McDonald in turn plans to ramp up its development pipeline of potentially 4M SF of new industrial projects.
Including this one, CenterPoint has spent more than $750M on acquisitions in SoCal this year so far.
Houston industrial rents are poised to rise in the next year or two, as soaring land costs and tightening supply trickle down to tenants.
Sahni Enterprises, which sells digital scales and hookahs, is entering the industrial development business.
Duke bought a now-shuttered glass facility for $34.4M.
Industrial executives from CBRE and Duke Realty said the issues tenants face are actually leading them to lease more warehouse space.
A roundup of the largest industrial leases in Houston during Q3 2021.
Offices in SoCal's industrial areas are getting lots of attention from industrial developers looking to replace them.
Industrial is booming but the situation is actually more complex than record low vacancy rates suggest.
With rent growth hitting levels never before seen in the industrial sector, developers are confident that rents can outpace the rising cost of construction.
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