by Kipp Gillian | Jun 3, 2024 | Industrial
B+E, an investment brokerage firm specializing in net lease real estate, announced the sale of a FedEx Ground distribution facility in Portland’s Swan Island Industrial Park for $32.5 million. The cap rate establishes the 2024 benchmark cap rate for FedEx. B+E...
by Kipp Gillian | Jun 3, 2024 | Industrial
Amazon’s North Andover warehouse, opened earlier this year, cost over $600 million to build, significantly exceeding the initial $400 million estimate, Boston Business Journal reported. The five-story, 3.8-million-square-foot distribution center, Amazon’s...
by Kipp Gillian | Jun 3, 2024 | Industrial
CBRE has secured $44 million in refinancing for Queen Creek Commerce Center, a two-building complex at 555 East Queen Creek Road in Chandler, Ariz. A team led by Bruce Francis secured the 10-year loan with 5.47% interest rates and a 65% loan to value on behalf of...
by Kipp Gillian | Jun 3, 2024 | Industrial
DRA Advisors has purchased an eight-building, 846,261-square-foot infill industrial portfolio in Plano, Texas. New York Life provided $79 million in acquisition financing. Commercial Edge reports Link Logistics sold the Metroplex properties in a transaction arranged...
by Kipp Gillian | Jun 3, 2024 | Industrial
EQT Exeter paid $36.25 million ($125/square foot) for an office/industrial portfolio within Satellite Place at Commerce Ave in Duluth, Georgia. The portfolio, spanning 289,921 square feet, is a collection of four flex industrial /R&D/office buildings. The offering...
by Kipp Gillian | Jun 3, 2024 | Industrial
Terreno Realty Corp. delivered a $43.8 million industrial building in Hialeah. The 186,000-square-foot facility, known as Countyline Park Phase IV Building 40, already has four tenants ready to move in. The distribution center is at 3741 W. 112th Place, which provides...
