The bumpy terrain of the North Jersey Highlands again baffles development plans for approximately 35 densely forested acres near the Interstate 287 interchange in Wanaque. On Thursday, members of the Passaic County Planning Board refused to approve a planned 272,000 square foot warehouse rising 48 feet between the backyards of Greenwood Avenue and the Passaic […]
Amazon could move into Newsday’s former headquarters in Melville. Amazon has signed a 10-year lease for a new 276,500 square foot warehouse at 90 Ruland Road in Melville (also known as 235 Pinelawn Road North), through Suffolk County Industrial Development Agency paperwork, reported Long Island Business News. “Although this potential project is still in its […]
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CAMBRIDGE – The developer behind a controversial MZO-led warehouse project in Blair wants to demolish three properties on Old Mill Road. Broccolini Real Estate Group, which now operates as 140 Old Mill Road Limited Partnership, is also demanding exemptions to policies that dictate new construction in the Blair Village Heritage Conservation District. On Thursday, Cambridge’s […]
True Fashionistas Designer Consignment and Resale launched its new store on Monday in an expanded space that includes a designer handbag and shoe lounge as well as a fashionable couture space in the Galleria Shoppes at Vanderbilt in North Naples. True Fashionistas co-owners Jennifer and Brad Johnson are promoting their new 13,000 square foot store […]
Designed by Green River Project, the interiors company co-founded by Bode’s husband and collaborator Aaron Aujla, Bode LA doesn’t look like a store at all, aside from the dozens of lace shirts, embroidered jackets and sweaters in cashmere hung on the shelves. . “We wanted you to feel like you’re entering a museum,” says Aujla. […]
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The Container Store benefited from the pandemic’s lifestyle changes as Americans tried to put their lives in order by tackling the kitchen trash drawer or embarking on elaborate closet renovations. The cleaning of closets, cabinets, pantries, home offices, and garages hasn’t stopped, and these efforts have brought in more competitors in the $20 billion-a-year organization […]
PLENTY OF SPACE AND DON’T TRY TO PASS IT. MARV:IS AMAZON PLANS ITS FIRST BRICK AND MORTAR STORE IN LOUISVILLE. THE E-COMMERCE GIANT SHOP LAST WEEK FOR A STORE IN CENTRAL OXMOOR. EVERY EVYER PRODUCT IN THE STORE IS RATED FOUR STARS AND ABOVE BY THE CUSTOMER Amazon is planning its first physical store in […]
A new warehouse complex near the Las Vegas Motor Speedway has sold for more than $120 million as demand for industrial buildings shows no signs of slamming on the brakes. Developer CapRock Partners announced this week that it has sold a two-building, 684,000-square-foot project in north Las Vegas near the 215 Beltway-Interstate 15 interchange. The […]
Streetsboro is now home to the headquarters of Gebhardt USA Inc., which designs the software and hardware used by companies to move products through large warehouses and distribution centers. “We signed the contract on July 19,” said Klaus-Dieter Wurm, president and CEO of Gebhardt USA, part of Gebhardt International. “We took possession on December 13, […]
The number of Americans buying all types of groceries online almost doubled in 2020 according to a consumer study by NielsenIQ. To meet the growing demand for specialized refrigerated and frozen products, Seafrigo Group, a global specialist and leader in temperature-controlled food logistics, announced the opening of a new dedicated facility in New Jersey in […]
VanTrust Real Estate sold the 1.1 million square foot Amazon.com center it developed in Imeson Park to a California investor for $ 103.5 million. Through JI Imeson Industrial Building E LLC, VanTrust on December 17 sold the distribution center located at 10501 Cold Storage Road to LBA Realty in Irvine, California. LBA Realty has formed […]
City and region conduct traffic impact assessment review for Blair mega warehouse The group opposed to a massive ecommerce warehouse in Blair knows their concerns don’t necessarily resonate with the majority of Cambridge residents. Traffic, however, has the potential to impact all drivers and taxpayers in the area. That’s why Tim Armstrong and other Blair […]
Modern Shipper launched in February with a mission to highlight the last mile of the ever-growing supply chain. Throughout the year we have learned a lot and our readers have helped us inform us about many more. Thinking back to the current year, many stories resonated with our readers, from drones to automation, from gig […]
Just one year after a record number of stores closed permanently at the height of the pandemic, the retail store has made a comeback, with more store openings than closures in 2021. This year through Dec. 16, major retailers have announced 5,083 store openings versus 5,079 store closures, signaling that retailers are striking a balance […]
LAKELAND – Discount grocery retailer Aldi is further expanding its footprint in Polk County. Aldi (Florida) LLC is in the process of building its second Lakeland store, a 19,209 square foot location on the site of the former South Lakeland Golden Corral, 4532 S. Florida Ave., according to city records. The grocer has also expanded […]
TerraLeaf, a Pennsylvania-based women-owned cannabis operator has expanded to West Virginia to open a new education center in Huntington, West Virginia, which will provide cannabis education to employees the company and the community at large. The 5,000 square foot education center hosted a VIP ribbon cutting ceremony on December 6 ahead of its open house […]
An industrial complex pre-let to Amazon in Coral Springs, Florida, sold for a total of $ 91.8 million, according to property records. The property, Coral Springs I and II Shopping Center, spans two one-story warehouses located on a section of the Sawgrass Highway that borders the Everglades National Park. The e-commerce giant will be hosted […]
