IAMC News Briefs—Week of December 5, 2022
By John Salustri
COMMERCIAL OBSERVER—3PL provider NFI Industries is now the proud owner of a 759,260-square-foot distribution center in Eastvale, CA, the result of a $220-million acquisition from Sares Regis. Underscoring once more the hot nature of the sector, Sares Regis picked up the center, formerly leased to Kmart, in 2019 for $87.5 million. Colliers brokered the sale for the seller.
https://commercialobserver.com/2022/12/industrial-sales-inland-empire-california-distribution-center-220m/
SUPPLY CHAIN DIVE—Amazon Web Services (AWS) has taken the wraps off a new cloud-based tool to help commercial users better navigate the supply chain. Reportedly, the application, dubbed AWS Supply Chain, “aims to help customers better understand their supply chain and make accurate decisions based on real-time information so they can mitigate risk, lower costs, reduce errors and provide flexibility.” The setup is currently being previewed in Northern Virginia, Oregon and Frankfurt, Germany. Lifetime Brands and Whole Foods are two users already taking advantage of the system.
https://www.supplychaindive.com/news/aws-supply-chain-pools-data-creating-supply-chain-visibility/637807/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202022-12-05%20Supply%20Chain%20Dive%20%5Bissue:46463%5D&utm_term=Supply%20Chain%20Dive
CBRE—The time is right for solar energy. As the industry faces the Biden Administration’s 2035 deadline for 100% decarbonization, photovoltaic systems promise a reduction in our reliance on the grid by as much as 80%. What’s more, solar can cut energy costs by as much as 95%. That’s a good thing since, over the past decade, the industrial sector has consumed 79% more energy than the rest of the commercial market, according to the US Energy Information Administration (EIA). Happily, respondents to CBRE’s recent occupier survey state they would pay a higher rent for green energy, particularly if it’s offset by operational cost reductions.
https://www.cbre.com/insights/briefs/solar-power-opportunities-for-industrial-real-estate
COMMERCIAL PROPERTY EXECUTIVE—In a deal brokered by JLL Capital Markets, Lincoln Property Co. has added the four-building Airpark West in Charlotte, NC to its portfolio. BentallGreenOak sold the 626,061-square-foot, class A park for $81 million. The park is situated in close proximity to Charlotte Douglas International Airport and the Norfolk Southern CLT Intermodal Terminal.
https://www.commercialsearch.com/news/lincoln-property-pays-81m-for-charlotte-industrial-portfolio/
CUSHMAN & WAKEFIELD—No sooner, it seems, do we put COVID behind us than new threats appear. The ongoing war in Ukraine leads the pack of manufacturing and supply chain risks now plaguing the industrial sector, according to Cushman & Wakefield’s “Global Manufacturing Risk Index 2022.” Economic pressures, labor and electricity costs also top the risk list. “The war in Ukraine has not only impacted the availability and cost of energy and commodities,” according to the report, “but has also heightened risk levels, especially economic and political risks, as the specter of rising costs and constrained economic activity raise social and political tensions.”
https://www.cushmanwakefield.com/en/insights/global-manufacturing-risk-index?utm_source=sfmc_gmc&utm_medium=email&utm_campaign=GLBL_Newsletter-Weekly-Digest_Email_12_06_2022&utm_term=https%3a%2f%2fwww.cushmanwakefield.com%2fen%2finsights%2fglobal-manufacturing-risk-index&utm_id=305830&sfmc_id=20558719&utm_campaign=