The COVID-19 pandemic that brought most of Puerto Rico’s economic activity to a screeching halt in mid-March has created a very specific niche for industrial warehouse operators, which are providing much-needed square footage to emergency response companies. Demand for short-term leases — from three months to a year — for warehouse space to store specific […]
A joint venture formed by Taconic Capital Advisors LP and Monarch Alternative Capital LP has announced the formation of the Puerto Rico Industrial Solutions and Management platform in connection with its acquisition of a 2.2 million square-foot portfolio of industrial and logistics warehouse properties in the San Juan metropolitan area. This portfolio of warehouses is […]
Econo, a local supermarket chain founded in 1970, is investing $90 million in a new state-of-the-art Distribution and Services Center located in the northern town of Canóvanas, slated to open in 2020 in time for the company’s 50th anniversary.
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