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DES MOINES, IA—The vacancy rate here has plunged to about two or three percent, and companies that currently need 32' clear heights have very few options.
SAN FRANCISCO–The Northern California chapter of SIOR brokers were involved in several significant transactions during the past quarter, including a 916,034-square-foot industrial sale valued at $51.5 million. Other significant transactions included a 153,000-square-foot office/R&D sale valued at $40.8 million and a 105,801-square-foot R&D sale valued at $30 million, both in Sunnyvale, CA.
WALNUT CREEK, CA—Millennials will embrace home ownership over the next decade as their parents did, writes Darius Mirshahzadeh in this <b>EXCLUSIVE</b> commentary.
BARTONSVILLE, PA—Aztec Group, a Florida real estate investment and merchant banking firm, secured $23.4 million in financing for Bartonsville Square and Bartonsville Plaza, two shopping centers located in the Lehigh Valley.
HAMILTON TOWNSHIP, NJ—A huge, one million-square-foot industrial complex on 65 acres in Hamilton Township in Mercer County NJ is available for redevelopment, now that its owner, flooring manufacturer Congoleum Corporation, is relocating to Marcus Hook, PA. The facility at 861 Sloan Avenue has been vacant since October 2014. NAI Mertz is marketing the property.
PLAINSBORO, NJ—Large blocks of class A office space are hard to find in the Princeton-Plainsboro corridor, but Cushman & Wakefield has the cure. The firm is exclusively looking for tenants to lease in the massive 650,000-square-foot former Bristol-Myers Squibb headquarters complex.The pharmaceutical giant is moving to Lawrenceville, NJ.