We are excited to share the following recent industrial real estate stories from across the nation. As we navigate uncertain times over various CRE sectors such as retail and office, Industrial real estate remains healthy in various areas of the country and throughout different sectors, especially datacenters, Industrial Outdoor Storage(IOS) and Industrial Service Facilities(“ISF”), to name a few, as stated by Michael Hawryluk, Managing Principal of ICG CRE.

Industrial Real Estate News – May 2024

Amazon Expands Phoenix Area Logistics Footprint with 1.2M SF Inked Lease

Amazon inked a 10-year commitment to lease a Prologis facility in the Phoenix metro region, specifically in the Loop 303 corridor. Read More

AI’s Demand Leads to Data Center Boost Across Markets Nationwide

Artificial Intelligence’s adoption across the many sectors is leading to an expansion of data center development around the country and reshaping the industrial real estate development patterns. Read More


Phoenix Industrial Real Estate Market Stays Super Hot in 2024

Phoenix’s industrial real estate market stayed red hot with over 10M SF of industrial space delivered in Q1 2024, according to a Kidder Matthews Research Group report. In 2023 there were 31.6M SF of completed industrial real estate construction, which is 16% more than in 2022. Read More


SK Hynix, Supplier of Nvidia Chips, Invests $4B to Build Indiana Chip Plant

South Korean company, SK hynix, Inc., a supplier of chips for Nvidia, is investing nearly $4 billion in a chip packaging facility in Indiana. Read More

EQT Exeter REIT Purchases Texas Industrial Real Estate Asset for $61M

EQT Exeter Real Estate Income Trust Inc. paid $60.9 million for a 440K-square-foot industrial asset in the Austin, Texas area. Read More


LG Energy Inks Financing Deal for $5.5B Battery Complex 

The LG project is set to be the largest-ever investment of its find in North America, and it will be in Queen Creek, AZ, thanks to financing from a New York City-based investment firm. Read More


Prologis Sells Denver Industrial Real Estate Project

A joint venture between Westfield and Reinsurance Group of America acuired Centerpark, a 430K-square-foot industrial real estate park in Denver. Read More


BKM Capital Inks Deal for San Diego Industrial Asset for $70M

BKM Capital Partners added to its West Coast industrial real estate portfolio with the acquisition of Canyon Industrial Center for $70.2 million. Read More


Lightstone JV Purchases Pennsylvania Industrial Facility for $79M

JLL arranged the deal between Lightstone and Cerberus Capital Management for the transaction of an 812K-square-foot distribution center in Pennsylvania for $79 million. Read More


AE Industrial Acquires 2 MSF Industrial Property for $190M

Rocket Shoals LLC, an affiliate of AE Industrial Partners LP, paid $190 million for an industrial facility in Alabama. Read More


Industrial Real Estate News – January 2024 & Q4 2023

The Industrial Real Estate Market May See an Investment Comeback in 2024

CommercialSearch.com covers the latest forecasts for industrial real estate in 2024, and they see a slight slowdown in development coupled with an uptick in investments after some positive news from capital markets to begin the year. Read More


Venture One Real Estate Purchases Chicago-Area Industrial RE Portfolio for $50M

Venture One Real Estate acquires a two-building industrial real estate portfolio in Chicagoland through its acquisition fund VK Industrial VI. The purchase was a sale-leaseback. Read More


BKM Capital Purchases Three Industrial Assets in CA & AZ for $79M

BKM Capital Partners, a CA-based institutional fund manager, amplified their industrial real estate footprint in the Western USA with the purchase of three multi-tenant industrial assets in Silicon Valley and Phoenix for $79 million. Read More


Industrial Real Estate Asset by Chicago Executive Airport Sold

Marcus & Millichap brokered the sale of a 30,000-square-foot industrial asset in Wheeling, IL for $1.9 million. It is just a few miles away from the Chicago Executive Airport. Read More


Clayco Will Develop $5B Electric Vehicle (EV) Manufacturing Plant Near Atlanta

Rivian’s new 16 million-square-foot campus will begin in 2024. The new industrial real estate manufacturing center for the EV company is going to be developed by Clayco for $5 billion. Read More


BKM Capital Inks Portland-Area Industrial RE Center for $67M

BKM Capital Partners acquired a five-building industrial real estate park in Beaverton, OR in an off-market transaction for $67 million. Read More


Basis Industrial Acquires 4 Industrial Assets & Refinances 2 for $220M

Basis Industrial acquired and refinanced a six-asset portfolio with over 1.3 million square feet of space total. The transaction was $220 million, and the properties are in Florida and Texas. Read More


Urban Edge Sells Their NJ Industrial Real Estate Portfolio for $218M

An investment fund managed by Morgan Stanley Real Estate purchased a seven-property industrial real estate portfolio in New Jersey for $217.5 million. They acquired the properties from REIT Urban Edge Properties. Read More


