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The New Jersey investment firm has shelled out $35M in Tampa and Jacksonville.
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Google is the new lessee of a massive industrial warehouse near Charlotte and is eyeing an adjacent site to lease as well.
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Negative net absorption hit 4.7M SF, due to a handful of very large move-outs.
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The property was purchased for 53% above its assessed value.
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Land & Buildings Investment Management's founder claims that First Industrial Realty Trust is undervalued by as much as 30%.
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Global Net Lease will acquire Modiv Industrial's portfolio, which was valued at $597M in December.
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The Kern County master-planned commerce center is already home to national credit tenants including Famous Footwear, Ikea and Plant Prefab.
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Power has become a core factor in industrial site selection as developers are increasingly competing with data centers for access to electrical capacity.
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New manufacturing and logistics projects serving the data center supply chain are moving the needle in the U.S. industrial market.
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Prime Horsepower is planning a $32M industrial park in the northwest corridor.
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