The facility on 20.23 acres located at 25500 Clawiter Rd. was recently acquired by Dermody Properties, which will demolish and redevelop/rebrand the new facility as LogistiCenterSM at Highway 92.

Community Three and Rooney Properties will deliver the 17-unit multifamily development, comprised of 44 modular boxes, in mid-2021.

Private owners may decide to hold essential retail properties instead of putting them on the market.

Fifteen million square feet of total office sublease space was added to the market in the first half of the year.