Industrial

The deal, which closed at the end of 2018, was the largest industrial lease of the year.

CapitaLand reports that the newly formed group will have a presence in more than 180 cities across 32 countries.

Gunston Commerce Center, a nine-building complex anchored by the GSA and other government contractors, was sold by I-95 Business Parks Management, which hired Avison Young last year to market the best-in-class industrial/flex business park for sale.

Bridge Development, DH Property Holdings and Banner Oak Capital closed on Sunset Industrial Park for $255M to develop a four-story warehouse.

J.G. Petrucci has acquired an industrial flex building and a six-acre development site that expand the variety of commercial and industrial real estate options it can offer clients.

Educating tenants on the limited supply is among the “toughest jobs right now,” according to John McMillan at NKF.

The properties will be remediated and returned to commerce, as HRP plans a second life for both sites as warehouse distribution hubs.

Kevin Coleman has joined WCRE as EVP and chief sales officer. He comes from Keller Williams Commercial.