TRIO Commercial Property Group is set to oversee the leasing and management of Weston’s 1.8M SF Louisville portfolio, which is made up of 5 properties and 250 tenants. “We have enjoyed great success with our past in-house management and leasing team. Our selection of TRIO is centered on who best embodies the core values of Team Weston, and who will carry on and improve upon our past successes. We feel that TRIO will bring exceptional energy, intelligence and care to this assignment,” said Tracy Green, director of Asset Management at Weston, in the news release. #commercialrealestate #industrialrealestate #industrialrboker #westoninc #manufacturing #warehouse #distribution
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Sale-leaseback of a 44,232 s/f manufacturing/warehouse/distribution building for $5 million. Dover, NH Real Estate firm negotiated the recent sale-leaseback of 111 Venture Dr., a 44,232 s/f manufacturing/warehouse/distribution building on 8.03 acres in Enterprise Park, for $5 million. In a strategic financial move, ForwardMerch divested the property while securing a leaseback arrangement for a duration of seven years on a triple-net basis. Despite prevailing high interest rates, the investment opportunity garnered significant attention from multiple prospective buyers, underscored by the presence of a local tenant. This acquisition marks Redstone’s second venture in New Hampshire. https://lnkd.in/eNBPn9gW #soldporperty #propertyinvestment #milliondollarlisting #warehouse #manufacturing #distribution #industrialbuildings #industrialrealestate #realestatedeals #industrialrealestateupdates
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In case you missed last week's largest real estate sales, Rexford Industrial dropped $1 billion to pick up 48 warehouses spread out in Los Angeles and Orange counties from Blackstone. In less positive news, Brookfield Asset Management’s 777 Tower sold for $145 million, which is half the value of the remaining debt on the building. See more of last week's top real estate sales: https://lnkd.in/ekk7Uj6W #CommercialRealEstate #CODealsoftheWeek
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Herndon-based roofing and building supplies company Beacon Building Products has closed out a busy 2023 by opening new distribution centers in five states. The Fortune 500 company, officially known as Beacon Roofing Supply Inc. said this week that it has recently added branch locations in Georgia, Illinois, Iowa, South Carolina and Texas, to go along with the 21 distribution centers it has already opened this year. Beacon is one of Greater Washington's largest publicly traded companies. Its aggressive expansion is part of CEO Julian Francis stated plan to generate annual revenue of $9 billion by 2025 through a mix of organic growth and acquisitions, and Beacon appears to be on pace to hit that target a year early. Through the first nine months of 2023, the company reported revenue of $6.8 billion, up nearly 6% from the same period in 2022. Net income, however, was down nearly 12% from the first nine months of 2022 to $340 million due primarily to higher operating and production costs.
Herndon's Beacon opens five more distribution centers to cap busy 2023 - Washington Business Journal
bizjournals.com
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OFF-Market CRE Investment Advisor, CCIM candidate FL+SC: Industrial + Retail Plaza + Multifamily + Hotel + Land for Dev: Former Charlotte + HBS Rugby player. Porsche man. Email/DM me your CRE buy-box criteria: Let's Go!
We have a high volume of outdated, value-add #CRE assets for sale #OffMarket, mostly here in #Florida and some nationally (usually via #1031exchange) –– from Retail Plazas to Multi-Family properties, from Industrial single- and multi-tenant buildings to waterfront Hotel + Motel properties (some as tear downs). If you are a #ValueAdd investment and/or redevelopment group with wholesale access to materials, equipment, and labor, I and my experienced firm have a wealth of actionable sellers and value-add #offmarketproperties from #Jacksonville to #Miami to #Tampa to #Orlando and all points in between. Please take note of my new Tampa-based statewide brokerage: Baron Christopher Hanson Baron . Hanson . CRE @ gmail . com | 772 - 888 - 6795 Licensed Off-Market CRE + 1031 Brokerage in Florida John Burpee & Associates, Inc : Commercial Real Estate : BurpeeCommercial.com Specializing in acquisitions + dispositions of industrial, retail, multifamily + hotel properties : Largo, Florida 33777 USA # 1 Investment Brokerage in Tampa 2020 + 2022 #offmarketdeals #commercialbroker #commercialrealestate #ccim #1031exchanges #multifamilyinvesting #industrialcre #hotelforsale
JOHN BURPEE & ASSOCIATES | Tampa Commercial Real Estate & Investment Services
https://burpeecommercial.com
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SOLD | $48,250,000 | 125-175 Patullos Lane, Somerton VIC On behalf of our valued Vendor Acure Asset Management Limited, the Cushman & Wakefield Capital Markets Logistics & Industrial team would like to congratulate Cadence Property Group on the successful acquisition 125-175 Patullos Lane, Somerton, VIC for $48,250,000. The asset sold fully occupied by Steel Mains – Australia’s largest manufacturer and supplier of water pipeline systems, providing a strong lease covenant, secure income and a WALE of 6.8 years by income (as at November 2023). One of the key investment highlights was the ability to acquire an asset significantly underpinned by land value. The property is strategically located in the growth corridor of Melbourne’s North, immediately adjacent to the Hume Highway being approximately 20 radial kilometres from the Melbourne CBD with seamless connectivity to the broader arterial network. The location offers links to key infrastructure in the Melbourne Airport (12km*) and the Port of Melbourne (26km*), most notably via direct rail link and connection with the Port Rail Shuttle Network. The asset sold via a Private Placement campaign and attracted interest from a wide cross section of buyers due to the strong tenant covenant, high underlying value and reversionary upside. For further information on this transaction or to request a sales analysis, please contact Chris Jones (+61 477 881 882), Tony Iuliano (+61 412 992 830) or Adrian Rowse (+61 414 836 817). #CushWakeCapitalMarkets #Cushwake #Capitalmarkets #Industrial #Logistics #Industrialandlogistics #Investments #Brokerage
