Industrial

One of the few newly constructed buildings in Sugar Land Business Park, Sugar Land Crossroads is to include two buildings designed for tenants ranging from 28,000 square feet to 326,792 square feet.

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"This suggests the average lease-up time for new speculative product following delivery in Chicago's industrial market is longer than other markets. This lease-up time will likely be extended further by the Coronavirus pandemic and ensuing economic response," Colliers states.

In this EXCLUSIVE, Randy Wood recently shared some insights on how COVID-19 is impacting the industrial market, trends in industrial leasing, the status of inventory and tenant space requests.

State officials say that these programs taken together will provide more than $75 million of state and private financial support, with the opportunity to grow to more than $100 million if additional philanthropic, state, and federal resources become available. T

Impulse 4.0 recently signed a lease to occupy 125,646 square feet of industrial space at 9581 Joe Rodriguez Dr. due to its high-demand warehouse and distribution space in the only new El Paso class-A industrial site.