Industrial

The latest deals and noteworthy events in the Midwest region.

Securing project approvals, assessing inherent project challenges early and leveraging advantages are key when redeveloping old or outdated industrial properties for modern use, Premier's Steven Gabbert tells GlobeSt.com.

The main reason is yield, since investors are accustomed to a certain pricing level and yield expectations, and markets like Arizona, Texas and Colorado can offer it, M&M's Nick Totah tells GlobeSt.com.

Much of the market's energy comes from e-commerce and third-party logistics users, which have helped push the overall vacancy to just 5.2%.

The state-of-the-art facility occupies nearly 28 acres and features a 40-foot clear height; 62 manually-operated rear dock doors and two drive-in doors; a 130-foot deep truck court; 355 car spaces; and 74 trailer spaces.

As traditional banks adjust to the new federal HVCRE banking regulations, construction financing from life insurers, pension funds and other non-banking institutional sources is on the rise, GlobeSt.com learns in this <b>EXCLUSIVE</b>.

The standalone REIT, Industrial Logistics Properties Trust, will initially own more than 260 mostly single-tenant properties contributed by parent company Select Income REIT.

A roundup of recent deals, leases, executive moves, and other news in the Northeast from the past week.