Global Logistic Properties, the second-largest owner of U.S. industrial real estate, agreed to buy $1.1 billion of warehouses from Hillwood Development Co.
September 13, 2016Government, Business
Global Logistic Properties to Buy US Warehouses for $1.1 Billion
Government, Business
Is the Next 'Inland Empire' in Pennsylvania?
With its proximity to the ports of New York, robust interstate system and rapid growth in distribution centers, the Lehigh Valley in Pennsylvania could be poised to become the nation's second "Inland Empire" for freight.
September 9, 2016Government, Business
Honeywell to Acquire Warehouse Automation Firm Intelligrate for $1.5 Billion
A privately held Ohio-based supply chain and warehouse automation company will be purchased for $1.5 billion.
July 6, 2016Government, Business
Kion to Acquire Warehouse Robot Firm for $2.1 Billion
German forklift maker Kion Group AG agreed to buy robot maker Dematic for about $2.1 billion to expand in the United States and tap demand from Amazon.com and other online retailers as they look to automate warehouses.
June 24, 2016Government, Business
Retailers Fuel a Warehouse Boom, Racing to Keep Up With Amazon
The first thing online clothing reseller ThredUp did after clinching a new round of funding last year? Hunt for strategic warehouse space to get the goods to customers as fast as possible.
May 24, 2016Government, Business
Global Logistic to Buy 200 US Warehouses for $4.55 Billion
Global Logistic Properties Ltd. agreed to buy more than 200 warehouses from Industrial Income Trust Inc. for $4.55 billion in a deal that will make it the second-largest owner of U.S. industrial real estate.
July 29, 2015Government, Business
Lineage Logistics Acquires Two California Cold-Storage Facilities
Lineage Logistics said it has acquired two cold-storage facilities in Santa Cruz County, California, from Dreisbach Enterprises. Terms were not disclosed.
July 8, 2014