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Distribution Center for Sale Near Port of Houston

Thursday, September 21, 2017

Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing for sale Bayport North Distribution Center II, two Class A industrial warehouse buildings totaling 772,500 square feet and located near the Port of Houston. The industrial property for sale is currently 100 percent leased to three tenants, encompassing a blend of national and regional logistics businesses driven by both consumer product demand and the petrochemical industry. The property is in one of Houston’s strongest submarkets, with vacancy rates less than... [Read More]

Premier Flex Park for Sale in Seattle’s East Side

Thursday, August 10, 2017

Holliday Fenoglio Fowler, L.P., (HFF), on behalf of the owner, is marketing North Creek Parkway Center, a premier six-building flex park located within the North Creek micro market in Bothell, Washington, for sale. Over the past three years, ownership has invested $2.6 million in base building capital and $5.1 million in tenant improvements, returning over-improved office suites to their original flex configurations and making North Creek Parkway Center a highly functional multi-tenant flex park with a perfect mix of office, warehouse and lab space. The property attracts and retains... [Read More]

Mid-Year 2017 Industrial Capital Markets Review

Thursday, July 27, 2017

Real Estate Indicators from Senior Managing Director Jose Cruz in HFF's New Jersey office. From an equity markets perspective, demand for industrial product continues to be strong with institutions and private funds that are underweight in northeast industrial properties. The reason we are not seeing more activity is because there has been – and continues to be – a lack of quality offerings in the most sought after markets from the Meadowlands down along the Interstate 95/Turnpike Corridor to Exits 8A/7A. As owners who are hesitant to part ways with... [Read More]

Industrial on the Up and Up

Wednesday, July 19, 2017

Real Estate Indicators from Associate Alec Haley of HFF's San Francisco office. With the national vacancy rate dropping to 5.3 percent in the first quarter of 2017, despite more than 220 million square feet of space delivered last year, industrial remains one of the tightest commercial real estate sectors in the country. Across the board, vacancy rates fell in nearly three quarters of all U.S. markets, as the national rate achieved an all-time cyclical low. Los Angeles, Orange County and the San Francisco East Bay areas are the ... [Read More]

Distribution Center for Sale in Houston’s Northwest Submarket

Thursday, May 04, 2017

Holliday Fenoglio Fowler, L.P. (HFF) is marketing for sale Apex Distribution Center, three Class A industrial warehouse buildings totaling 410,060 square feet near the intersection of Beltway 8 and Highway 290 in northwest Houston. The industrial property for sale is currently 86 percent leased to a blend of five national and regional tenants that represent a diversified range of business sectors with no oil and gas exposure. Originally home to Goya Foods, Apex Distribution Center, a development project by Crow Holdings Industrial, features 28 foot minimum ceiling clear height with dock-high configuration and total office finish of less than 10 percent. The 130-foot-average truck court depth provides tractor trailers ample maneuverability, and the building depths appeal to a wide array of industrial users seeking modern industrial space in Houston’s Northwest submarket. With 56,600 square feet remaining... [Read More]

Floating Warehouses: A New Meaning of “Dock High"

Monday, January 09, 2017

Real Estate Indicators from Director Marty Busekrus in HFF's Miami office. It was announced recently that the U.S. Patent Office awarded Amazon patent approval of an “AIRBORNE FULFILLMENT CENTER UTILIZING UNMANNED AERIAL VEHICLES FOR ITEM DELIVERY.” This is essentially a warehouse in the sky designed to air-drop packages directly to consumers. At first, I thought Amazon had finally gone too far with the last mile but, after reading the full patent, it started to become clear the implications may be less science fiction than at... [Read More]

Retail is Alive: Customers Show up for Black Friday and Cyber Monday

Wednesday, December 07, 2016

Millions of people camped out in front of retail stores on Black Friday and clicked away with abandon on Cyber Monday, all in the hopes of getting the best possible deal on electronics, toys and more. This year, total sales for both milestone shopping days of the year increased from last year, providing millions of reasons for retailers to celebrate. In fact, NRF/Prosper Insights and Analytics and Adobe both predict that November/December holiday sales will end up 3.6 percent higher year-over-year. “Analysts suggest that the... [Read More]

6-Building Technology Center for Sale in South Florida

Thursday, November 10, 2016

Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing for sale Lyons Technology Center, an institutional-quality light industrial portfolio comprising six buildings totaling 232,887 leasable square feet in Lyons Technology Park in Coconut Creek, Florida. Lyons Technology Center has an extremely diverse tenant roster with 14 of the 20 NAICS (North American Industry Classification System) codes represented. This tenant composition limits downside risk by not overexposing the income to any specific industry. Additionally, 60 percent of the rent roll comprises spaces that are... [Read More]

DC-Area Industrial and Office Property for Sale

Wednesday, August 10, 2016

HFF, as exclusive representative for the owner, is marketing for sale Largo 95, an institutionally-owned, multi-tenant office/flex property comprising 149,795 square feet across two buildings. Largo 95 is strategically located minutes outside of Washington, D.C. with direct access to the Capital Beltway (Interstate 95/495) and within walking distance of the Largo Town Center Metrorail Station (Blue/Silver Line). Largo 95 is currently 96.7 percent leased to 10 tenants, with government, medical and credit tenants comprising 73.4 percent of the tenancy. The single-story industrial and office property has... [Read More]

Panama Canal's Impact on U.S. Industrial Demand

Wednesday, June 22, 2016

Real Estate Indicators from Marty Busekrus, Director for HFF Miami. It’s finally here. The moment all of us in the industrial world have been waiting for since 2007 when dirt (and water) started moving throughout the 48-mile long Panama Canal for its long-awaited $5.4 billion expansion. The first post-Panamax cargo ship is set to go through the expanded locks this Sunday, July 26, 2016. This is the first major expansion of the global shipping channel since it was opened in 1914, which is when about 1,000 ships a year began cutting through the isthmus and saving five days rather than venturing South around Cape Horn in South America. The expansion will double the canal’s cargo capacity. Today, roughly 15,000 cargo vessels a year, or one third of... [Read More]

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