Rockefeller Group Sells Charlotte-Area Industrial Park for $106M

Rockefeller Group sold Stateline 77, a 1 million-square-foot industrial real estate park in South Carolina, but in the metro Charlotte, NC area to EQT Exeter. The total sale of the assets was $106 million. Read More


Industrial RE News – Q3 2023

Advanced Technology Is Soon Upon the Warehouse Assets of Industrial Real Estate

A report by GlobeSt.com looks into the implementation of autonomous mobile robots (AMRs), and how they are being introduced into warehouses for everyday tasks. Read More


ViaWest Group Seals Deal for $96M Financing of Industrial Park Project in Arizona

ViaWest Group confirmed that it obtained $96.5 million for the development of The Base, an industrial real estate park with over 2 million square feet of space to be built in Glendale, AZ. Read More


Prologis Highlights Why Current Supply Chains Require More Space for Logistics

Prologis, the REIT, calls the current situation of logistics a “supply chain productivity paradox”. Their study found that compared to a decade ago logistics requires 57% more logistics real estate. Read More


Investcorp Acquires Industrial Real Estate Portfolio for $216M

Investcorp added to its US industrial real estate property portfolio with the recent acquisition of 31 assets across the United States for $216 million. Read More


Former Data Center REIT CEO Is Making a Huge Investment on RV Storage with $800M 

Former CyrusOne CEO, Gary Wojtaszek, is reported to be coming out of retirement to invest nearly a billion dollars on recreational vehicle (RV) storage. Read More


Industrial RE Park In South Carolina Inks Financing for Phase 1 of the Project

Glenstar Properties received $38.2 million for the financing of the first phase of development of a 3.6 million-square-foot industrial real estate center in Gaffney, SC. Read More


Coca-Cola Bottler Begins $500M Expansion in California

Reyes Coca-Cola Bottling, a West Coast and Midwest bottler / distributor of Coca-Cola products, is planning to invest $500 million to demolish and redevelop a 620K-square-foot manufacturing campus in Rancho Cucamonga, CA. Read More


Port Traffic Gets Back to “Pre-Pandemic” Levels

According to a report on GlobeSt.com the traffic seen at ports is finally back to “normal” with the lowest vacancy rates for industrial real estate taking place at seaports. Read More


Atlanta Cold Storage Startup Inks $500M Investment for Expansion

An Atlanta-based logistics company that specializes in storing and shipping food / beverages is taking a half-billion-dollar investment for rapid expansion. Read More


Amazon Set to Double Number of Same-Day Delivery Facilities

Expedited shipping is the new norm, and Amazon is putting more investment into increasing the speed of shipping packages to Prime members. More than half of their orders in the last quarter for the top 60 largest US metros arrived the same day or next day at the latest. Read More


Industrial RE News – Q2 2023

Centerbridge and GIC (Singapore’s Sovereign Wealth Fund) Closed $868M Deal To Acquire INDUS Realty Trust

Investment firm, Centerbridge Partners, and GIC closed a huge deal of $868 million to acquire INDUS Realty Trust. A subsidiary of Abu Dhabi Investment Authority is also acting at a strategic investor in the deal. Read More


Portfolio of Industrial Assets in Philly-Area Acquired for $195M

Wharton Industrial and its join venture partner, Walton Street Capital, sold Twin Bridge Industrial Park in Pennsauken, NJ. The industrial park consists of 37 asset with 1.3 million square feet of space total. Read More 


Prologis Buys $3.1B of Industrial Real Estate Assets from Blackstone

Prologis acquired 14M square feet of industrial properties from Blackstone for $3.1B in an all-cash deal. Read More


Supply Chain Disruptions Return, Experts Say the 2021 Playbook Won’t Work This Time Around

BisNow covers several disruptions to the supply chain currently, and how the issues currently are not quite the same as the problems that occurred two years prior. Read More


3.7M SF Industrial Project in Kansas City Set To Begin

Final approval of a $365M industrial development project will begin in Kansas City next year. Read More


Industrial Buildings Competing for Positions To Be As Close to Highways of Major Metro Hubs As Possible

CBRE ran a study to see where industrial assets tend to be located and researched Atlanta, specifically, to draw some conclusions about trends for industrial assets and their locations. Read More 


MDH Partners Lands $90M Loan To Acquire Industrial Assets

Wells Fargo Bank provided MDH Partners with $93 million to acquire new industrial assets in Houston and Atlanta. Read More


Entegris Set to Begin Development of $600M Plant in Colorado Springs

Entegris is going to begin construction of an 100,000-square-foot plant in Colorado Springs. The facility is expected to cost $600 million and will be operational in 2025. Read More


