GID’s Post

EQT Exeter Expands Footprint in Suburban Boston. A California-based real estate investment firm with a national portfolio of light industrial real estate, sold a pair of distribution centers in Taunton, Massachusetts, to EQT Exeter, the industrial real estate firm formed two years ago through the acquisition of Exeter Property Group by Swedish investment manager EQT AB. The two buildings traded for $37.35 million, or approximately $202.45 per square foot. The assets involved in the sale are located in the Myles Standish Industrial Park and were reported to be fully leased at the time of closing. They include 385 Myles Standish Blvd., 141,990-square-foot manufacturing facility that was recently leased by WorldPac, a wholesale distributor of automotive parts. It sold for an allocated $30.46 million. The other building at 295 Constitution Dr., is listed as a 42,500-square-foot warehouse and sold for an aggregated $6.89 million. https://lnkd.in/g_zRm8b7 #industrialreaalestate #propertyinvestment #realestateinvestment #realestatefirm #warehouse #milliondollarlisting #industrialbuilding

Acquisition news! 🚀🇸🇪🇳🇱 We are pleased to have executed two new transactions on behalf of Ivanhoé Cambridge for our last mile portfolio! This strategic addition includes two last mile facilities in Gothenburg, Sweden.   Next to these two acquisitions, we recently executed an opportunistic sale of one of our assets in Rotterdam, the Netherlands.   Please read the full article via the link below. #lastmile #logisticsrealestate #URBZcapital

Sale-leaseback of a 44,232 s/f manufacturing/warehouse/distribution building for $5 million. Dover, NH Real Estate firm negotiated the recent sale-leaseback of 111 Venture Dr., a 44,232 s/f manufacturing/warehouse/distribution building on 8.03 acres in Enterprise Park, for $5 million. In a strategic financial move, ForwardMerch divested the property while securing a leaseback arrangement for a duration of seven years on a triple-net basis. Despite prevailing high interest rates, the investment opportunity garnered significant attention from multiple prospective buyers, underscored by the presence of a local tenant. This acquisition marks Redstone’s second venture in New Hampshire. https://lnkd.in/eNBPn9gW #soldporperty #propertyinvestment #milliondollarlisting #warehouse #manufacturing #distribution #industrialbuildings #industrialrealestate #realestatedeals #industrialrealestateupdates

HomeClub looks at hundreds of articles every day. We choose the best ones to share with our readers. This gives you a quick look at what's happening in the home improvement industry. The article below is one we picked. Strategic acquisitions in the building materials industry often signal market expansion and strengthened customer service. As reported by Roofing Contractor Magazine, Richards Building Supply Co.'s recent acquisition of Fond Du Lac Distributors Inc demonstrates this trend, expanding their presence in Wisconsin. This move not only enhances Richards' ability to serve contractors in the region but also preserves the family-owned legacy of both companies. By retaining the current leadership and integrating Fond du Lac Distributors into the Independent Distributor Alliance Corporation network, Richards aims to combine strengths, expand product offerings, and increase community engagement, showcasing the potential benefits of strategic partnerships in the construction supply sector. Read more: https://hghomeclub.com/ #BuildingMaterials #StrategicAcquisition #FamilyBusiness #ConstructionSupply #MarketExpansion #HGHomeclub Thomas Annen David Edwards Ron Guzior Clint Klepp

Georgetown manufacturers ink big leases in industrial parks amid growth plans - Austin Business Journal 🚀 Big moves in Georgetown! Local manufacturers are signing major leases in industrial parks as part of their ambitious growth plans. This trend underscores the ongoing boom of businesses investing in the Austin suburb. For more details on these exciting developments and a list of top commercial real estate brokers in the area, check out our latest report! 🏭💥 https://lnkd.in/g8EyESVC #GeorgetownGrowth #IndustrialBoom #AustinSuburbs

