Posts tagged Industrial Real Estate
Blue Ox, who is known for its towing products, are expanding their local warehousing into 40,000 square feet at 4021 N. 27th Street.
Blue Ox, headquartered in Pender, Nebraska, opened the Lincoln engineering facility in 2010 at 23rd & Fairfield to focus efforts on the design of new products and improvements to the company’s existing product line of towing products, hitches, braking systems, steering controls, carriers and fifth-wheel accessories. Blue Ox maintains its manufacturing and product support at its Pender facility.
Sally DeLair and Marc Snow, NAI FMA Realty, represented the landlord in this transaction.
Matt Olberding with the Journal Star wrote on Lincoln’s retail market and quoted our recently released 1st Half 2012 market report. Read the full article “Local retail market continues to improve“.
Rare Earth Solar, a venture company developing new solar panel technology, is looking for a site to become its headquarters for a solar panel manufacturer.
Chris Vasek, sales associate for NAI FMA Realty told the Beatrice Daily Sun, it has narrowed the scope of its future location to “somewhere in southeast Nebraska”. One location under consideration is the former Husqvarna building in Beatrice. The lawn mower company vacated the 274,000 square foot building at the end of 2010. The other sites were not disclosed at this time.
To read the full article published in the Journal Star, click here.
The report states that many of the U.S. CBD markets will see rising asking rents. Large, “24-hour” cities such as Chicago, Washington D.C., Dallas, New York, Miami and San Francisco are already experiencing rising rents. The stronger secondary markets will experience it next.
The Lincoln market remained fairly stable in regards to asking rates over the past few years. To attract new tenants, landlords were competitive by offering free rent and higher tenant improvement allowances versus dropping their asking rent.
Commercial real estate mortgages that are maturing by the end of 2012 can now turn to the U.S. Small Business Administration for help to refinance the loan. SBA is accepting refinance applications for long-term, fixed-rated loans under the SBA 504 program. Loans under this program can be for up to 40 percent of the appraised property value. Applicants must provide at least 10 percent down and the balance must come from another source of funds such as a community development corporation.
For more information, check out www.sba.gov. (Source: REALTOR magazine)
Business activity in the U.S. unexpectedly accelerated in September, a sign manufacturers are still at the forefront of the recovery. To read the entire article, click here. (Source www.bloomberg.com. Picture by Jim R. Bounds.)
10,400 square foot warehouse for lease in central Lincoln at 3025 Apple Street. Warehouse is heated and includes four garage doors, office, dock, and yard space is available. $2.95/sq.ft. NNN Contact Marc Snow at 402-441-5819 for further information.
The 2nd Half 2009 Lincoln market report was released last Thursday and shows that vacancy rates are starting to stabilize. The office market had the greatest increase in the overall vacancy which jumped to 10.4 percent from 9.3 percent at the end of Jun 2009. The retail market showed only a slight increase from 8.7 percent to 8.8 percent. And industrial actually decreased from 12.1 percent in June 2009 to 12 percent at the end of the year despite having the largest amount of available space on the market. The good news out of all of this is that Lincoln is fairing better than the national average for all sectors.
On Saturday, January 30th, the Journal Star featured an article “Report: Vacancy rates stabilizing” written by Matt Olberding in the Business section of the paper summarizing the findings from the report. Thank you to Matt for giving us some press time.
NAI FMA issues a market report twice a year to provide information on how the local commercial real estate market faired during the past six months and discusses the trends we see out in the market place. All existing office, retail and industrial buildings are included except those that are government- or university-owned and occupied.
Feel free to contact us to discuss the report further or add you to our email list to receive the report directly to your inbox
OnTrac Messenger, a courier service for letters and packages, is relocating their Lincoln location to 5600 N. 58th Street, Ste. 1. Richard Meginnis represented OnTrac Messenger on their new lease.