NorthPoint Pays $270M for Chicago Industrial Portfolio
The collection previously traded four years ago for $230 million.
The post NorthPoint Pays $270M for Chicago Industrial Portfolio appeared first on Commercial Property Executive.
The collection previously traded four years ago for $230 million.
The post NorthPoint Pays $270M for Chicago Industrial Portfolio appeared first on Commercial Property Executive.
The properties are spread across multiple states, including California, Florida, Texas and others.
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The industrial development comprises 1.2 million square feet.
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The previous owners purchased the property in 2012.
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The property traded for $410 per square foot.
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The properties are located between Baltimore and Washington, D.C.
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And what’s behind these shifts, according to JLL’s latest research.
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The borough registered some notable rebounds across most fundamentals, according to CommercialEdge data.
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Comerica Bank issued the note, according to CommercialEdge.
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The industrial asset’s sale price has nearly tripled over the past two decades.
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A pharmaceutical company will occupy the space, becoming the area’s largest biotech firm by square footage.
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The property previously traded for nearly $130 million.
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The soon-to-be-renovated Midtown property is now fully leased.
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Global trade will no longer be dominated by Americans, Eurasia Group President & Founder Ian Bremmer told conference attendees.
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Cushman & Wakefield arranged the transaction.
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This marks the company’s first retail acquisition in the Miami-Dade County market.
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This is one of the region’s largest deals of its kind this year.
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Activity varies widely by market, according to CBRE’s latest report.
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New York City owners are facing their first emissions reporting deadline. Bright Power's Amanda Clevinger and CPE's Therese Fitzgerald discuss how they're coping and planning for tougher requirements.
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A luxury kitchen and bath appliances supplier picked up the asset.
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