Gregg Smith, founder of Evolution VC Partners, a venture capital firm that invests in cultural tech companies, says the move would create “enormous value” for shareholders. Amazon has said it will rebuild its warehouse in Edwardsville, Ill., Which collapsed after a deadly EF-3 tornado ravaged the region over the weekend. AMAZON ENTRY COLLAPSE: 6 DEAD […]
New Delhi [India], December 10 (ANI / ATK): In an effort to completely revolutionize the grocery shopping experience in Delhi’s vibrant culture, Fair Shop has launched the second of its many upcoming branches in Paschim’s Jwala Heri Market Vihar on December 9, 2021. The first branch located in Kailash Colony, Delhi was an instant success […]
Bob Andrews (Senior Vice President, Regional Manager, CenterPoint Properties) & 19875 Pacific Gateway Drive (Google Maps, centerpoint.com) CenterPoint Properties continues its year-end acquisition campaign in Southern California with a buyout from Torrance. The Chicago-based company acquired a 66,566 square foot industrial property from 19875-19899 Pacific Gateway for an undisclosed amount, according to LA Biz. The […]
This has been dubbed the ‘sticker shock’ for logistics warehouse tenants, but given the extreme tension in industrial real estate and the upward trends in demand seen for the rest of the decade, the prospect of A surge in renewal rates for multi-year warehouse leases should come as no surprise. That said, the scale of […]
Amazon won’t confirm it, but it looks like giant Seattle The retailer could occupy the planned 1.35 million square foot warehouse and distribution center south of Boise Airport. Renderings of the proposed building show the same sky blue color used in Amazon’s Prime logo and on other Amazon warehouses, as well as grays and browns. […]
A new co-warehousing company for digital commerce platforms has filed for a special use permit to operate at 4700 Eisenhower Avenue. With the rise of e-commerce in Alexandria, Colorado-based Saltbox, Inc. filed the permit for light assembly, services, and crafts on November 15, and the last day for public comment is the December 15. Saltbox, […]
X Sign up for free to receive the latest news straight to your inbox Register now Logistics real estate giant Logicor has acquired a 951,000 square foot logistics warehouse on a 38.5 acre site in Daventry. The 951,000 square foot property, purchased from a joint venture managed and co-owned by Oxenwood Real Estate, has good […]
MDH Partners fully leased a 127,600 square foot warehouse in Olive Branch to Farmers Business Network Inc. Built in 1994, the property is located at 10630 Marina Drive and offers 24 ‘headroom, 12 exterior dock doors, 50’ x 50 ‘column spacing and 118 surface parking spaces. MDH Partners purchased the vacant building in 2019 and […]
A bustling local business is set to migrate and pollinate a new location in Chippewa County. The Hive, a clothing boutique / store in Hallie, will be relocating in early 2022. Co-owners Alyssa Tollefson and Lexi Dawson will move the business to 1515 Main Street in Bloomer, and Indigo Waters Therapy and Retreats will sublet […]
If the deal goes through, Dermody will likely look to radically transform a corporate campus at 2775 Sanders Rd. Which Allstate has called home since 1967. Allstate revealed last month that it plans to sell the property and its few. 1.9 million square feet of buildings as it embraces the rise of remote working brought […]
Amazon getting ready for another Amazon fresh store in Northern Virginia. The e-commerce company leases 45,035 square feet from Place du Manoir Sudley, a shopping center in Manassas, Va., according to permits filed with Prince William County. The grocery store will be located at 7807 Sudley Road, one of three stores replacing a 104,690 square […]
Federal Real Estate Investment Trust FRT is expected to release its third quarter 2021 results on November 4, after the bell. The company’s quarterly results will likely show increases in income and operating funds (OFOs) per share. During the last quarter published, this retail real estate investment trust (“REITâ€) recorded a surprise of 21.55% in […]
Officials in the city of Oakville said Amazon Canada informed them on Monday that a scheduled 24-hour delivery station in the north of the island had been officially abandoned due to community concerns over traffic. . The revelation comes just days after protesters marched along Cornwall Road to raise awareness of the online giant’s initiative […]
A flooring retailer that opened its first store in Lancashire in July has exceeded its first month sales targets. Flooring Superstore opened a new store at the Capitol Center on London Way, Preston, at the end of July, and following the £ 200,000 investment in the 4,080 square foot unit, the company exceeded its target […]
Credit: (AP Photo / Jenny Kane)May 18, 2021: A warehouse in New Jersey; industrial space under construction, almost all of which was for warehouses, reached 13.9 million square feet in the last quarter, compared to 13.4 million in the second quarter of 2021. Rents surged and vacancies fell to an all-time high for warehouses and […]
A huge warehouse and distribution facility is planned on 120 acres south of Iowa Highway 141 in the Woodward Eco-Business Park in Woodward. Woodward City Council this week approved the site plan for a 1,080,300 square foot building with 98 loading docks and parking for 392 trailers and 727 vehicles. Construction on the facility, which […]
HELLO and welcome to the AM Business Briefing as official figures revealed a contraction in the UK economy in July followed by growth in August as the complete lifting of coronavirus restrictions boosted events and hospitality . The Office for National Statistics said gross domestic product increased 0.4% between July and August. Data showed further […]
James Connor, CEO, Duke Realty; Render of 1532 South Vineyard Avenue (Duke Realty, iStock) Duke Realty leased a dedicated nearly 200,000 square foot warehouse in the Inland Empire to an e-commerce wholesaler months before the development opened. The Indianapolis-based REIT has signed a long-term lease with Yahee Technologies on the warehouse at 1532 South Vineyard […]