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.
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.
ALLENTOWN, PA-Acquiring the single-story building at 7108 Daniels Dr. from Wallace Computer signals the company's growing stake in the Lehigh Valley. The price is undisclosed, however area brokers tell GlobeSt.com the market rate is about $40 per sf.
SECAUCUS, NJ-Many years in the works, the 312,000-sf complex will link most of New Jersey's commuter and interstate rail lines, and may spark a new round of development.
SCOTTSDALE, AZ-The proposal targets Coronado Golf Course as the next spring training facility for the Giants and Scottsdale Charros. The city owns 36 of 44 acres, but is negotiating a buyout of the balance for $1 million.
GRAND PRAIRIE, TX-First Industrial is the buyer and National Life Insurance Co. is the seller of the 51%-leased building at 1905 110th St. in the Great Southwest Industrial District. The closing marks the buyer's third this year in the submarket.
BOSTON-The Boston Wharf Co. sells its vast real estate portfolio in the waterfront's Fort Point Channel to New York-based Tishman Speyer Properties. The deal involves 44 industrial buildings which were sold for a reported $500 million.
PORTLAND-Intended uses of the incentive funds include a wide variety of expenditures, ranging from infrastructure needs (such as sewer or water extensions), to permit fees, tenant improvements and site acquisition.
BEDFORD PARK, IL-The building located on 8.2 acres at 5001 W. 66th St. will be redeveloped for use by multiple tenants after being sold by the London-based food packager for $2.35 million.