ValueXpress has arranged a $945,000 loan from a N.Y.C.-based community bank for the purchase of a 5,000-square-foot industrial building constructed in 1930. The structure will be renovated and converted to mixed-use retail and warehouse space. Both the community bank and the buyer are repeat clients … [Read more...] about VALUEXPRESS OBTAINS $945,000 COMMUNITY BANK LOAN FOR THE PURCHASE OF A 5,000 SF INDUSTRIAL BUILDING FOR CONVERSION
Simon Property Group, the biggest mall owner in the United States, has reportedly been in talks with Amazon to turn some of the vacant anchor stores in its properties into fulfillment centers for the e-commerce behemoth, The Wall Street Journal reported over the weekend. The move makes perfect sense … [Read more...] about 8.6.20: WILL IT WORK TO CONVERT RETAIL SPACE TO INDUSTRIAL SPACE?
ValueXpress obtained a $6.1-million first-mortgage loan that was utilized to refinance existing debt secured by an 118,300-square-foot, 9-building warehouse facility located in the Naples, Florida Metropolitan Statistical Area. The property is currently 100% occupied by 21 tenants. The buildings … [Read more...] about ValueXpress Obtains $6.1-Million CMBS Conduit Loan for a 9-Building Industrial Park Located in Naples, FL
ValueXpress has arranged a $9.5-million CMBS conduit loan for the refinance of a multi-tenant industrial park located in Watkins, Colorado, which is approximately 25 miles east of Denver. The 299,835-square-foot property was constructed in 1970 as a single-user property. The sponsor purchased the … [Read more...] about ValueXpress Arranges $9,500,000 CMBS Conduit Loan for the Refinance of a Multi-Tenant Industrial Park Located in Watkins (Denver), CO
Secondary industrial markets are displaying demographic expansion, profitable lease rates and availability of developable land that has resulted in greater growth than primary markets, according to a recent report from Colliers International. Cincinnati, Indianapolis, St. Louis and the Lehigh Valley … [Read more...] about 7.24.18: Industrial in Secondary Markets Is Strong
Industrial warehouse real estate is one of the hottest sectors in commercial real estate this year, with e-commerce boosting demand. Many markets are reporting industrial building space is being gobbled up quickly, with Amazon leading the way. In New Jersey, 9.4 million square feet of industrial … [Read more...] about 6.9.17: Industrial Warehouse Buildings Are Hot!
In May 2016, CBRE Group, Inc. (CBRE) reported that developers saw a need for large industrial buildings in New Jersey and responded by developing speculative (not pre-leased) projects. While speculative development is very risky, tenants responded by gobbling up the space at a rapid rate. Demand … [Read more...] about 8.10.16: Demand for Industrial Space in New Jersey Continues to Soar