News
B-W CORRIDOR: STEADILY IMPROVING
May 24, 2011
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| That's how First Industrial Realty East Coast head Peter Schultz yesterday described the industrial market. Demand from government contractors, consumer products, and third-party logistics providers is picking up, he says, though uncertainty about gas prices, consumer confidence, and economic growth means tenants take a long time to make decisions. Peter tells us First Industrial is putting cash into redeveloping some of its existing area properties to attract higher-finish users. He says an abundance of capital is available for the right assets. Earlier this month, his firm closed a $178.3M secured financing deal for 32 of its properties at 4.45% and a 70% LTV. Sign up today to hear Peter speak at our Baltimore Industrial Real Estate Summit on June 7. He'll be joined by an all-star cast from ProLogis, Liberty Property Trust, CBRE, Transwestern, and more. |
