Industrial

The company has acquired the 91-acre mixed-use development that is has rebranded Warfield at Historic Sykesville.

Developers have decided to take a pause, at least for large buildings, and wait for tenants to fill up the empty spaces.

This metro area has one of the lowest industrial vacancy rates in the nation, but developers and lenders currently seem reluctant to launch new projects.

“During the first half of the year, ongoing demand for strategic distribution locations helped drive rental rates to historically high levels,” says Colliers International's David A. Simon.

With a healthy supply of office space in the L.A. market, tenant brokers say that landlord reps should abandon the no-quote strategy on marketing materials.

All together the company has acquired 1.1-million square feet in three markets.

With limited availability for investment opportunities, industrial assets are getting multiple offers within days of hitting the market.

The portfolio Sweden-based Hemfosa will acquire includes office, warehouse and logistic assets and totals approximately 460,000 square meters or nearly 5 million square feet.