Industrial

"This acquisition continues the expansion of our nationwide industrial portfolio, which seeks to secure strong, income-oriented returns at this mature stage of the current real estate cycle,” says Brodie Ruland, ASB senior vice president and Northeast region head.  

GM also notes that in addition to the previously announced closure of its assembly plant in Gunsan, Korea, GM will cease operations at two additional plants outside North America by the end of 2019.

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.