Industrial

The assets will serve as the foundation for building a large diversified industrial net lease portfolio.

CBRE forecasts the national flexible office space will expand to approximately 13% of office space by 2030, reaching up to 600 million square feet. Even in a low-growth scenario, CBRE sees flexible office space claiming up to 6.5% of the market by 2030.

The $30-million redevelopment project is also home wholesale roofing distributor ABC Supply Co., Inc., which signed a 30,000-square-foot lease at the property in December 2019.

An industrial facility in Vista, California, has traded hands for a record $217 per square foot.

Terreno Realty sells the property for $4 million more than what it paid four years ago.

The company will purchase two adjoining sites next to its current manufacturing facility in the Scott Technology Park to construct a new 200,000-square-foot facility, state officials said.

Leading the way were the cities of Orlando and Miami, which ranked number one and two respectively in terms of private-sector job growth in the first eight months of this year.

13 Aaron Way is the largest lot in the White Lake Commerce Park and the only one to feature direct access to rail siding. Tomco Construction plans to construct a modern industrial building on the site.