Industrial

HSA Commercial has acquired a 68-acre land parcel at Wilmot Road and 136th Avenue in Bristol, near I-94 and the Wisconsin-Illinois border. The firm has already received approval to develop a multi-phase business park on the parcel consisting of three buildings totaling more than 1 million square feet.

The New Jersey office market experienced a 120-basis point drop in the vacancy rate, going from 14.3% in the fourth quarter of 2018 to 13.1% at the end of the fourth quarter of 2019, according to a report released by Avison Young.

While not coming out and predicting a recession in 2020, Heil did say, "We are not going to be seeing as much economic growth as in 2019, both nationally and regionally."

Finding water sources and fixing damage requires a multi-step process.

The trend will continue through 2020 with owner-user demand increasing throughout San Diego.

The initiative valued at least $1.4 billion in connection with the expansion of its operations in Cumberland, Dauphin, Northampton and Philadelphia counties will involve investment in building renovations, equipment, and infrastructure improvements at each of the locations.

The deal is expected to close on or around Feb. 4.

With its lease of 343 Murray Hill Parkway, Axis Global Logistics will be able to service its growing client base in the New York City metropolitan market, according to NAI James E. Hanson.