Industrial

The industrial lease deals negotiated by the Colliers team, headed by Jonathan Kingsley and Stephen Rutchik, were valued at more than $36 million.

Heavy demand for space in Laredo continues, particularly with those seeking more efficient space, better clear heights, ESFR fire protection, heavy trailer parking, which are included in a new spec build.

The West Coast is leading the nation in warehouse development, and will continue, as long as there isn't a trade war.

Black Creek Group is the seller of the 37.5-million square foot portfolio, which is 96% leased.

Bridge Development plans the three-building Bridge Point 595 industrial project on 34 acres.

The industrial market has been in a tightening mode with space options dwindling even with construction in the pipeline, but buyer Scannell has experience with properties needing capital infusion.

In looking at opportunities to grow capital markets, JLL was clear that any target would need to closely align with its culture and strategic vision, and it is confident the acquisition of HFF meets these criteria.

In the last two years, industrial purchases have accounted for more than half of all foreign investment in Orange County.