Non-investment grade tenanted properties made up 89% of the supply in the third quarter.

While there was an increase in sales during the third quarter, industrial investment is down significantly for the year.

University Place Assoc., Silverstein Properties and Cantor Fitzgerald are developing a 250,000-square-foot, eight-story lab and office building in a Philadelphia Opportunity Zone.

Colony closes the $400 million sale of the Colony Bulk Industrial Portfolio, the final step in the firm's exit from the industrial market.