Trade & Industry Development ’s Post

Unanchored Strip Center? ✔ Off-market? ✔ Stabilized? ✔ In tax-friendly Florida? ✔ Seeking immediate offers on an off-market, medical strip center in the Jacksonville MSA. Property also includes a small, two-tenant office/retail building with frontage on a separate parcel. Deal is 100% occupied with stable cashflow from variety of medical tenants on staggered leases. ✔ Long-term leases (with some leases not expiring until 2029). ✔ Two buildings on separate parcels, totaling just over 35,000+ RSF (new owner can easily sell off each deal as desired) ✔ Diversified and staggered lease expirations from 5+ tenants in 2026, 2027, 2028, 2029 ✔ Great location with more than 52,000+ cars passing by daily ✔ Above-market parking ratio ✅ Ownership realistic on pricing, looking for offers in the ~7.5%-7.9% cap range and motivated. Pricing near $9.5m. Email for details and to submit an offer: thevin@cpprealty.com

Carpetright to cut over 1,500 jobs despite rescue agreement. Carpetright: Over 1,500 Jobs to be Cut Despite Rescue Agreement with Tapi In a significant development in the retail industry, Carpetright, a leading flooring retailer, has announced that it will be cutting more than 1,500 jobs despite securing a rescue deal with rival firm Tapi. This announcement has sparked widespread discussion and has quickly become one of the most trending topics on Google search today. For more detailed information, you can refer to this news article. The Rescue Deal Carpetright, known for its extensive range of carpets, flooring, and beds, has been struggling financially for several years, primarily due to […] https://lnkd.in/dV227zSi https://lnkd.in/d6Mpm8gg

Greater Brownsville invites qualified submissions to shape the future of the Greater Brownsville #Business & #Commerce Park - 700 acres of #prime property! This Request for Interest (#RFI) aims to establish a public-private partnership for a Phased Master Plan Development aligning with Greater Brownsville's and City of Brownsville's vision. Strategically located along key routes to new employment clusters and the Port of Brownsville, the Greater Brownsville Business & Commerce Park aims to generate #primaryjobs. This urban mixed-use development will feature Class A commercial and office buildings, as well as #advancedmanufacturing spaces for multiple industries such as #aerospace, #robotics, 3D and 4D printing, and food processing. The project will also include restaurants, entertainment venues, educational facilities, multi-family structures (if dense and vertically structured), retail outlets, open spaces, and other amenities to enhance the overall environment. Key Objectives: - Propose a development plan integrating business and commerce with advanced manufacturing. - Offer a mix of uses to create a vibrant community and economic hub. - Attract national and international companies to relocate to Brownsville. - Create pedestrian, transit, and bike-friendly areas connected to local and regional trails. 👉🏻 Learn more: https://lnkd.in/gC_bUExE 🔴 Submissions are due by 3:00 p.m. CST on Friday, April 19, 2024. Please send it to Bret Gardella, Executive Director, at submittals@greaterbrownsville.com. #rfi #businesspark #commercialpark #developeropportunity

"Reno Warehouse Campus Sold by Altus for 1.1M Square Feet" Read the full article below..

Q4 2023 Milwaukee Industrial Highlights: ‒The vacancy rate increased to 4.6% and the availability rate decreased to 5.8% while the average asking lease rate decreased to $5.20. ‒The market saw 470k sq. ft. of positive absorption during Q4 2023. User tenants including Saputo and ABB contributed significantly to the positive absorption, moving into a combined 588k sq. ft. in Franklin and New Berlin. ‒There were 10 deliveries in Q4 2023, totaling approximately 2.1 million sq. ft. Included were 6 speculative (spec) projects. ‒There are approximately 5.2 million sq. ft. of projects under construction in the market. ‒Investment sales accounted for approximately $101.5million of sales volume in Q4 2023. ‒This quarter the vacancy rate for Milwaukee Industrial hit 4.6% - the highest it has been since Q3 2016. Much of the vacancy is limited to recently delivered Class A spaces in Kenosha and Racine. ‒Leasing activity showed two 100k sq. ft.+ new leases this quarter including HARIBO of America, and Green Bay Packaging Partners Fulfillment while the majority signed were under 100k sq. ft.

