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 acquisition of ABC is accretive to earnings and part of a plan to consolidate the building products distribution sector on a national scale, says Timothy Meyer, a co-founder and managing partner of Angeles Equity Partners.
Rising e-commerce activity has created new demand for just-in-time facilities near urban core markets, the Port of Oakland and Oakland airport, along with Central Valley fulfillment centers, says Transwestern.
Tenant demand is at an all-time high, as are rental rates and occupancy costs but Interstate 80 Logistics Center will offer tenants an institutional-quality alternative for logistics, distribution and e-commerce operations.
Advocacy efforts by the honorees helped establish NAIOP as the most effective and respected real estate organization in the state, says NAIOP NJ president Dave Gibbons of Elberon Development Group,