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.
A year ago, Fort Capital set an aggressive goal to own and operate 2 million square feet of industrial space by third quarter 2019, and the firm has already reached the 1.134 million-square-foot mark.
The change in net lease property cap rates during the second quarter showed mixed results, with retail cap rates experiencing their greatest quarterly increase since 2011, while office and industrial rates compressed.
The Newark data infrastructure now is the envy of many locations around the country, featuring 10 gigabit-per-second speed, one of the fastest urban data networks.
The 240,66-square-foot cross-dock facility has been owned and occupied by Hellman Worldwide Logistics since its opening in 1996 and serves as the Osnabrueck, Germany-based company's North American headquarters.