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.
Bendetti took note of the appeal of creative office space and the demand for that type of work environment and saw an opportunity to use some of those elements in its industrial properties.
“This acquisition is in line with our strategy of identifying underutilized, high quality food processing facilities that can be retrofitted for modern users,” says Leslie Amoils, president of Infinity Asset Solutions.
Private capital's demand for industrial, coupled with the already strong appetite from buyers, has been a contributing factor in the cap rate compression during the last few years, says Moore in this <b>EXCLUSIVE</b>.
The deal for the portfolio secures the Boston-based firm gross proceeds of approximately $113.5 million. The properties are 100% leased to seven tenants. The portfolio was acquired by Exeter Property Group of Conshohocken, PA.
“Our focus within these zones will be the development of multi-family, industrial and self-storage assets along the I-95 corridor throughout the northeast,” says James Hanson II of The Hampshire Companies