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Industrial Warehouses: Riding The “Last Mile”?

Despite leading economists’ forecast of a coming real estate slowdown, the demand for industrial space remains strong.

Competition is fierce as investors seek to capitalize on the growth of online retail and the resulting demand for “last mile” distribution centers, snapping up the dwindling supply of industrial properties, while others get creative with adaptive reuse projects.

However, industrial acquisitions, and distribution centers, present a specific set of challenges. Proper site selection and due diligence can go a long way towards protecting your investment.

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What Does The Heat Up In Big Industrial Transactions Portend?

It came out that Brookfield Asset Management Inc. is putting IDI Logistics, one of the world’s leading investors and developers of logistics real estate, on the block, according to Bloomberg News. While the asking price has not been disclosed, IDI Logistics, which was acquired by Brookfield for $1.1 billion in 2014, is expected to fetch about $5 billion.

Last year, Brookfield also sold Glazeley, a 33 million-sq.-ft. European warehouse business, to Singapore-based Global Logistic Properties for $2.8 billion.

This comes after DCT Industrial Trust, Inc., a publicly-traded REIT with 71 million sq. ft. of assets in all major U.S. distribution markets and a deep development pipeline, sold to Prologis, Inc. for $8.4 billion earlier this summer.

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