Industrial

The International Arrivals Facility is underway at Sea-Tac, with a scheduled opening in the fall of 2020, when the new 450,000-square-foot grand hall will be five times larger than the current facility.

"Buyers are extremely attracted to acquiring quality facilities with excellent access to the highways like this building on Island Avenue, which is located just off I-95,” says Jonathan Klear, senior vice president of NAI Mertz, which brokered the sale.

Cushman & Wakefield brokered the trade of the newly constructed, fully leased property.

The firm reports two speculative buildings comprise the final phase of a larger plan to build three buildings at its CLT Logistics Center.

The Cubes at Lehigh Valley – Airport Road is our first foothold in the Lehigh Valley industrial market. We see significant opportunity along Route 22 and I-78 corridors,” says CRG senior vice president Frank Petkunas.

“This is a mission critical location for World Wide Technology, which already has a significant footprint in the St. Louis market,” says Avison Young's Erik Foster.

Matter Real Estate Group breaks ground on a light industrial facility in response to the strong demand for more quality product.

The 21st Century Redevelopment Program will launch as a pilot program with a total of $250,000 in funding available in the form of grants of up to $50,000 per recipient.