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.
VANCOUVER, WA-Currently located in half as much space in Clackamas, the custom injection molder inks a 10-year deal at the Port of Vancouver. The company expects to expand to 36,000-sf building within four years.
TUSTIN, CA-Hanover Financial Co. of Los Angeles and Laguna Niguel-based BR Birtcher Franklin LP acquire the 11-building, 157,000-sf Tustin Business Center from a private investment group.
ROUND ROCK, TX-Ace Southwest, a moving-and-storage company, is the largest space taker with 11,520 sf in the trio of industrial leases signed for two buildings in the 132-acre Chandler Creek Business Park.
HOUSTON-Emser Tile of Los Angeles makes a second expansion move in two years, signing for a 112,000-sf warehouse owned by Chicago-based First Industrial Realty Trust. The commercial tile supplier more than doubles its warehouse space with the new deal.
PHILADELPHIA-Although net absorption of industrial space remains negative, overall industrial vacancy in the four suburban counties is 10.5%, and direct vacancy is 9.6%, a range that has held for the past seven quarters.
DETROIT-The Michigan Economic Development Corp. agrees to arrange tax-increment financing for brownfields in three Michigan cities, where more than $350 million in private investment is expected to follow.
PORTLAND-A division of freight hauler Schneider National takes one-third of the smaller building at the first phase of Rivergate Corporate Center, a 488,000-sf speculative project by Multi-Employer Property Trust. A 400,000-sf user may soon help launch the 607,000-sf second phase of the development.
LONDON-Denver-based ProLogis, the world's largest industrial REIT, will develop two build-to-suit distribution facilities for Ahold Polska for a total of 614,618 sf in Piotrksw and Bedzin, two key Polish distribution markets.
ATLANTIC CITY, NJ-The Post Office is looking to replace its existing 65-year-old local facility with a new 28,000-sf complex that would include 6,000 sf for its retail unit.