Enclave’s Post

Blacktown industrial asset sold off-market for $7.75 million by CBRE Prime industrial warehouse in Blacktown sold to A private owner-occupier from Cetna Holdings for $7.75 million, brokered by CBRE experts Matthew Alessi and Brendan Wein. Matthew Alessi said the purchaser intends to occupy the property once the current tenant vacates, showcasing the growing demand for strategic real estate investments in Western Sydney. “It was interesting to see the level of interest we had off-market from owner occupiers, who were willing to take on the low lease metrics and wait up to three years before occupying the building,” Matthew Alessi added. Read more on The INDUSTRIALIST > https://lnkd.in/gD_yjyzW Tom Hayes Harry Kalaitzis Josh Deluca James Wagstaff Max Marro Emma Kempton-Hall Tiffany Gyft Lauren Walker CBRE Industrial & Logistics #sydneyrealestate #sydneymaket #industrialwarehouse #warehouse #industrial #blacktownwarehouse #industrialrealestate #industrialproperty #industrialnews #industrialdevelopment

BKM Capital Partners has acquired the 217 Distribution Center, a multi-tenant industrial park in Metro Portland. This 451,062 sq ft property offers 13 units and boasts excellent features like dual-dock-high loading capabilities, 24-foot-clear heights, and 14 railway dock doors. BKM plans to invest $4 million in upgrades, including roofs, parking lots, and more, while increasing the number of units to 15. The property's location along Highway 217 provides easy access to the Pacific Northwest, making it ideal for logistics-focused tenants. Currently, it's fully leased to credit tenants like Nike, Rexel, and the Beaverton Police Department. This acquisition is part of BKM's successful year, during which they acquired 14 properties totaling 2.2 million sq ft in various states. Their strategic vision positions them as industry leaders, with plans to deploy $200 million in Q1 2024. #smartcap #redmond #kirkland #bellevue #realestate #industrialproperty #investmentopportunity #oregon #beaverton

We are pleased to announce the closing of a 73,000-square-foot distribution center in Norcross, Georgia, located within the northeast Atlanta market. The property sold for $8,463,636, equating to $115.94 per square foot. Kurt Hediger, Senior Vice President of Graystone represented the buyer, Faropoint, a U.S.-based real estate investment firm that focuses on last mile industrial real estate. The 73,000-square-foot center is fully occupied by SRS Distribution, the fastest growing distributor of building products in the United States, on a triple net basis. The industrial asset features clear heights ranging 22 feet, 4 external docks, and two drive-in doors. The 9.93-acre site provides potential for industrial outdoor storage. “1400 Beaver Ruin Rd is a unique opportunity to reposition a well-located facility,” says Hediger. “Faropoint will implement a substantial interior and exterior renovation as part of a reposition strategy for the asset to capitalize on strong demand for quality industrial space within the Atlanta market." “We believe the Norcross sub-market offers a unique value proposition, bridging Atlanta's dense urban core with its growing northern suburbs,” said Dave Zealear, Director of Acquisitions at Faropoint. “With the property's strategic location and outside storage component, we see significant opportunity to reposition the property. This acquisition demonstrates our ability to identify properties where we can leverage our operational expertise to create value in supply-constrained infill locations.” Situated northeast of Atlanta, 1400 Beaver Ruin Rd has immediate access to I-85 with connection to I-283, downtown Atlanta, and Hartsfield-Jackson Atlanta Airport. Norcross is strategically located between the affluent northern suburbs of Atlanta, and the denser urban core. As a result, industrial tenants often opt for smaller infill sites in the area, accepting higher rents in exchange for reduced transportation costs.

