Industrial

"This acquisition continues the expansion of our nationwide industrial portfolio, which seeks to secure strong, income-oriented returns at this mature stage of the current real estate cycle,” says Brodie Ruland, ASB senior vice president and Northeast region head.

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Most in industrial development expect continued growth in e-commerce, but the market for Sheldon Distribution Center is likely to be very traditional users of distribution space such as building suppliers.

One of the largest city expenditures will be $60 million from the School Construction Authority that is earmarked for the construction of a new school in the Court Square area.

The building is already fully leased to four tenants.

The move comes at a key time in the industrial sector, as many firms completely revamp their supply chains.