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.
HOUSTON-The 214,831-sf door manufacturing facility at 5401 Lawndale St., just four miles southeast of the CBD, sells to Caspian Homes. The listing was on the market for 1.5 years, baiting several offers--all from residential developers.
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.