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Premier Industrial commercial real estate news, analysis, trends and information including warehouse, distribution, logistics, e-commerce, self storage and R&D space deals and players.
Empire State Development also reported on Wednesday that it was providing an additional $18 million in incentives for the project, bringing the state's total commitment to more than $25 million for the venture.
The Brookwood Business Center traded for approximately $40 million, according to public records. Brookwood Financial acquired the former Billerica Business Center in 2010 for $15 million in foreclosure proceedings.
Brokers are more likely than investors to predict that investment sales activity will increase for industrial, according to a Real Capital Markets/SIOR study.
Total returns for the NCREIF Property Index have been fairly consistent over the past five quarters, although annual returns are below the five-year average.
With e-commerce bringing so many changes to retail, one Chicago-area firm believes it's a good idea to get a foothold in the quickly expanding distribution sector.
Port 10 Logistics Center embodies a growing trend in the industrial market toward class-A big-box warehouse space well-suited for distribution, with seven warehouse facilities slated to be delivered in 2017.
The mixed-use space at Campus Pointe Office Park strengthens the region's reputation as a viable tech market and one whose ancillary businesses will benefit from the retailer's growth here, NKF's Steve Bruce and Chris High tell GlobeSt.com.