Industrial

With the limited industrial supply, owners are opting for quality credit tenants over top rental rates.

Crowley inked a long-term lease extension and expansion totaling 179,672 square feet to completely occupy a building in Flagler Station Phase II.

The RFP seeks proposals to develop and operate a best-in-class production facility campus for film and television production, video and photo shoots, sound-recording and emerging media sectors.

"With Dennis, we are getting a seasoned real estate executive with decades of experience in managing brokerage firms, specifically within the New Jersey market,” says David Amsterdam, Colliers president - investments, leasing and eastern region.

“Las Vegas is an attractive market for us as we expand our platform of last-mile, industrial logistics properties."

With much of the industrial market catering to ecommerce users, owner/users in need of sub 50,000 square feet are seeing the biggest challenges.

Alexander Cocoziello of Advance Realty says his firm and partner Camber plan to hold the properties as a long-term investment.

HFF officials state that the six-property portfolio is 100% leased on a triple-net basis.