Globest Sectors

Real Capital Markets names Phoenix among the top industrial investment markets in the country.

At closing, the venture will acquire an initial portfolio of assets of approximately 6.9 million square feet of operating properties and 371 acres of land from Prologis' balance sheet with a commitment to build out the existing land bank.

The largest transaction—a $165-million non-recourse mortgage loan—is collateralized by 85 assets owned by subsidiaries of SMTA and leased to Shopko that are held outside of the company's Master Trust.

The 50,978-square-foot building— DEA - Upper Marlboro—is a modern, Class A laboratory 100% leased to the GSA and occupied by the DEA, which serves as the DEA's Mid-Atlantic regional laboratory.

Reportedly Northern Virginia, Dallas and New York City are on the company's short list.

Potential buyers want to see how the recent Walgreens and Rite Aid merger works out, among other concerns.

This was Detroit's 30th consecutive quarter of positive absorption and the vacancy rate stayed below two percent, at 1.93%, for the third consecutive quarter.

"We realize that healthcare and technology are two high growth sectors of the economy."