REBusinessOnline

TCC Buys Southwest Phoenix Site for 554,000 SF Industrial Development

PHOENIX — Trammell Crow Co. (TCC) and an institutional investor have acquired a 38.5-acre site south of the southeast corner of 59th Avenue and Lower Buckeye Road in Phoenix's Southwest submarket. The price was not disclosed. The partnership plans to develop West 202 Logistics Center, a 554,000-square-foot industrial building, on the site. The cross-docked building will feature 36-foot clear heights, signature office entries, all-concrete truck courts and circulation drives. Construction …

Marcus & Millichap Brokers Sale of 94,115 SF Self-Storage Facility in Suburban Detroit

ROCHESTER HILLS, MICH. — Marcus & Millichap has brokered the sale of Rochester Mini Storage in Rochester Hills, about 25 miles north of Detroit. The sales price was not disclosed. The 94,115-square-foot self-storage facility includes units that range in size from 25 to 400 square feet. Both climate-controlled and non-climate-controlled options are available. Brian Kelly, Brett Hatcher and Gabriel Coe of Marcus & Millichap brokered the transaction. An out-of-state buyer purchased the …

CoreSite Receives County Approval to Expand Data Center Campus in Northern Virginia by 289,000 SF

RESTON, VA. — CoreSite Realty Corp. has received final approval from the Fairfax County Board of Supervisors to expand the scope of its planned data center campus in Reston. With the approval, CoreSite can build an additional 289,000 square at the campus, bringing the total square footage to 900,000, or more than 100 megawatts. CoreSite acquired the 21.2-acre light industrial/office park in 2016. The data center provider already owns an existing facility in Reston. Upon full build-out of the …

Brennan Acquires 12-Building Industrial Park in Northwest Houston

HOUSTON — Chicago-based Brennan Investment Group LLC has acquired Hempstead Business Park, a 12-building industrial property located at 10612-10616 Hempstead Highway in northwest Houston. The buildings total 133,850 square feet and were 92 percent occupied at the time of sale. The seller was not

CBRE Negotiates 153,130 SF Industrial Lease in Oklahoma City

OKLAHOMA CITY — CBRE has negotiated a 153,130-square-foot industrial lease at 4200 SE 59th St. in Oklahoma City on behalf of Dex Heavy Duty Parts LLC, a North Carolina-based auto parts manufacturer. David Portman of CBRE represented the tenant in the lease negotiations. The property, which was built in 2002, is a distribution warehouse with 25-foot ceiling heights and 29 dock-high doors. The owner of the property is OKC 59th Street

Electric Boat Corp. Signs 125,000 SF Lease at Flex Facility in Connecticut

NORTH STONINGTON, CONN. — Electric Boat Corp. has signed a 125,000-square-foot lease at a flex building located at 25 Norwich Westerly Road in North Stonington. The building consists of 53,376 square feet of office space and 72,439 square feet of warehouse space. Electric Boat Corp. will occupy the entire building based on their expansion requirements. Colliers International represented the landlord, Mashantucket Pequot Tribal Nation, in the transaction. CBRE/New England represented the …

Contegra Begins $82M Expansion of Walgreens Distribution Center Near Toledo, Ohio

PERRYSBURG TOWNSHIP, OHIO — Contegra Construction is underway on an $82 million expansion of a Walgreens warehouse and distribution center in Perrysburg Township, about 12 miles south of Toledo. Completion of the 380,000-square-foot expansion is slated for summer 2019. The facility currently totals 650,000 square feet. Approximately 680 workers are employed at the site. Contegra will use tilt-up concrete panels to complete the project, which will feature 40- and 50-foot clear heights, 40 new …

Marcus & Millichap Brokers $7.1M Sale of Warehouse in Fairfield, Ohio

FAIRFIELD, OHIO — Marcus & Millichap has brokered the $7.1 million sale of a 158,500-square-foot industrial warehouse in Fairfield, about 25 miles north of Cincinnati. In a simultaneous transaction, Packaging Corp. of America has signed a 10-year lease at the property. Sean O’Brien of Marcus & Millichap marketed the property on behalf of the seller, a private investor. A REIT purchased the asset, which is located at 3840 Port Union

Atisa Industrial Completes 219,571 SF Industrial Building in Tijuana

TIJUANA, MEXICO — Atisa Industrial has completed construction of Diamante, multi-tenant industrial property located in Tijuana, approximately 20 miles from the San Diego border. Situated within Pacific Industrial Park, the 219,571-square-foot property features 3,892 square feet of office space and a 266-square-foot security booth Additionally, the building features 28-foot clear heights, 14 docks, two drive-in ramps, 152 car parking spaces and 11 trailer sparking stalls. The Class A …

McCraney Signs 507,512 SF Lease with Third-Party Logistics Provider in Metro Charlotte

ROCK HILL, S.C. — McCraney Property Co. has signed a 507,512-square-foot lease with NFI at Logistics 77 @ Riverwalk in Rock Hill, roughly 27 miles south of Charlotte in South Carolina. NFI, a supply chain solutions provider and one of the primary third-party logistics providers to Amazon, will be the sole tenant at the facility. Warren Snowdon and David Hanna of Foundry Commercial arranged the lease on behalf of McCraney, which developed the building. Logistics 77 @ Riverwalk is located …

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