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Brennan Investment Group's Scott McKibben says the 2.3-million-square-foot sale-leaseback is with “an established tenant with long-term commitment to the areas.”
“The construction supply industry is booming, and our client's business is growing exponentially,” says Cushman & Wakefield's Jason Barton, who also recently assisted HD Supply in a lease renewal in North Bergen, NJ.
Liberty Property Trust has acquired four properties in Southern California in the last quarter, the latest a $92 million industrial facility in Commerce.
NAI Partners recently shared market highlights and trends across all property types, and pointed to the firm's recently released sublease index as a significant indicator of the health of the marketplace.