HomeClub looks at hundreds of articles every day. We choose the best ones to share with our readers. This gives you a quick look at what's happening in the home improvement industry. The article below is one we picked. ABC Supply Co. Inc.,s acquisition of America Building Materials marks a strategic expansion into the Los Angeles market. According to the press release on ABC Supply's website, this move establishes their first location in Los Angeles, enhancing their service network in the area. Matt Cooper, vice president of ABC Supply’s West Region, emphasized that the acquisition will strengthen relationships with contractors and provide better service. The existing America Building Materials team will continue their roles, ensuring a smooth transition for customers. This acquisition highlights ABC Supply's commitment to growth and customer service. Read more: https://hghomeclub.com/ #BusinessExpansion #RoofingIndustry #CustomerService #StrategicGrowth #LosAngeles #HGHomeclub

HG HomeClub looks at hundreds of articles every day. We choose the best ones to share with our readers. This gives you a quick look at what's happening in the home improvement industry. The article below is one we picked. Owens Corning's acquisition of Masonite® International Corp. is a strategic move that strengthens the company's position as a leader in the building materials industry. As reported by Door and Window Market [DWM] magazine, this $3.9 billion deal not only expands Owens Corning's product offerings but also brings in Chris Ball, a seasoned executive, to lead the newly acquired doors business. By leveraging their combined expertise, operational capabilities, and innovation, Owens Corning is poised to deliver enhanced value to customers and drive growth in the market. This acquisition marks an exciting new chapter for the company, as it continues to transform and adapt to the evolving needs of the building and construction sector. Read more: https://lnkd.in/dJiqn23J Visit our website for more updates: https://hghomeclub.com/ #OwensCorning #MasoniteAcquisition #BuildingMaterials #IndustryLeadership #HGHomeclub

KKR Expands Industrial Portfolio with Acquisition of Park 8Ninety - KKR has completed the acquisition of Park 8Ninety, a prime 12-building industrial logistics park in Houston, from Artis REIT for approximately $234 million. This transaction significantly boosts KKR’s industrial real estate portfolio, adding about 1.8 million square feet of high-quality space. - Located on 127 acres and developed in phases from 2017 to 2022, Park 8Ninety comprises a mix of single and multi-tenant buildings with ceiling heights ranging from 24 to 36 feet. Its strategic positioning offers direct access to Beltway 8, making it a crucial industrial hub in southwest Houston. - Ben Brudney, Managing Director at KKR and head of the firm’s industrial investments in the U.S., emphasized the acquisition’s alignment with KKR’s investment strategy. He noted, “Park 8Ninety is a valuable addition to our national logistics portfolio, expanding our footprint in Houston. The city continues to benefit from strong demand fundamentals and comparatively lower supply than many other U.S. markets.” - The diverse and staggered rent roll of Park 8Ninety enhances its value as a multi-tenant complex, providing stability and potential for long-term income growth. This acquisition was facilitated through the KKR Real Estate Partners Americas III fund, supported by capital accounts advised by KKR. - Since 2018, KKR has committed or acquired approximately $7.5 billion in logistics assets across the U.S. The firm currently owns over 48 million square feet of industrial real estate in major metropolitan areas. With $71 billion in real estate assets under management as of March 31, 2024, KKR’s global real estate business continues to focus on high-quality, thematic investments across both equity and debt. - This acquisition is part of KKR’s broader investment thesis to capitalize on the high-demand logistics sector. The firm’s strategy involves leveraging its extensive platform and expertise to secure and enhance top-tier logistics assets, thereby delivering robust investment returns. #kkr #industrialrealestate #logistics #realestateinvestment #park8ninety #houston #privateequity #commercialrealestate #investmentstrategy #artisreit #cre

Hines acquires core logistics property in Germany Simone Pozzato, Senior Managing Director and fund manager of HECF: “We believe that for funds with dry powder, now is the time to deploy capital again – selectively. Prime logistic markets have sensibly repriced since 2021, new construction is limited and will likely remain subdued, while tenant’s demand is piling up in key, supply constraint logistics hubs. All these factors should continue to push rental growth in the busiest locations.'' #realestate #commercialrealestate #germanyrealestate #industrialrealestate CRE Herald Hines https://lnkd.in/db6N-k9S

What is the difference between discretionary vs as-of-right real estate development in the context of zoning? Read the article to find out. By the way, if you do a lot merger, that is 100% as-of-right because you're still respecting the zoning ordinance. https://lnkd.in/eY35KVaz #lotmerger #realestate #definitions #zoning #NYC