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The site was approved for three warehouses for a combined 435,800 square feet. The first phase is a 165,000-square-foot warehouse with 32-foot clear height.

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The rampant demand for commercial properties led to $193 billion in CRE transactions occurring in the third quarter of 2021—and a record $809 billion in commercial property sales for all of 2021. So what exactly drove the surge—and why? 

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Retailers and wholesalers accounted for the most industrial deals at 200,000 square feet or larger last year, or 35.8% of all leasing activity, That demand is expected to be sustained this year, and could become even more frenzied with the recent surge in gas prices.