Industrial

Upon completion, the park will be the largest rail-served industrial mixed-use logistics park in the Midwest, and one of the largest in the country.

After a healthy start to the year, cargo volumes fell 16.6% in May year-over-year, and volumes are down 6% for the year.

As e-commerce and last mile logistics tenants continue to fuel a massive industrial space expansion, the location of Steelcase's buildings, access to employment and highways were big factors in choosing a site.

In a newly released report, CBRE ranks Pennsylvania, and specifically the Lehigh Valley as the sixth largest cold storage market in the country with 213.5 million square feet of inventory. The state of New Jersey came in at number 10 with an inventory of 136.7 million square feet.

GlobeSt.com and Real Estate Forum are pleased to announce the top 2019 Woman of Influence professionals of the year in the category of consultant and advisor.

“From Polk County to Pinellas County, more people than ever are looking to build in Tampa, as evidenced by the tremendous amount of spec development going on today,” says JLL's John Dunphy.

The logistics center has site plan approval for up to four buildings between 150,000 square feet and 477,000 square feet, or a single 1.1-million-square-foot site.

The years-long tight market has hurt commercial real estate asset classes, with higher vacancy rents, lower asking rates and greater concessions, according to a report last year from JLL.