Industrial Real Estate's Biggest Operators Add Space Despite Slowdown Prologis and Blackstone's Link Logistics among firms erecting additional warehouses and planning for more leasing #darwinpw #corfacinternational #industrialrealestate Read more: https://lnkd.in/gsXmRmzu

Significant news in the commercial real estate market! Prologis has just acquired a major mixed-use park in London, highlighting the ongoing demand for strategic urban spaces. This acquisition reflects a broader trend in the market where industrial and logistics operators are increasingly looking at mixed-use developments to enhance their portfolios. The site, which combines retail, industrial, and commercial spaces, offers Prologis a unique opportunity to further integrate logistics capabilities into urban environments. With the rise of e-commerce and the need for last-mile delivery solutions, these types of assets are becoming more valuable than ever. It's an exciting time in our industry as we see more creative approaches to real estate that blend different sectors and meet the evolving needs of businesses and consumers alike. Prologis's move is a clear indication of where the market is heading. #CommercialRealEstate #MixedUseDevelopment #UrbanLogistics

Acting on behalf of private property company Templetone Ltd, AP Investment has recently acquired a retail investment in the centre of Wallingford. Located centrally between Waitrose and Market Place the property comprises two ground floor retail units with uppers and a rear garden. The units are occupied by a café and local estate agency. The two tenants recently committed to new 10 year leases, with break options at the expiry of the 5th years. The property was acquired for £325,000. The vendor was represented by Quintons. #realestate #propertyinvestments #retailproperty #commercialpropertyinvestment #commercialrealestate #apinvestmentdeal

Massumi + Consoli advised PrimeSource Building Products, a Clearlake Capital Group portfolio company and provider of specialty branded residential building products, in its acquisition of Harney Hardware, a provider of branded door and bathroom hardware. https://lnkd.in/eY5ZtrSc   #PrivateEquity #MergersAndAcquisitions #Construction 

Elion Partners just made a big move in South Florida, buying four warehouses in Sunrise from Blackstone’s Link Logistics for $206M. Here’s the scoop: 📦 Largest warehouse (390 KSF): $102.6M (was $42.8M in 2011). 📊 Others (59.9–202.7 KSF): $49.7M, $38M, $15.4M. 📍 Built 1987–2003, near Everglades National Park. South Florida’s industrial market is mixed, with Fort Lauderdale and West Palm Beach seeing strong demand and rising rents, while Miami faces oversupply and slower demand, though rents remain steady at $17.10 PSF. Do you think South Florida’s industrial market can sustain this level of activity? Let us know your take 👇

SOLD | $21,600,000 | 51-73 Lambeck Drive, Tullamarine The Cushman & Wakefield Capital Markets Logistics & Industrial team congratulates our valued client Centuria Capital Group on the successful divestment of 51-73 Lambeck Drive, Tullamarine for $21,600,000. This strategically positioned asset in a prized Tullamarine location is situated on a 1.73 ha landholding with exceptional frontage and comprises a diverse facility totalling 9,299 sqm of GLA across two levels of high-quality office/warehouse accommodation. The asset transacted fully leased to Hellmann Worldwide Logistics, a leading global logistics company, subject to a remaining term of 1.9 years with fixed reviews. This opportunity was offered via an off-market Expressions of Interest (EOI) campaign which attracted strong interest from a diverse buyer profile which included private investors, local occupiers, and syndicate/institutional groups. This sale continues to display strong investor appetite for short term WALE assets, underpinned by high land value with significant future rent reversion upside. We would like to thank the wider Centuria team for entrusting us with this process, particularly the deal team of Nick Gaston, Jesse Curtis, Andrew Essey, Cameron Mullen, Kate Spalding and Mark Jones. For further information or to request a sales analysis, please contact: Chris Jones +61 477 881 882 Charlie Holmes +61 439 334 154 Adrian Rowse  +61 414 836 817 Tony Iuliano Gary Hyland Nick Goodridge Brendan Harrison Oliver McIntosh Jack Shearer Vivian Nguyen Bronte Senn #Cushwake #CapitalMarkets #Industrial #Logistics #LogisticsandIndustrial #Investments #Melbourne #Australia

The Competition Commission has approved Echo Edge’s proposal to acquire Mandela Park Shopping Centre in the Free State, with conditions, from Novato Trading. Echo Edge comprises real estate companies with a diversified portfolio of various assets including retail, office, commercial land, residential agricultural, and warehouses across SA. #competitioncommission #acquisition #shoppingcentre #commercialrealestate #competitionlaw #realestateinvestment #realestateinvestor #propertyowners #landlords #assetmanagement #competitionlaw #retail #retailrealestate