Industrial

The Meritex Company and AEW Capital Management have secured an equity interest in an industrial portfolio, with plans to acquire additional assets.

One 18,000-square-foot training facility in Grand Prairie will house two flight simulators, the first Level D full-motion flight simulators in North America for Airbus H145 and H175 helicopters.

"There was great interest in this asset given its location and current use," Cruz said. "It's a rare opportunity to acquire a property with long-term flexibility and optionality that can support logistics, storage and other uses in the Metro park submarket."

Hannon joins the firm as a business development representative in its industrial group in Tempe, Arizona.

Dermody Properties recently acquired a property in Fremont, which has long been a preferred industrial site due to accessibility to the Bay Area, access to engineering and manufacturing labor, and business-friendly environment.

The international manufacturer of automation sensors, vision systems, barcode readers, laser markers, measuring instruments, and digital microscopes has agreed to a long-term lease for 80,849 square feet at Building II at the complex located in the O'Hare industrial submarket.

The Blackstone entity acquired the property in partnership with Roman Real Estate Holdings, Inc., according to NAI James E. Hanson, which brokered the deal on behalf of the buyer.

Karlin Conklin, an outspoken advocate on the importance of C-suite diversity, notes that females in principal and director roles in this industry are not the norm, but comprise more than half of IMG staff.