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.
ST. PAUL-The spin-off of a Swiss medical firm will start out with a small lease in Energy Park, then take on expanded space at the new biotech incubator project, which is expected to get underway early next year.
MINNEAPOLIS-Apogee will now focus on its commercial real estate construction business, for which it is a major supplier of walls and windows. Harmon has about 400 stores around the country.
HOUSTON-General Stevedores, a steel and iron distributor located in a 40,000-sf leased building in east Houston has taken over the lease for the 24,000-sf building next door.
PHOENIX-A California dialysis products supplier spends $2.4 million for a two-building, 107,000-sf office/warehouse complex in the southwest submarket to set up a regional headquarters and production facility in a rail-served building.
LONDON-Specialist industrial asset manager Ashtenne Holdings has bought a 550,000-sq ft logistics warehouse in Amersfoort, near Utrecht, Netherlands, for pounds 8 million ($13 million) from logistics group Hays.
MIAMI-The highest overall vacancy rate in the third quarter in the county, 11.9%, was experienced in the Medley submarket, followed by the Miami Airport submarket, with an 11.4% overall vacancy rate, according to a new Miami-Dade County industrial report by Codina Realty Services Inc. Oncor International.
SANTA ANA, CA-The 67-month deal is worth more than $2.8 million, or $4.60 per sf, for space in The Rockefeller Group's 300,000-sf building located at 2001 E. Dyer Rd. in Santa Ana.
MIAMI-The three properties were the 45,600-sf Lake Worth Commerce Center in Lake Worth, a 34,395-sf light industrial property here and a 45,000-sf Home Depot in Naples. The financing was secured by Cohen Financial.