Global Net Lease Grabs Five MW Industrial Facilities for $83M

Global Net Lease (GNL), Inc. closed on the acquisition of five industrial assets totaling roughly 1.4 million square feet for $83 million. The five buildings are leased to a leading steel service supplier with products and services provided to clients throughout the Midwestern U.S. and Canada, and have a weighted-average remaining lease term of 10 years. This

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CT Realty Snags 95 Acres for 1M-SF Indianapolis Logistics Development

CT Realty acquired a 95-acre parcel in greater Indianapolis for the development of a more than one-million-square-foot industrial building. The Newport Beach, CA-based company acquired the land from GDI Companies, master planner of the surrounding Crossroads Logistics Center where the project will be built. Development is underway on the $50-million building. CT’s Rob Huthnance says,

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Transwestern Tapped for 6.5M-SF CA, NV Assignment

Washington Capital Management, on behalf of an unnamed client, selected Transwestern to provide property management and project/construction management services for nearly 6.5 million square feet of office and industrial assignments in Southern California and Las Vegas. With these 26 buildings, Transwestern adds more than 350,000 square feet to its Los Angeles office management portfolio, more

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190 Acres Sells, 3M-SF NorthPoint 90 Logistics Center Planned

In one of the largest land sales in the Houston area this year, NorthPoint Development acquired 190 acres at U.S. 90 and Uvalde Road. The Riverside, MO buyer acquired the northeast Houston acreage from seller Sowell Equities-Forestwood LP, and is planning NorthPoint 90 Logistics Center, a speculative master-planned business park, totaling 2.5 million square feet.

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Winsupply Adds Regional Distribution Center in Jacksonville

Winsupply Inc. plans to open a new regional distribution center in Jacksonville this year. The national distributor of construction and industrial supplies and equipment leased 272,480 square feet at Westside Industrial Park, an under-construction facility being developed by Pattillo Industrial Real Estate. The distribution center sits on 22.3 acres at 6282 Imeson Rd. and will be Winsupply’s

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Brennan, Arch Street buy 1.3M-SF True Value IL Distribution Facility

A joint venture of Chicago-based Brennan Investment Group, LLC and a client of Arch Street Capital Advisors, LLC acquired a 1.3-million-square-foot distribution facility in Harvard, IL. The property at 308 South Division St. is 100% leased to True Value Company. The hardware wholesaler has occupied the property since 1998. Brennan Investment Group’s Robert Vanecko says,

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LPC Snags Industrial Portfolio from Colony for $105M

Lincoln Property Company acquired an industrial portfolio in SoCal from Colony Capital, Inc. for $104.6 million. The highly-desirable Inland Empire West portfolio consists of four sites totaling 745,580 square feet. The assets are located at 11600 Millennium Ct., 8250 Milliken Ave. (pictured), and 9160 Buffalo Ave. in Rancho Cucamonga, as well as 4850 E. Airport

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Brennan, Arch Street Form 8th Industrial JV

Brennan Investment Group and an institutional client of Arch Street Capital Advisors have formed their eighth joint venture to acquire, own and manage industrial properties nationwide. Chicago-based Brennan and Greenwich, CT-based Arch Street have gotten the JV underway by acquiring two regional distribution properties totaling 1,152,000 square feet in the Jacksonville, FL and Chicago metros. Both properties are 100%

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Texas on Top 5 Cold Storage Market List

Texas has the fourth-highest inventory of cold-storage real estate in the United States, according to a recent report released by CBRE. The report: “2019 U.S. Food on Demand Series: Cold Storage Logistics Unpacked,” noted that the Lone Star State contains 231.4 million cubic feet of space, with experts believing that demand for the space will

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