The project from Manekin LLC and Turnbridge Equities is planned to include more than 3M SF of industrial space across 13 buildings.
One asset class looks like it may come out of the coronavirus pandemic virtually unscathed.
Industrial developers set new records in 2020, and the need for bigger buildings is why.
Other property types are suffering during the pandemic, but not industrial.
The activity pipeline is strong enough to see another 10M SF of absorption in the third quarter alone.
Amazon and 3PLs are signing leases left and right, but those agreements may only last two or three years.
PGIM Real Estate nabs $700M U.S. industrial portfolio, continuing its buying binge in the growing CRE asset class.
DFW's industrial market is on fire, but intense competition is beginning to cut down on the availability of infill, last-mile sites.
Industrial developers have launched a record-setting amount of new construction, mostly build-to-suits, a sign of long-term confidence.
Big lease expansion in Carrollton.
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