Tag: AXA

Bixby Land Company and AXA Investment Managers – Real Assets Acquire Class A Industrial Property in Savannah – Press Release

NEWPORT BEACH, Calif. & POOLER, Ga.–(Business Wire)–Bixby Land Company, a Newport Beach, California-based investor, in joint venture with AXA Investment Managers – Real Assets, acting on behalf of clients, has acquired 95 Logistics Center, two newly constructed Class A warehouse distribution buildings totaling 564,000 square feet, in Pooler, Georgia.

The properties are currently 82% leased to two tenants: 1240 SH Morgan Parkway is fully occupied and 1030 SH Morgan Parkway is 54% occupied with a remaining vacancy of 100,214 square feet available. Offering close proximity to the I-95/I-16 freeways and within a 10-mile radius of the Port of Savannah, the fastest growing container port in the United States by TEU’s, the buildings feature 32’ warehouse clear height, 190’+ concrete truck courts, front- and rear-load configurations and excess trailer parking.

“This purchase represents Bixby’s continued commitment to expansion in the State of Georgia and other markets in the Southeast. We have

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AXA XL launches custom-built insurance for new class of construction business — Highly Protected Projects

NEW YORK, Sept. 23, 2020 /PRNewswire/ — AXA XL’s North AmericaConstruction insurance business is building tailored insurance programs and services for construction projects that qualify as a “Highly Protected Project” (HPP) because of their implementation of technologies designed to reduce project risk.

According to Gary Kaplan, president of AXA XL’s North America Construction insurance business, “In commercial property insurance, facilities that incorporate added risk and safety measures, such as sprinkler systems, are considered ‘Highly Protected Risk’ and can earn more favorable insurance rates and terms.  With greater adoption of technology on construction jobsites, we’re seeing the same opportunity to extend more competitive insurance coverage and capacity for projects that are taking action to reduce risks.”

Construction projects eligible to attain AXA XL’s HPP status and specialized insurance include Health Care, Commercial Office, Higher Education and Manufacturing/Processing construction projects valued at USD 200 million or more.  The project

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