A 337K SF facility for FedEx Ground will go up in a popular Baytown park, Port 10 Logistics Center.
The partnership will focus on acquiring and developing industrial properties in supply-constrained markets.
Research from Cushman & Wakefield shows increased actualized and asking rents for Chicagoland industrial, and even a shaky economy isn't slowing it down much.
Is a more normalized LA industrial market in the cards for 2023?
Industrial development has moved at a breakneck speed, but that could change as banks pull back and challenges outside sectors begin to dampen demand.
The property will continue to be used by its seller for about a year through a sale-leaseback deal.
Philly-area industrial developers know tenant demand is still there, but financing construction of more supply has gotten nearly impossible.
Tight supply could get tighter if economic headwinds grow stronger.
Occupancy across the board hovered around 98% for major industrial REITs.
The manufacturing sector put the most industrial space on the sublease market last year, a new Colliers report found.
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