Page 29 - Northpoint Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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Perhaps one statistic is all that is needed to illustrate the fact that when it comes to produce, PhilaPort leads the way as the go-to port for perishables. “At most ports, refrigerated containers make up a single-digit percentage of the total,” said Dominic O’Brien, senior marketing manager at PhilaPort. “Here in Philadelphia, it is 54 percent.”

The 4-year-old Northwest Jacksonville center fully leased three buildings in four years.

Massachusetts real estate developer and investor Winstanley Enterprises recently paid $2.5 million to secure a 40-acre industrial building site in the Great Pond Village Development. Winstanley is the master developer of the 653-acre Great Pond Village, a pre-planned and permitted mix of industrial, commercial and residential development on land that once hosted the industrial campus of ABB Combustion.

Winstanley Enterprises recently paid $22.5 million to buy ABB Combustion Engineering’s interest in nearly 94 acres in the two companies’ joint Great Pond Village Development in Windsor. The $22.5 million price was recorded in online town land records, attached to the deed recorded June 24. Missouri-based NorthPoint Development plans to build a 750,000-square-foot logistics center on those grounds and has agreed to a 75-year lease, with option to purchase the property from Winstanley, according to Winstanley spokesman Matthew Watkins.