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The partnership will focus on acquiring and developing industrial properties in supply-constrained markets.
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Research from Cushman & Wakefield shows increased actualized and asking rents for Chicagoland industrial, and even a shaky economy isn't slowing it down much.
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Is a more normalized LA industrial market in the cards for 2023?
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Industrial development has moved at a breakneck speed, but that could change as banks pull back and challenges outside sectors begin to dampen demand.
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The property will continue to be used by its seller for about a year through a sale-leaseback deal.
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Philly-area industrial developers know tenant demand is still there, but financing construction of more supply has gotten nearly impossible.
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Tight supply could get tighter if economic headwinds grow stronger.
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Occupancy across the board hovered around 98% for major industrial REITs.
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The manufacturing sector put the most industrial space on the sublease market last year, a new Colliers report found.
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The third-party logistics provider now has a 3.7M SF footprint in California.
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