Signals of Resilience in the U.S. Economy
Recent earnings calls from major retailers suggest that consumer confidence, as expressed in total retail sales, is outperforming consensus expectations, while online shopping has also continued to post steady gains. This highlights a key element of resilience in the U.S. economy and supports the notion of continued growth and expansion of e-commerce infrastructure, a sector that shows every indication of
having a long runway ahead. Amazon’s recent pledge to double same-day delivery facilities provides further support.
In the coming weeks, we’ll be releasing some more in-depth commentary concerning the Dallas Logistics market. We’ve noticed that as the economy has cooled this year, much of the media commentary around this market has been, in our estimation, a bit off the mark. You can see a preview of this piece below (under Coming Insights). As always, thank you for being part of our network!
Leasing News
6321 E. Stassney Lane, Austin, TX 78744
BLP is pleased to report that in three short months since acquisition, we have fully leased our 72,000 SF warehouse located in the Expo Business Park in Austin, Texas. Thank you to Allen Lindow with CBRE for help in marketing this space for lease.
10808 6th Street, Rancho Cucamonga, CA 91730
We’re pleased to announce that existing tenant CNA Freight has expanded to occupy the remaining 30,800 sf of our building at 10808 6th St, Rancho Cucamonga, CA. CNA Freight now occupies all 175,291 sf of this facility. This brings BLP’s West Coast portfolio to 100% occupied.
We are thrilled that we could accommodate an existing customer’s growth, and appreciate our continued relationship with CNA.
Thank you to Joey Jones and Evelyn Manning from Colliers for their help in marketing the space for lease, and Wes Jones from CBRE for representing CNA.
Coming Insights
Dallas: A Tale of Two Cities
Reading the headlines, you might think that Dallas-Fort Worth’s deep construction pipeline is destined to bury the market with a huge amount of vacancy. In reality, the DFW logistics market is well positioned to remain one of the strongest in the country. How can this be? Because DFW is a tale of two cities.
In Case You Missed It
Addressing Hunger in Our Community
BLP’s Dallas Office was honored to host the Mission Oak Cliff Volunteer Day on 9/13 at the Mission Oak Cliff Food Pantry in Dallas. Mission Oak Cliff is an outstanding organization that is working hard to break the cycle of poverty in the Oak Cliff section of Dallas. We were thrilled to be able to support the cause in our own small way by helping restock the food pantry.
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Bridge Logistics Properties, 1501 Quail Street, Suite 110, Newport Beach, CA 92660, United States