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.
ORLANDO-Michael Heidrich, director of industrial and land sales/leasing at locally based Realvest Partners Inc., tells GlobeSt.com potential tenants continue to go after bulk distribution and office/ware/house/flex space in Orlando's 90 million-sf industrial market.
AUSTIN-The Calendar Club already has flipped the page to April when it will be moving into an extra 54,000 sf at the Expo Business Park. The deal's signed and the plans are in the works for the nationwide chain, which now occupies 124,000 sf.
WOODBRIDGE, NJ-The Gilbert organization, buying the facility it had been leasing, needed the space permanently to handle its increasing volume of business. Blau & Berg was the agency handling the transaction.
HIGH POINT, NC-The 24-acre manufacturing facility will be built across from another four-building plant operated by Brayton Co. on Swathmore Road. The estimated hard construction cost of the project is $17 million. High Point is 70 miles north of Downtown Charlotte.
TACOMA, WA-The 13.7-acre property in the heavy-industrial waterfront area here was the only such parcel that Simpson had not yet developed. The subsidiary of Seattle-based Simpson Investment Company owns about 150 acres here, including a timber mill.
MIAMI-The locally based developer of Internet infrastructure and provider of managed services signs a binding contract with the company's senior management to divest an operating unit for an undisclosed price.
SAN JOSE-The City Council decides tonight whether a citywide vote on the 20,000-worker development should occur. Opponents who gathered enough signatures for such a vote want a "yes" vote. The city's attorney says the petition is technically invalid and should be ignored.
SECAUCUS, NJ-The NY-based publisher and distributor of children's books, including the highly successful Harry Potter series, will use the space as its new information services center. Grubb & Ellis brokers arranged the deal.
REDMOND, OR-The U.S. Bureau of Land Management and the Central Oregon Irrigation District have published a notice of land exchange wherein the COID gets 254 acres here and the BLM gets 30 acres at Cline Falls on the Middle Deschutes River.
BOSTON-Recent city assessments increase the value of the land that comprises the site of the proposed new ballpark in Fenway. The team has been struggling to finance its share of the project and the increase in land values further complicates their plans.