Industrial

The company enters 2019 with a resilient focused growth platform and more profitable portfolio.

The transaction marks the fifth data center property acquisition in 15 months for CIM and 1547 Critical Systems Realty.

Many of the tenants at 100 Ryan Street are on-line, internet-related sales companies.

Private capital's demand for industrial, coupled with the already strong appetite from buyers, has been a contributing factor in the cap rate compression during the last few years, says Moore in this <b>EXCLUSIVE</b>.

The deal for the portfolio secures the Boston-based firm gross proceeds of approximately $113.5 million. The properties are 100% leased to seven tenants. The portfolio was acquired by Exeter Property Group of Conshohocken, PA.

“Our focus within these zones will be the development of multi-family, industrial and self-storage assets along the I-95 corridor throughout the northeast,” says James Hanson II of The Hampshire Companies

Despite slow summer months, the Port of Long Beach is expecting a record breaking year, with November numbers up 1.5%.

The Highlands property was purchased with a 97% leased rate, but that percentage is expected to fall shortly to approximately 70% due to pending lease expirations, Equus Partners reports.