August 5, 2019 PepsiCo distribution facility coming to southeastern Indianapolis, IN Source: Mickey Shuey, Indianapolis Business Journal Developer Scannell Properties has plans to build a $14.5 million distribution and warehouse facility in southeastern Indianapolis. The warehouse will be constructed for PepsiCo Inc., which currently has several facilities around the city. The facility will …
August 1, 2019 New tenant signs lease in Tampa, FL last-mile fulfillment center Source: Ashley Gurbal Kritzer, Tampa Bay Business Journal Harper Limbach has signed a lease for over 31,000 square square feet of space in the downtown Tampa Fulfillment Center. The company delivers mechanical, electrical, and plumbing control systems. The property, which …
July 31, 2019 East Baltimore, MD warehouse sells for $7.8 million Source: Melody Simmons, Baltimore Business Journal A 200,000-square-foot warehouse in East Baltimore has sold for $7.8 million. The property was purchased by SK Realty Management, an investment firm based in New York. The property is located a few miles from the Port …
July 18, 2019 Food distribution warehouse breaks ground in Jessup, MD Source: Melody Simmons, Baltimore Business Journal The North Atlantic Fish Co. is building a new 70,000-square-foot warehouse in Jessup. The facility is expected to create 50 jobs, which will bring North Atlantic’s workforce in the industrial hub up to 275 employees. …
June 10, 2019 Warehouse real estate market in Baltimore-Washington area posts $600 million in sales in only 6 months Source: Melody Simmons, Baltimore Business Journal According to data from Cushman & Wakefield’s Baltimore office, the industrial sector of the Baltimore-Washington real estate market has posted $600 million in sales so far this year. The …
June 6, 2019 NYC-based Blackstone strikes record $18-billion deal for warehouse real estate Source: Antoine Gara, Forbes.com New York City-based private equity firm Blackstone has closed an $18.7 billion deal for warehouse real estate. The company purchased the U.S. assets of Singapore logistics company GLP. The purchase is the largest real estate deal …
June 5, 2019 $15 million industrial park development coming to Pineville, NC Source: Ashley Fahey, Charlotte Business Journal Developer Beacon Partners is set to break ground on a 230,600-square-foot industrial building outside of Charlotte, NC. The warehouse facility will sit on a 46-acre parcel. The development is scheduled for completion in 2020. The …
May 16, 2019 436 warehouse workers to be terminated after logistics contract change in Plainfield, IN Source: Staff, Indianapolis Business Journal Neovia Logistics Services LLC is taking over the service contract at a Whirlpool distribution facility near the Indianapolis International Airport. Ryder Integrated Logistics, who formerly held the contract, plans to terminate 436 …
April 29, 2019 Bradley Airport sees spike in e-commerce freight out of Windsor Locks, CT Source: Sean Teehan, HartfordBusiness.com Supply-chain companies out of Bradley Airport handled 16% more freight and mail shipped through the airport than in 2017. The companies include FedEx, DHL, and Pinnacle Logistics. Pinnacle Logistics alone employs about 200 people …
March 27, 2019 Amazon to expand its distribution hub in Baltimore, MD Source: Melody Simmons, Baltimore Business Journal Source: Ryan Sharrow, Baltimore Business Journal Amazon is leasing a 248,000-square-foot warehouse space in southeast Baltimore’s Port 95 Industrial Park. The move will expand Amazon’s Baltimore distribution hub. Amazon will share the warehouse complex with Johns …
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