Industrial

Colliers International has been selected to market an industrial property with strong fundamentals near a NY Airport. They describe how they got this assignment and what choosy sellers look for in a buyer.

The Alliance submarket remains a top industrial submarket and recent acquisitions bear that out, such as Transwestern Investment Group's recent acquisition of a 1.2 million-square-foot industrial property.

The Series D funding round was led by SoftBank Vision Fund with participation from Sequoia, Atomico, GV, Fifth Wall and Four Rivers.

The sector has grown five times as fast as the local economy since 2000, adding more than 85,000 jobs.

Warren Thompson, a restauranteur and food and facilities management entrepreneur, brings oversight and finance experience to the nationwide industrial REIT.

Industrial sales in the market hit $1.8 billion in 2017 for industrial product over 10,000 square feet.

Williams has more than 15 years of expertise in project management, commercial real estate development, construction management, and contract negotiation.

Rubenstein Properties was the seller of the portfolio, which contained 28 buildings and one development parcel.