Wonderful Real Estate Trades 1.1M-SF Industrial to Global Technology Company
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
The Wonderful Company announced that its Wonderful Real Estate business has completed the sale of 5104 Express Ave. to a major global technology and e-commerce company. The newly constructed 1,088,047-square-foot, Cla…
External link. Real Estate Trail does not republish source content.
Related coverage — Industrial
Ross Stores plans to build new distribution center in Bakersfield, investing $500M
Ares, PSP Investments establish JV to invest up to $2.4b in U.S. logistics real estate
Ares Management, PSP Ink $2.4 Billion Logistics Real Estate Venture
Ares and PSP Investments Establish Joint Venture to Invest Up to $2.4 Billion in U.S. Logistics Real Estate
CIBC Supplies $102M Refi for SkyREM Industrial Portfolio
Real estate investment firm SkyREM has secured $101.8 million to refinance a 1.9 million-square-foot industrial portfolio across the East Coast, Commercial Observer has learned. CIBC provided the nonrecourse financing…
Access to Power and Infrastructure Redraw Map for Data Center Development
As data center development across the Americas reaches a record 37.7 gigawatts under construction, access to power and infrastructure is playing an increasing role in determining where that growth can occur, Cushman &…