A Southern California investor has acquired a package of three newly constructed net-leased industrial buildings in the Sun Belt, two of which are leased to online retail giant Amazon.
Preylock Holdings of Los Angeles paid $166.7 million, or nearly $76 per square foot, for the 2.2 million-square-foot portfolio. The portfolio includes Crossroads Business Center, a 1 million-square-foot distribution center at 5705 Campbellton Fairburn Road in Union City, Georgia, near Atlanta.
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Core5 Industrial Partners and Helms Development Acquires 60-Acres in South Florida to Develop 750,000 SF of Class A Office/WarehouseConstruction Slated to Begin in April on South Florida Distribution Center’s First Building, Spec Space Spanning 223,880 SF
ATLANTA, January 30, 2017 – Atlanta-based Core5 Industrial Partners and Florida-based Helms Development today announced the acquisition of a 60-acre land parcel from the City of Pembroke Pines located at 20421 Sheridan Street, Pembroke Pines, Florida. The site is one of the last remaining in Southwest Broward to offer build-to-suit options for larger users and offers a distinctive advantage with trailer parking – an option no other property in land-constrained Broward County can offer. (more…) Read More« Previous1…1819202122Next »