Happy 4th of July

The amount of news this past week seemed to have been shortened by the 4th of July celebrations.  Nevertheless, there were still many new developments in the world of supply chain real estate.  I hope all of you had a wonderful weekend.

Real Estate

  • General Motors has reportedly narrowed the field of potential purchasers to four for its 250 acre plant in Janesville, Wisconsin.  Majestic Realty, Industrial Realty Group, Commercial Development Company, and Hilco Redevelopment were all named as the possible suitors. (Beloit Daily News)
  • Radial, Inc. (formerly Ebay Enterprise and GSI Commerce Solutions) sold its 900,000+ SF of Louisville, Kentucky facilities for $52.3M to Black Creek Group, a Denver-based industrial investment firm.  (Louisville Business First)
  • Rents for multi-tenant industrial space grew faster than any other property type in 2015.  Fueled by e-commerce demand, industrial availabilities have declined to their lowest level since 2001. (JOC)

Material Handling

  • Technological advancements are steadily reducing the need for humans within the warehouse.  However, most companies  are not ready to go to exclusively “lights out” facilities. (DC Velocity)
  • The internet of things (IoT) is holding substantial promise in the retail sectors.  From how items are connected in the store to the supply chain, IoT may revolutionize the retail experience by creating a network of customers, suppliers, assets, and external entities. (CIO)
  • Honeywell has agreed to acquire Intelligrated, a designer, manufacturer, and installer of material handling technologies and software for $1.5B.  Intellegrated will become part of Honeywell’s Automation and Control Solutions business. (Modern Materials Handling)

Published by

Chuck Berger

I partner with industrial companies to develop real estate strategies and solve real estate challenges. Based in Orange County, California, USA. Find me on Twitter @chuckberger and on LinkedIn at www.linkedin.com/in/chuckberger

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