REBusinessOnline

Industrial

Houlihan Parnes Arranges $2.15M in Loans for New York Mixed-Use Properties   

YONKERS & NANUET, N.Y. — Jeremiah Houlihan of Houlihan Parnes Realtors has arranged an $850,000 first mortgage loan for a mixed-use building located at 925-939 Yonkers Ave. in Yonkers. The property consists of a two-story building with the Clairmont Diner on the first floor and three apartments on the second floor, along with an attached one-story building containing an automobile service station. Houlihan also arranged a $1.3 million first mortgage loan for a retail center located at..

March 22, 2017

Sares Regis Leases Four Industrial Buildings at Meredith International Centre in Ontario

ONTARIO, CALIF. — Sares Regis Group has signed four new leases for distribution buildings within the Meredith International Centre in Ontario. The leases contain a total of 972,000 square feet. The project is situated on 150 acres near Ontario International Airport. All of the lease agreements range from five to 10 years. Five out of the seven buildings at the project are now fully leased. The two remaining buildings contain 575,000 square feet and 398,000 square feet. New leases were..

March 21, 2017

G.S. Wilcox Secures $56M Financing for Industrial Portfolio in New Jersey

SOUTH BRUNSWICK, MOONACHIE & TETERBORO, N.J. — G.S. Wilcox & Co. has secured $56 million in financing for a six-building industrial portfolio located in South Brunswick, Moonachie and Teterboro. Al Raymond of G.S. Wilcox arranged the 12-year loan, which includes a 3.25 percent fixed interest rate. Thrivent Financial for Lutherans, one of the firm’s correspondent lenders, provided the financing.

March 21, 2017

CBRE Brokers Sale of 13-Building Portfolio in Greater Charlotte Area

CHARLOTTE, N.C. — CBRE has arranged the sale of the Charlotte Industrial Park Portfolio, a 13-property asset totaling 486,512 square feet of Class A office and warehouse space throughout the Charlotte area. Patrick Gildea, Anne Johnson and Bryan Crutcher of CBRE represented the seller, Maryland-based Artemis Real Estate Partners, in the transaction. At the time of sale, the Charlotte Industrial Park Portfolio was 95 percent occupied. Boston-based Albany Road Real Estate purchased the..

March 21, 2017

XPO Logistics Signs 213,558 SF Industrial Lease in Hazelwood, Missouri

HAZELWOOD, MO. — XPO Logistics Supply Chain Inc. has signed a 213,558-square-foot industrial lease, occupying the entire distribution facility located at 1619 Park 370 Blvd. near St. Louis in Hazelwood. The company is scheduled to take occupancy in April after an interior build-out is completed. HSA Commercial Real Estate developed 1619 Park 370 Blvd. and an adjacent 340,000-square-foot distribution center after purchasing the 30-acre land site from TRiSTAR Properties in 2001. Both facilities..

March 21, 2017

Bridge to Develop 133,951 SF Build-to-Suit for Okabe in Grayslake, Illinois

GRAYSLAKE, ILL. — Bridge Development Partners LLC has unveiled plans to develop a 133,951-square-foot industrial facility for Okabe Co. in Grayslake. The metal working company will relocate its North American headquarters from Vernon Hills, Ill. The development, located at the intersection of Peterson and Midlothian roads, will feature 30-foot clear heights, 10 exterior truck docks, two drive-in doors, 4,000 amps of power and an ESFR sprinkler system. Okabe acquired the land site from the..

March 21, 2017

Avison Young Arranges Sale of 61,000 SF Industrial Building in Cary, Illinois

CARY, ILL. — Avison Young has arranged the sale of a 61,000-square-foot building in Cary, about 45 miles northwest of Chicago. The sales price was not disclosed. The property, located at 165 Chicago St., is fully leased to AMPAC, a global manufacturer of creative and flexible packaging for pharmaceuticals, health and beauty products and retailers. The building, developed in 1985, includes three exterior docks, one drive-in door and heavy power for manufacturing. Erik Foster and Mike Wilson of..

March 21, 2017

CenterPoint Properties to Develop 380,944 SF Industrial Building in Chicago

CHICAGO — CenterPoint Properties has been selected by CRRC Sifang America Inc. to develop a 380,944-square-foot industrial building for the rail car manufacturer in Chicago. Located on 45 acres at 13535 S. Torrence Ave., the facility will include warehouse, office and rail car assembly and testing space. The building footprint also incorporates room for future growth and expansion of CRRC’s North American production capabilities. The Chicago assembly facility will serve initially to..

March 20, 2017

Dayton Street Sells 43,000 SF Distribution Facility in Chicago for $4.1M

CHICAGO — Dayton Street Partners has sold its 43,000-square-foot distribution facility at 920 W. Pershing Road in Chicago to a private investor for $4.1 million. Originally acquired in 2015, Dayton Street transformed the manufacturing building into a modern warehouse/distribution facility. Last year, Trane U.S. signed a 25,000-square-foot lease at the property and Stanley Steemer signed an 18,000-square-foot lease.

March 20, 2017

Miller Construction Completes Second Phase of $25M Industrial Park in South Florida

HIALEAH, FLA. — Miller Construction Co. has completed the second phase of Centergate at Gratigny, a $25 million industrial development located at the intersection in Hialeah. Situated on 30 acres at the intersection of Gratigny Parkway and LeJeune Road, the new construction spans two buildings and 602,657 square feet. Fairchild Partners, a Miami-based brokerage firm, will oversee leasing of the property, which will feature Class A office, an air-conditioned mezzanine and security-controlled..

March 17, 2017