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CenterPoint Properties has completed a four-building portfolio acquisition in the country’s preeminent port-proximate industrial submarket, South Bay, near the Ports of Long Beach and Los Angeles. CBRE National Partners’ Darla Longo, Michael Longo, Joe Cesta, Eric Cox, and Barbara Perrier brokered the transaction. The four facilities in Compton, CA, at 1111 W. Artesia Blvd., 711 W. Walnut St., 1620 S. Wilmington Ave., and 425 Carob St., total 546,866 square feet and feature 113 dock-high loading positions, 12 ground-level loading doors, ample auto and trailer parking spaces and secure yards. "It’s rare to have the opportunity to acquire this type of scale in the South Bay. These four assets are synergistic with our existing portfolio and align with the CenterPoint investment strategy of accumulating scale in the premier infill logistics markets in the country.” - Evan Lippow, SVP, Investments, West Region “The South Bay submarket has an established track record of low vacancy, high rental growth, and high barriers to entry for new development. Our model allows us to identify assets that have the potential to be accretive for our portfolio on a long-term basis, and this portfolio supports that strategy." - Bob Andrews, SVP, Asset Management, West Region #industrialrealestate #commercialrealestate #logistics #supplychain #losangeles
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🏗️💼 Get the inside scoop on Adam Palmer, CCIM, SIOR and Michael Doyle record breaking, $92.5M closing of Centerlinks Business Park. Discover how this monumental transaction is reshaping the region's commercial real estate scene and paving the way for future growth. Details below! WINK NEWS
Private equity company sets Lee County industrial sales record at $92.5M
https://winknews.com
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HG HomeClub looks at hundreds of articles every day. We choose the best ones to share with our readers. This gives you a quick look at what's happening in the home improvement industry. The article below is one we picked. Beacon Building Products's acquisition of General Siding Supply is a strategic move that significantly enhances its presence in the Midwest, offering a broader range of products and services to building contractors. As detailed in the press release, this acquisition not only expands Beacon's branch network with five new locations but also aligns with its Ambition 2025 plan for growth and market leadership. By integrating General Siding's expertise and product catalog, Beacon strengthens its commitment to providing high-quality building materials and innovative solutions to its customers. This development is a positive step towards achieving above-market growth and serving a wider customer base. Read more: https://lnkd.in/eYZiMuwX Visit our website for more updates: https://hghomeclub.com/ #BeaconRoofing #GeneralSidingSupply #BusinessGrowth #MidwestExpansion #BuildingMaterials #HGHomeclub
Beacon Announces Acquisition of General Siding Supply
ir.beaconroofingsupply.com
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We are thrilled to announce a major milestone transaction in Whiteland, Indiana! JDM Partners successfully represented the buyer in the all-cash purchase of a prime 50-acre land site located at 200 West Street. 📍 Property Highlights: Size: 50 acres Location: 200 West Street, Whiteland, IN Transaction Type: All cash Closing Timeframe: 90 days 🔑 Deal Insights: This strategic acquisition marks a significant development opportunity in the rapidly growing area of Whiteland. The 50-acre site offers vast potential for a variety of uses, aligning perfectly with our client’s vision for expansion and growth. Our Role: As representatives of the buyer, our team at JDM Partners facilitated this seamless transaction, ensuring a swift and efficient closing process. Our expertise and dedication to our clients’ needs were pivotal in navigating the complexities of this substantial real estate deal. Stay tuned for more updates as we continue to facilitate impactful real estate transactions that drive growth and opportunity. #RealEstateInvestment #LandAcquisition #WhitelandIndiana #AllCashDeal #JDMpartners #CommercialRealEstate #EconomicDevelopment
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I'm genuinely thrilled by the strides Hines U.S. Property Partners, our core-plus, open-ended U.S. real estate fund, has made in cultivating an exceptional portfolio. Over the past year, the fund has strategically allocated nearly $800 million across a diverse array of sectors, including industrial, grocery-anchored retail, medical offices, build-to-rent, and select development projects. The recent acquisition of Blu South marks a significant milestone, augmenting the fund's investment in alternative assets—a pivotal strategic objective. Our unwavering confidence in the build-to-rent sector remains resolute, particularly in light of anticipated higher-for-longer rates, which are poised to moderate home purchasing. Build-to-rent offerings are intended to provide meticulously crafted, pedestrian-friendly living environments as an alternative to traditional homeownership. Read more about HUSPP’s progress: https://lnkd.in/eE2m5jxw #MarketingCommunication
Hines’s open-ended US fund buys assets in North Carolina and Chicago
realassets.ipe.com
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