Industrial

CT Realty has acquired a 18.46-acre infill site to develop Stadium Logistics Center, a 329,402-square-foot industrial building to meet the surging demand for supply chain distribution space amid spiking e-commerce sales growth.

"There is absolutely a need for centrally located fulfillment centers and distribution facilities, and we believe that some vacant warehouses can provide a good opportunity for that type of repositioning."

Amazon led the way transacting more than 26.9 million square feet during the first half of 2020.

The firm set out regional expansion plans at the beginning of the year, and the pandemic hasn't impacted its plans.

Urban Logistics Realty executed its first lease at Urban District 30 with 1000Bulbs.com in a 203,040-square-foot lease, one of the larger leases in the Mesquite/Garland submarkets year to date.

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.

At the recent CREW Network Convention: A Virtual Experience, the head of global investment research talks about spatial implications, uncertainty, testing market pricing and who comes out as winners.

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