Industrial

PTC Therapeutics will occupy Buildings 9, 10, 12, 13 and a portion of Building 18 at the Princeton West campus.

The assets will serve as the foundation for building a large diversified industrial net lease portfolio.

CBRE forecasts the national flexible office space will expand to approximately 13% of office space by 2030, reaching up to 600 million square feet. Even in a low-growth scenario, CBRE sees flexible office space claiming up to 6.5% of the market by 2030.

The $30-million redevelopment project is also home wholesale roofing distributor ABC Supply Co., Inc., which signed a 30,000-square-foot lease at the property in December 2019.

An industrial facility in Vista, California, has traded hands for a record $217 per square foot.

Terreno Realty sells the property for $4 million more than what it paid four years ago.

The company will purchase two adjoining sites next to its current manufacturing facility in the Scott Technology Park to construct a new 200,000-square-foot facility, state officials said.

Leading the way were the cities of Orlando and Miami, which ranked number one and two respectively in terms of private-sector job growth in the first eight months of this year.