Michelin Buys Wilmington Distribution Center for $151M
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed industrial deal value tracked in October 2026: $2.1B across 23 reported transactions. All Industrial coverage →
Computed from Real Estate Trail’s own tracked coverage
Silver Creek Development has sold a 2-million-square-foot industrial facility and an adjacent land parcel to Michelin North America for $151 million. Located at 29900 S. Graaskamp Blvd. in Wilmington, about 60 miles s…
External link. Real Estate Trail does not republish source content.
Related coverage — Industrial
Commissioners approve Churchill Hazen Industrial Park service plan
CMMB opens new Distribution Center at Brethren Service Center to boost global medicine access.
Publix distribution center in Jefferson County among new $1M+ building permits
News | Crescent signs anchor lease in Fairfield, Ohio, distribution center
CBRE Acquires Data Center Equipment Provider Onnec Group for $610M
CBRE is continuing its investment into data centers with a new all-cash acquisition. The real estate services and investment firm has acquired Onnec Group Limited , a London-based data center equipment provider, for $…
Construction’s other news? Infrastructure projects, funding keep coming
Despite a blizzard of data center construction projects dominating headlines, infrastructure builds have also been moving ahead as funding initiatives in the sector continue to evolve.