There is a projected 855 million square feet of absorption and new supply of industrial properties at 932 million square feet expected in 2022.

The previous ownership had repositioned the property, including a new exterior and upgraded building systems.

The firm will occupy 2,055 square feet of ground floor retail space and 8,074 square feet of office space.

US vacant sublease space fell 1.5% quarter over quarter, from 132.4 million square feet to 130.4 million square feet.