Walmart Opens the Largest Fulfillment Center It Has To Date

Walmart just opened a 2.2 million-square-foot fulfillment center in Indiana. The property is one of four projected to be completed in the near future. Read More


Prologis Forecasts Industrial Rents To Rise 10% This Year

Prologis sees a 10% increase in industrial real estate rental rates for the year. Despite economic headwinds, they are optimistic about the industrial real estate sector staying strong. Read More


Rehrig Pacific Begins Development of Manufacturing Facility Near Phoenix

Rehrig Pacific has officially begun development of an injection molding manufacturing plant in Buckeye, AZ, which is near Phoenix. The facility is set to open in Q2 2024. Read More


Industrial RE News – Q1 2023

Industrial Real Estate Leasing in Chicagoland Is Still Hot, Especially Compared to Other Sectors

Other commercial real estate classes are starting to feel the pinch; however, Chicago’s industrial real estate market is doing well comparatively, maintaining record highs of leasing activity in the area. Read More


Industrial Real Estate Sales Nationwide Are Off During the First Two Months of the Year

According to a recent analysis by CommercialEdge National Industrial Report, the numbers in early 2023 compared to 2022 are significantly down. Last year the first two months clocked a total of $9.1B in sales, and this year’s sales volume is just shy of $4B at $3.9B total. Read More


Boom of Warehouses and Industrial Assets in Border Towns As Manufacturing Moves South 

Real estate investors nationwide are adding assets to their portfolios in cities along the border, such as Tijuana (MX), Laredo, TX and El Paso, TX. They are essentially betting on shifts in the global supply chain toward the southern border. Read More


ConnectCRE Reports on the Rise of AI Coupled with Data Centers

“AI and Data Centers: A Perfect Marriage?” is the title of a report from ConnectCRE commenting on a recent CBRE article that discusses the merger of these two concepts. Read More


Microsoft Acquires Industrial Real Estate Spec Site in Chicagoland for $42M

The 30-acre industrial site is a further expansion of the massive tech company’s footprint in Chicago and in the country. Read More


Chicago Tops Nation’s Industrial Real Estate Markets Despite Small Setbacks 

Chicago’s industrial real estate market is still #1 in the country even though the market has seen a slight drop in sales and leasing overall. Chicagoland’s ranking for industrial real estate highlights the importance of its strategic location in the country. Read More


Phoenix-Area City Seals the Deal for “Largest Ever” Lithium Battery Complex

Queen Creek, AZ just landed a massive development deal for an industrial real estate asset that will manufacture lithium-ion batteries. The project will be a $5.5 billion for LG Solutions, a leading global manufacturer of lithium-ion batteries and energy storage systems. Read More


Industrial Outdoor Storage Space Could Be a “Siren Song”

Investors are currently quite attracted to the industrial outdoor storage trend of fenced-in parking lots for trucks, but this trend could be short-lived according to a BisNow report. Read More


Warehouses Are Full Leaving Shippers To Hold Products On Chassis 

While warehouses are full in various places around the country, shipping companies are storing product on their chassis. This is a short-term solution, but it is costing consumers and putting further pressure on the supply chain overall. Read More


Meds and Beds (But Not Enough Sheds) Is the Title of a Recent BisNow Report

BisNow reports on Ireland’s “insatiable thirst” for real estate space that can be used by industrial and logistics companies. Read More


Is the ‘Red-Hot’ Industrial Real Estate Market Starting To ‘Cool Down’?

Slight “economic headwinds” have affected investor appetite for the industrial real estate sector. 2022 ended with record-low vacancy rates across the board, and in the expert insights perspective given to GlobeSt.com, they see issues continuing near-term. Read More


Industrial Real Estate’s ‘Golden Child’ Has 130% More Sublease Space Year-Over-Year

Industrial real estate sublease availability in the Dallas-Fort Worth area increased “dramatically” during the last year, showing signs of normalizing demand in the sector. Read More


The Most Expensive Industrial Real Estate Markets for Development Nationwide

Portland is the top of the list for the most expensive cities to build industrial real estate assets. GlobeSt.com highlights some of the other markets where it is most costly to develop industrial properties. Read More


Experts Predict That It Will Take Years To ‘Recalibrate’ Amazon’s Warehouse Capacity Nationwide

Amazon has been “whittling down” its industrial real estate asset presence nationwide (and globally) after its binge of fulfillment facilities during the pandemic. Experts predict that it could take many years for this effect to stabilize. Read More


Industrial Real Estate Assets Supply Is On Its Way, But Won’t Meet Demands

According to GlobeSt.com there are 713 million square feet of industrial space under construction, and nearly another 700 million in the planning stage. Despite the projected space coming online, it may not be enough to meet the demand. Read More