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Premier Industrial commercial real estate news, analysis, trends and information including warehouse, distribution, logistics, e-commerce, self storage and R&D space deals and players.
The firm commenced construction earlier this month on the initial two speculative buildings of 436,800 square feet and 168,480 square feet at the Whiteland Exchange development, which are slated for delivery in the first quarter of 2020.
With more than 1.4 million square feet of net absorption during the 12 months trailing first quarter 2019, the Northwest industrial submarket remains a target for institutional investment, i.e., Kempwood Tech Center.
More than 19 million tons of waterborne cargo moves through the Port of Chicago each year, the most of any port on the Great Lakes, according to the IIPD.
Dermody has been active in the Pennsylvania/New Jersey industrial market of late. The deal for the East Windsor, NJ property comes less than a month after the firm broke ground on two buildings at a 557,820-square-foot complex located 80 miles from the Port of New York and New Jersey in Wind Gap, PA.
Transwestern's senior managing director of analytics, Jimmy Hinton, will develop research/predictive analytics for investment strategy, market and asset selection, underwriting, and portfolio management.