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One Stop Logistics' 369,294-square-foot lease at 83 Stults Road in South Brunswick (pictured) was one of the largest commitments this quarter, says Cushman & Wakefield.
As of the end of 2017, Prologis has taken ownership of 31 Central Valley buildings totaling roughly 15 million square feet including those at NorCal Logistics Center, and is projected to continue producing oversized returns.
There were 140 multifamily transactions in South Florida in the first quarter of this year, an 8.5% increase as compared to a year earlier. Multifamily per-unit prices also rose in Miami-Dade, Broward and Palm Beach counties.
Ranked third in industrial space, DFW is poised for more progress due overall job growth, affordable leasing and ownership opportunities, rising land prices and values still well under replacements costs.
Restaurants and food and beverage is not only driving retail leasing, but real estate owners in every asset class are creating curated food experiences to drive value.
The sale marks the first purchase in South Florida for Yair Levy, a New York-based investor and developer who has proactively diversified his portfolio of holdings after a contentious legal battle resulted in a ban from selling residential condominiums and co-ops in New York State in 2011.