Posts tagged Industrial
Warehouse demand appears to be gaining velocity with some caveats. While the demand varies from market to market, demand is typically for less space. The static nature of the overall demand points in a positive direction for the marketplace. Tenants are taking care to secure data on landlords and lenders to ensure that they are well capitalized and can provide for occupancy standards. Smaller industrial assets are trading fairly steady within the owner-occupier segmentation. Investment trading continues as well but based upon more stringent metrics and return requirements.
As is typical, the industrial segment will lead the industry out of the real estate doldrums. The asset class is fairly less sophisticated then multi-family and office and retail remains a conundrum.
B-class assets and incubator vintage infill will be the first to lease as service companies and ancillary support companies will be buoyed by the improving economy.
NAI Global is offering approximately 38 properties via sealed bid in its fourth Commercial Property PowerSale™. The deadline for bids is April 14. The online sealed-bid sale is managed by NRC Realty & Capital Advisors, NAI Global’s alliance partner for online sealed-bid sales.
The Commercial Property PowerSale™ is an accelerated marketing program developed by NAI Global to match motivated sellers with investors and owner/users searching for prime investment opportunities. This unique marketing program gives sellers the opportunity to sell their asset quickly, reducing their holding costs and securing true market value for the property.
Interested buyers will have an opportunity to bid on industrial and retail/restaurant properties in 10 states. Large industrial properties include a 416,000 SF former Lenox plant on 56 acres in Galloway, NJ, near Atlantic City; a 238,000 SF industrial property on 40.6 acres near Chattanooga, TN; a 217,000 SF industrial facility in Salem, IN; and a fully entitled 300-acre mixed-use development opportunity in North Port, FL, between Sarasota and Ft. Myers.
The PowerSale™ also features 34 closed restaurants in Delaware, Florida, Georgia, North Carolina, Ohio, Pennsylvania and South Carolina, offered by a national lender. Building square footage ranges from 1,200 to 9,300 SF and includes former Wendy’s, Hardee’s, Boston Market, Golden Corral, Chevy’s, Waffle House, Roadhouse Grill, Pizza Hut, Sonic, El Pollo Loco, Popeye’s, Bennigan’s, Church’s, Papa John’s and more.
Prospective buyers and sellers interested in learning more about the Commercial Property PowerSale™ should visit NRC.com/PowerSale or call +1 800 747 3342 x102.
After approximately two years of reluctance for logistic properties, Germany’s investment market has been recovering in that sector in 2010. More >
Two of America’s largest cold storage landlords are expected to merge this quarter or first quarter of next year. More >