Demand still outweighs supply in the Chicago region's industrial market, and developers now concentrate on building midsize warehouses.
2019 was a monumental year for industrial year estate, as total volume was the largest total in sector history at $102B.
The Rubenstein Partners-owned property was refinanced for $127M around the same time HSB inked the lease.
Greater Boston's office vacancy rate is above 18%, but executives in the market say that reflects its vast obsolete stock and that tenant demand is strong.
Orion Properties leased the building at 6655 MacArthur Blvd. in Irving to nonprofit organization Mercury One.
Ardent has become the latest U.S. investor to target the UK's growing self-storage sector with a new platform seeded by three assets.
NAIOP sees recession possibilities increasing, which would push absorption down further.
Political discourse in places like New York City are driving South Florida office leasing, Related Ross Executive Vice President Jordan Rathlev said.
The acquisition comes about a year after BKM and the real estate investment arm of Kayne Anderson formed a JV to target small- and midbay industrial.
The site is one of the last available in the 27-acre master-planned development.
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