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.
Stream's immediate strategy for the 300-acre Empire West is three-fold: build a speculative phase totaling 1 million square feet under three roofs, chase build-to-suit deals and sell land to corporate end users.
City officials say the legislation is the first for any US city to formally prioritize diverse applicants who are looking to participate in the marijuana industry.
DSC Logistics has already taken occupancy of 250,000 square feet at the building to start processing inbound deliveries and, within the next six months will expand to occupy half of the newly built distribution center once additional interior and site improvements are completed.
Stream will continue to follow its industrial investment recipe in an expanded territory, i.e., taking what has been successful in DFW and expanding/duplicating those efforts into Greater Los Angeles.
Upon their acquisition of the Ballantine Industrial Center, Turnbridge and their investment partners immediately began a capital improvement program of more than $10 million aimed at creating a modern and flexible industrial property.
The firm, which offers cutting-edge workout bikes for indoor cycling as well as other fitness related instruments, has taken occupancy of the space and is utilizing its new facility as a warehouse/distribution and fulfillment center.