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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.
Western Realco sells a new free-standing warehouse with two-story office here for $32.5 million after redeveloping the property on spec and razing a vacant 88,000-square-foot office building.
There were approximately 210,525 square feet of new leases and renewals executed in the three counties surveyed (Burlington, Camden and Gloucester), about half the total compared with the previous quarter.
The $3-billion deal for Pure Industrial Real Estate Trust will give Blackstone another 22 million-plus square feet of logistics space in both Canada and the US.
Last-mile industrial is bringing new life to outmoded facilities that are well located, and rent spreads between classes are expected to continue tightening as more last-mile users target these spaces, C&W's Jeff Chiate tells GlobeSt.com.
The self-storage market is growing in areas 50 minutes outside of a city where pricing is cheaper and tenants still have access to their goods through on-demand service.
Carr Properties has completed a $300 million convertible debt investment with Israeli insurer Clal while Almanac Realty has committed up to $400 million to Merritt Properties.