Greater Brownsville invites qualified submissions to shape the future of the Greater Brownsville #Business & #Commerce Park - 700 acres of #prime property! This Request for Interest (#RFI) aims to establish a public-private partnership for a Phased Master Plan Development aligning with Greater Brownsville's and City of Brownsville's vision. Submissions from a single entity or team will be referred to as the Development Team. Strategically located along key routes to new employment clusters and the Port of Brownsville, the Greater Brownsville Business & Commerce Park aims to generate #primaryjobs. This urban mixed-use development will feature Class A commercial and office buildings, as well as #advancedmanufacturing spaces for multiple industries such as #aerospace, #robotics, 3D and 4D printing, and food processing. The project will also include restaurants, entertainment venues, educational facilities, multi-family structures (if dense and vertically structured), retail outlets, open spaces, and other amenities to enhance the overall environment. Key Objectives: - Propose a development plan integrating business and commerce with advanced manufacturing. - Offer a mix of uses to create a vibrant community and economic hub. - Attract national and international companies to relocate to Brownsville. - Create pedestrian, transit, and bike-friendly areas connected to local and regional trails. 👉🏻 Learn more: https://lnkd.in/gSvhrDJj 🔴 Submissions are due by 3:00 p.m. CST on March 15, 2024. Please send it to Bret Gardella, Executive Director, at submittals@greaterbrownsville.com. #rfi #businesspark #commercialpark #developeropportunity

Did you know Chelsea Building Products operates 24/7? Even though it’s dark, we’re still working hard to manufacture and deliver the products you need. #manufacturing #partnership #productdevelopment #production #manufacturingfacility #innovation #alwaysworking #workinghard

Nestled in the vibrant heart of Fairbanks' industrial district, Gabe's Automotive stands as a testament to Alaskan ingenuity and enterprise. Sprawling across 2.9 acres, this iconic property, established in 1975, has grown into a landmark of automotive prowess and industrial achievement. Upon entering the gates of Gabe's Automotive, you're greeted by a vast expanse that tells a story of growth and innovation. The property comprises three substantial industrial lots, each echoing a history of hard work and success. At the core of this complex is a 10,355 sq. ft. combined building, a hub of activity where business thrives. The heart of Gabe's Automotive beats in its two large, fully-equipped shops. Each shop is a symphony of industry, with lifts that have raised countless vehicles and tools that have fixed innumerable problems. The tow trucks stand ready, symbols of reliability and service, while shelves lined with parts speak of countless repairs and maintenance. Adjacent to these shops is an office building. Here, the administrative tasks happens, ensuring the seamless operation of a business that boasts an annual gross income of $1.7 million. Two storage units stand nearby, storing equipment and spare parts, while an open-air shed offers additional space for larger projects or storage. The story of Gabe's Automotive is not just told through its structures and equipment, but also through its vast parking area. This space has welcomed a multitude of vehicles over the years, each finding a temporary home in this industrial haven. A virtual walk-through is available, inviting you to step into this world of industry and explore its every corner. As you journey through this virtual tour, imagine the bustling activity, the hum of engines, and the clatter of tools - the daily symphony of a thriving automotive business. Gabe's Automotive is not just a property; it's a legacy. A legacy waiting for its next custodian, someone ready to write the next chapter of this Alaskan industrial saga. With its rich history, robust income, and comprehensive equipment, this property is an investment in a future of continued success and innovation. Lastly the Seller is willing to Owner Finance under the right terms and circumstances. #BusinessOpportunity #SellingFairbanks #SellingAlaska #CommercialListing #Mechanic #Investor #FairbanksRealEstate

After 2023 comes to a wrap, Avison Young takes a deeper dive into the current Chicagoland Industrial Market! The Chicago industrial market has experienced a significant decline in construction due to factors such as rising interest rates and economic uncertainty. This decline is expected to result in a shortage of new inventory in the next 18-24 months. Currently, there is 20 million square feet (msf) under development, which is a 46% decrease from 2022, and 70% of the development is speculative. The scarcity of new supply is anticipated to drive rental growth in the market. In 2023, leasing activity in Chicago decreased compared to previous years, with 41 msf leased, representing a 38% decline from 2022 and a 47% decrease from the all-time high in 2021. The market also experienced a modest rise in vacancy, but it is expected to stabilize in 2024. Despite these challenges, the Chicago industrial market continues to see strong rental growth, increasing by 11.9% from 2022. The average starting rents in 2023 were $7.90 NNN. This rental growth highlights the attractiveness of the Chicago market to businesses seeking industrial spaces, as it benefits from its strategic location as a distribution point with a robust transportation network. If you are interested in learning more or have any CRE needs, please reach out! Adam Haefner Zeke Rowan Marty Mikaitis #Industrial #CRE #AvisonYoung #Warehousing #Distribution #Manufacturing #Chicago #realestate

Great offering Evan Lyons #nnn #nn #valueadd #pricereduced #pricereduction #retailrealestate #retail #singletenant #multitenant #industrial #industrialrealestate #maceo #kentuckyrealestate #kentucky #encorerealestateinvestmentservices #encorecommercialrealestate #encore #encorereis