, , , , , Posted by on

Investors Eye Industrial Assets With Shorter WALTs As Capital Costs Rise

Industrial assets with shorter weighted average lease terms, known in industry parlance as WALTs, are becoming more attractive to investors as leases set to roll in the near term increasingly pose the opportunity for “substantial” income gains, according to new research from Newmark.

The firm notes that nationally, market rent growth has “far surpassed” industrial rent increases for deals inked five to ten years ago.
Continue reading

, , , , Posted by on

Data Center Operator Buys Beacon Station Property For $13.7M

data center_canstockphoto2884049 1200x600

Herndon, Virginia-based EdgeConneX will soon build a data center in western Miami-Dade County after purchasing land in the Beacon Station business park.

PFR Investments LLC, managed by Juan Manuel Fayen in Doral, sold the 6.25-acre site near the southwest corner of Northwest 106th Street and Northwest 112th Avenue for $13.7 million to EdgeConneX Miami Holdings, care of EdgeConneX.

The price worked out to $2.19 million per acre.

Continue reading

, , , , , , , , , , Posted by on

Industrial Real Estate Rents Take Flight Near Airports

Industrial real estate near airports in the nation’s most densely populated areas could be attractive investments for 2023.

With transportation accounting for up to 70% of overall supply chain costs, businesses are increasingly locating their distribution centers closer to airports, according to CBRE Supply Chain Advisory.
Continue reading