The vote, now scheduled for June 2, marks the latest setback in an ongoing battle over the proposed project to build a new Kelly Tractor headquarters outside the county’s Urban Development Boundary.
The small-bay industrial sector makes up more than half of U.S. industrial inventory, yet attracts less than a quarter of new development. That mismatch has intensified competition, driven up pricing, and squeezed margins, forcing investors to rethink how they create returns.
The freight forwarder has signed a long-term sublease for office space, and, in a separate deal, secured a long-term sublease of 75,000 industrial space.