Bixby JV Sells Inland Empire Industrial Facility
The property was fully leased at the time of closing.
The post Bixby JV Sells Inland Empire Industrial Facility appeared first on Commercial Property Executive.
The property was fully leased at the time of closing.
The post Bixby JV Sells Inland Empire Industrial Facility appeared first on Commercial Property Executive.
Three of the property's four buildings are fully leased.
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Amit Rustgi will drive the company’s participation in high-yield loans secured by institutional real estate.
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The founder and former chairman intends to lead a separate entity focused on South Florida.
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The facility will come online next year.
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Find out how the metro performed in the first five months of 2024, according to CommercialEdge.
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EDENS and JPMorgan Chase & Co. sold the 95 percent leased asset.
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The firm has been a tenant at the property for nearly four decades.
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Dothan Warehouse will sell the asset.
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JLL Capital Markets arranged a $21 million acquisition loan.
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The 190,000-square-foot property came online in 2001.
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John Park has been with the company for nearly 37 years.
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Several notable developments and lease deals took shape in the first half of the year.
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This acquisition brings the firm’s regional portfolio to 23 properties.
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Automation increases stickiness to manufacturing and logistics facilities, one expert observes.
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With a focus on mission-critical facilities, the partnership has acquired a property in metro Knoxville, Tenn.
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MidFirst Bank and seven other financial institutions provided the funds for a new outpatient facility.
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Additionally, the metro saw strong fundamentals in terms of sales and completions in the first five months of the year, according to CommercialEdge.
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Construction will begin in the fourth quarter.
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The property traded for $11.6 million.
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