Industrial

GlobeSt.com <b>EXCLUSIVELY</b> learns that Ferguson Enterprises purchased a 1.04-million-square-foot building at Optimus Logistics Center and 4F Capital purchased an 81,286-square-foot building at Tri-City Industrial Complex.

The planned construction will expand the property by adding 122,000 square feet of class A, 32-foot clear, distribution space, bringing the total square footage to 235,000 square feet.

The property sold for $10.95 million at a 6% capitalization rate.

The ProAmpac campus recently purchased by an EverWest partnership totals three buildings in the Kent Valley submarket, one of Washington's most in-demand warehouse and manufacturing locations.

San Diego life science specialists now have a national platform to lean on with Avison Young's new life science practice group.

L'Oreal is the first major corporate tenant to migrate from Los Angeles to the Tejon Ranch Commerce Center in Kern County, but more are expected to follow.

"Elevated demand from e-commerce retailers and distributors coupled with a limited supply of land and space, has led to record high sales prices for quality industrial assets like 39 Robinson," says NAI Hanson's Andrew Somple.

Class A availability and vacancy rates have declined precipitously over past 10 years.