Industrial

With the closing of this acquisition, GNL has closed 18 acquisitions for $393 million this year.

Speculative development is much less prevalent today than in past boom times–with many of Dallas/Fort Worth's large office and industrial projects significantly leased up prior to construction.

The 376,000 square foot building has 84,000 square feet available for lease which can be subdivided in half.

American Nevada Co. completes the disposition of a 1.2 million-square-foot office and industrial portfolio for $234 million.

The current expansion period is the second-longest post-war boom period on record and may become the longest, which would indicate that the cycle may be close to a peak.

"We are seeing the type of sustained transactional activity that propelled us to our healthiest leasing performance in recent years portfolio-wide in 2017,” says Matthew K. Harding, Levin's president.

Pennsylvania American Water has also committed to invest approximately $36 million in improvements to Steelton's water system over the next 10 years.

The investor trades a North Carolina retail property for a flex industrial asset in Phoenix.