All tagged industrial

Central Valley Continues to Charm Logistics Buyers

STOCKTON, CA—Newport Beach, CA-based CT purchased the 345-acre industrial site for the 4.4 million-square-foot NorCal Logistics Center in May 2017 and has now completed the first phase development, including three spec buildings. The last to be completed is a 1.12 million-square-foot building, one of the single-largest speculative industrial buildings in Northern California. The second phase of development will begin toward the end of 2018 and include three additional buildings totaling approximately 1.6 million square feet.

Industrial Investors Are Getting Top Returns Today

Industrial investors selling today are making big returns, benefiting from a market that has rapidly grown over the last three years. Industrial investor CT recently capitalized off of the evolving market, selling a value-add industrial facility in San Diego to an owner-user. While the investor’s original business plan was to lease the asset after renovations, an owner-user offered to purchase the asset shortly after it hit the market. CT was able to secure significant returns from the disposition, profiting off of what it says was ideal market timing for a medium-box asset.