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The company has acquired three facilities, occupied by WuXi Advanced Therapies; bringing its Navy Yard portfolio to total more than 1.1 million square feet.
"Although it is too early to accurately predict the pace of recovery, the US industrial market is well positioned to weather the current disruption," Cushman & Wakefield states in a new report.
Houston has the ability to leverage inbound sea freight with product coming in from Mexico and Central America, making it the ideal spot for global supply chains, says Colliers' Industrial US Seaport Outlook.
The rise in the special servicing rate was tied primarily to the retail and lodging industries and continued a consistent increase in the rate that started in March.