FEATURED TRANSACTIONS
Newport News, VA - Box Equities Grows Port of Virginia Portfolio with 125K SF Property
Box recently acquired another property in Newport News as part of its growing portfolio in the Port of Virginia. This 26-foot clear property was originally purpose-built for Canon, one of the largest employers in the region. As part of the acquisition, Box negotiated a sale leaseback with the current tenant, Mercana Furniture.
Raleigh, NC - Box Expands to Raleigh with 70K SF Data Center Manufacturer
Box acquired its first property in Raleigh, NC located one block away from Novo Nordisk's 1.4 million square foot GLP-1 manufacturing plant. During diligence, Box was able to negotiate a lease extension with publicly-traded investment grade tenant, Hubbell Incorporated. Nearly 100 Hubbell employees work onsite manufacturing prefabricated data center equipment.
INDUSTRY NEWS
New Jersey's Industrial Deliveries Slow, Vacancy Climbs
Read about the metro's latest fundamentals. Based on Yardi Matrix data. Read More
Stellantis to Reopen Illinois Plant for Jeep Production
Global automaker Stellantis announced plans to invest $13 billion over the next four years to grow its business in the United States market and to increase its domestic manufacturing footprint. Read More
Small-Scale Industrial's Broad Appeal
It's a subset of industrial, but it offers its own attractive dynamics. Read More
TRANSACTIONS
Phoenix, AZ - Dollar Tree Pays $147M for Phoenix-Area Industrial Asset
The building is part of Lincoln Property's 210-acre logistics campus. Read More
New Jersey - EQT Acquires New Jersey Industrial Portfolio
The 11-property collection is fully leased. Read More
New York, NY - Terreno Sells South Brunswick Industrial at 640% of 2010 Purchase Price
Terreno Realty Corporation, an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets. Read More
QUOTE OF THE WEEK
"The key word for the 2025 holiday season is 'value.' Retailers and their logistics partners are optimizing their networks to deliver that value through faster, more economical shipping, and simpler returns. This mandate is continuously driving the demand for next-generation, high-utility industrial spaces."
- Frank Loewen, Senior Vice President of Logistics Operations, Kenco