Property Types Industrial
Schafer Development Buys Jacksonville Raceway, Plans to Construct Industrial Business Park
July 1, 2008

Schafer Development closed on the former Jacksonville raceway, located at the intersection of I-95 and Pecan Park Road, with plans for a 1.5 million-square-foot Industrial Business Park. Operating as Gator Speedway, New Jacksonville Speedway and JAX Dragstrip, the property had most recently been owned in partnership by Lennar Homes and GMAC. The parcel had originally been earmarked for residential development but was stalled by the nation's difficult housing market.

 
Recent Industrial Headlines
ProLogis Announces Full Occupancy at 531,000-SF Houston Distrib Park
June 09, 2009
ProLogis announced today full occupancy at ProLogis NorthPark, a recently developed, four-building, 531,000- square-foot distribution park located in Houston.
Amid Continuing Market Decline, First Industrial Nabs $154M in Financing
June 08, 2009
Despite the ongoing weakening of industrial market fundamentals, banks are warming up to certain players like First Industrial Realty Trust Inc., which has just managed to get its hands on $154 million in the form of three loans secured by assets encompassing a total of 6.3 million square feet.
 
Select Coverage By City:

?CPN Executive Outlook? A roundtable discussion on market strategies with John C. Cushman III, Chairman of Cushman & Wakefield, Inc., Gordon DuGan, President and CEO of W. P. Carey & Co., and Mark Rauenhorst, Chairman and CEO of Opus Group.; CPN; Cushman & Wakefield; Gordon DuGan; John C. Cushman III; Mark Rauenhorst; Opus Group; W. P. Carey & Co.; Eugene Gilligan, Senior Editor for Commercial Property News interviews Bob Bach, National Director, Market Analysis Grubb & Ellis Company at Multi Housing World.; Bob Bach; Commercial Property News; Eugene Gilligan; MHN; Multi housing news; multi housing world; hompage