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.
HUDSON, MA-A little over a year after Intel announced that it would be investing $1 billion to develop a chip-making plant here, the company announces that it is halting construction on part of the project.
SPARTANBURG, SC-The locally based engineering and construction firm has a contract to build a power plant in Brevard County, FL for Constellation Power Source at an undisclosed cost, according to a published report. Commercial operation of the plant is expected to begin in June 2002.
ST. PAUL, MN-The $10-million tunnel will connect a convention complex to the rest of Downtown. An agreement reached by the state and county this week clears up a title issue.
CHICAGO-The international real estate services firm says the market's diversity in employers make it better prepared than others to get through the current economic slump. Some "new frontiers" may even see more growth, it says.
WALTHAM, MA-Public Storage Inc. purchases the Fotobeam/IKON site here. A series of developers who were never able to get approval because of the property's constraints have eyed the site.
HOUSTON-A First Industrial property has eased the immediacy for an ecological paper container company that needed space and move-in capability ASAP. The contract's signed and the 10,869 sf is now ready for Ecotainer.
TURLOCK, CA-Dave Davis, chief financial officer for the publicly traded document management company, describes the sale of the 100,000-sf facility and an adjacent, vacant parcel as simply "the conversion of an underutilized asset to cash.
ORLANDO-The Osceola County-based real estate firm is relocating to the SouthPark section of Orlando Central Park where it has purchased a 1.08-acre pad for $260,000 or about $240,740 per acre ($5.40 per sf).
KINGS MOUNTAIN, NC-It took a year to find a tenant to fill the South Carolina developer's first 100,000-sf structure but company officials are confident the new space in Kings Mountain Commerce Park will be leased quickly because of current demand. The site is 20 miles west of Downtown Charlotte.