Industrial

Ivy Realty plans to re-brand the portfolio and drive leasing velocity through extensive capital improvements and a new marketing campaign.

Volkswagen has struck a deal that will have Tradepoint Atlantic build a 166,000-square-foot import processing facility on 115 acres for Volkswagen Group of America.

Orgill Distribution Center, 550,000-square-foot class-A facility, will soon expand by almost 329,000 square feet by mid-2019 in response to growing e-commerce logistics demands.

Brad Lebovitz, managing director at Silverpeak, says the acquisitions introduce Silverpeak to edge markets where the firm sees limited supply.

“The property's attractive location in the Kinzie Industrial Corridor, on-premise parking and proximity to public transportation and nearby expressways were all factors in our decision to buy,” says Michael Schack, principal of Dayton Street Partners.

In advance of Lunar New Year, when cargo volumes typically stall, the Port of Long Beach saw only a slight decrease over last year's record-breaking cargo numbers.

With the passing of one partner, Rubenstein determined that since cap rates for sales are attractive, and warehouse and logistical center property is in demand, it was a good time to sell, says Mandelbaum Salsburg attorney Owen Hughes.

Dallas will play a key role in the ramp-up phase as one of the fastest-growing cities in the US, thus requiring more data centers to cater to last-mile delivery closer to customers.