent building improvements that have all been for pre-emptive upkeep and visual enhancements.
The financing was announced by JLL Capital Markets, which worked on the deal on behalf of Summit to place eight uncrossed, fixed-rate loans with terms of 10, 12 and 15 years with a correspondent life insurance company.