Here’s a list of recent news around the country:
Amazon recently confirmed that it will open a new 700,000 square foot fulfillment center just outside of Atlanta in Gwinnett County. This shows the increasing popularity of the Atlanta industrial market, which is among the top 5 markets in the U.S. for new construction. Click for more on Amazon.
Blackstone affiliate Link Industrial Properties closed on its acquisition of an 8.8 acre site in Medley, FL. The property, on the far western edge of Miami-Dade County, should be idea for a new development to support demand in the tight Miami industrial market. Link Industrial Properties was part of Gramercy Property Trust, which was purchased by Blackstone in 2018. Find out more from The Real Deal.
Port Activity Continues to Dominate Industrial
Connection to major US ports continues to drive many investment deals, such as this one by CenterPoint Properties. The firm acquired a 3.5-acre rectilinear concert yard in Compton, CA. that offers proximity to major freeways as well as ports of Los Angeles and Long Beach. The yard’s shape and size allows high efficiency for storing equipment and using it to boost product throughput in the southern California industrial market.