Industrial

Brad Lebovitz, managing director at Silverpeak, says the acquisitions introduce Silverpeak to edge markets where the firm sees limited supply.

“The property's attractive location in the Kinzie Industrial Corridor, on-premise parking and proximity to public transportation and nearby expressways were all factors in our decision to buy,” says Michael Schack, principal of Dayton Street Partners.

In advance of Lunar New Year, when cargo volumes typically stall, the Port of Long Beach saw only a slight decrease over last year's record-breaking cargo numbers.

With the passing of one partner, Rubenstein determined that since cap rates for sales are attractive, and warehouse and logistical center property is in demand, it was a good time to sell, says Mandelbaum Salsburg attorney Owen Hughes.

Dallas will play a key role in the ramp-up phase as one of the fastest-growing cities in the US, thus requiring more data centers to cater to last-mile delivery closer to customers.

The GE BioPharma business is currently part of GE Life Sciences, which is headquartered in Marlborough, MA.

The portfolio totals 2.3 million square feet and is located in four markets.

Denault stated on the company's earnings conference call, “We are now actively working toward a post shutdown sale of Indian Point.”