The REIT has sold its office properties and is shifting its focus to industrial outdoor properties, executives said on its Q3 earnings call.
Denver’s industrial market is stabilizing as speculative development slows, vacancies peak and investor focus shifts.
The longer the uncertainty persists, the greater trouble it could cause for the greater LA industrial market.
EQT Real Estate has sold a Raleigh industrial building in a $28.4M deal.
DH Property Holdings will demolish a vacant office building that is on the property to make way for a 85K SF urban infill development.
A new special permitting process, along with a decade of rezonings, has halted industrial development.
Third-party logistics firms are still the most active occupiers in the market.
Pennsauken Logistics Center is a 930K SF industrial complex at 8600 and 9000 River Road in Pennsauken Township, New Jersey, encompassing 50 acres.
The three properties sold to three different buyers.
Despite setbacks, federal funding cuts and tariff uncertainty, factory sites are expected to remain in high demand.
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