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.
The entity— GLP Continental Europe Development Partners I— is expected to reach a value of $2.3 billion of assets under management when fully invested.
The new 200,000-square-foot processing facility is expected to save 60,000 tons of carbon annually by using post-consumer materials and produce 80 million pounds per year of food-grade rPET pellets.
The fulfillment provider is relocating operations from 235 Barnum Road in Devens where it occupies 184,077 square feet. The lease deal was announced by brokerage firm Newmark Knight Frank.
Hilton's first tri-branded property is the most recent completion in what is quickly one of the hottest submarkets whose evolution is supporting both new development and giving new life to some historic structures.