UPS Signs Lease for Million-Square-Foot Pennsylvania Warehouse
What can brown do for you? Apparently, it can fill a 1 million-square-foot warehouse along Route 33 in Palmer Township, Pa.
Massive Logistics Hub Planned Near Dallas as Region’s Industrial Real Estate Market Steams Ahead
Grand Prairie, Texas, will be home to a 401,577-square-foot logistics center by the beginning of 2019, one of many new commercial developments popping up in the western Dallas suburb.
Americold Abandons Plan to Build Warehouse on Maine Waterfront
International cold-storage company Americold has abandoned a plan to build a massive refrigerated warehouse on the Portland, Maine, waterfront.
Amazon Eyeing Another Big Shipping Hub South of Dallas
Digital retail giant Amazon is growing its footprint again in North Texas.
Metro Supply Chain Group Expands Home Delivery, Warehousing Operations in Canada
Metro Supply Chain Group has completed two acquisitions designed to boost its home delivery services and expand its warehousing and distribution operations for consumer packaged goods in Canada.
Blackstone to Acquire Gramercy Property in $7.6 Billion Deal
Blackstone Group agreed to acquire Gramercy Property Trust, which owns industrial real estate in the United States and Europe, in a cash deal valued at $7.6 billion.
Kansas City-Area Warehouse District Gets OK for Expansion
A fast-growing industrial park in southern Johnson County, Kan., will get even bigger, jumping from north of Interstate 35 to south of the freeway.
Stord Receives $2.4 Million in Venture Capital Funding
Stord, a company launched two years ago by teenage entrepreneurs Sean Henry and Jacob Boudreau, has received $2.4 million in venture capital funding from a group of investors led by Chattanooga, Tenn.-based Dynamo.
Ivanhoe Cambridge Targets Canadian Warehouse Space in Amazon Era
Ivanhoe Cambridge Inc., the real estate arm of one of Canada’s biggest pension funds, plans to increase its assets by a third with a bet on the booming warehouse space.
Warehouse Theft Nets 20,000 Cases of Beer
Crooks on March 12 stole about C$500,000 worth of beer, pepperoni and dried beef in a theft from a warehouse in Boucherville on Montreal’s South Shore. Police report the thieves are attempting to sell the haul to businesses across two Canadian provinces.
April 16, 2018