Marcus & Millichap Arranges Sale of Self-Storage Portfolio in Elkhart, Indiana

ELKHART, IND. — Marcus & Millichap has arranged the sale of the Iron Gate Self-Storage Portfolio in Elkhart, 15 miles east of South Bend. The sales price was not disclosed. The six-property, 289,302-square-foot portfolio was 70 percent occupied at the time of sale. The facilities are located on a total of 37 acres. The properties include County Road 113 Self-Storage; County Road 9 Self-Storage; Johnson Street Self-Storage; Middleton Run Road Self-Storage; Bloomingdale Drive Self-Storage;..

June 21, 2017

Aeronet Worldwide Signs 29,643 SF Industrial Lease in Roselle, Illinois

ROSELLE, ILL. — Aeronet Worldwide Inc. has signed a 29,643-square-foot industrial lease in Roselle, about 30 miles northwest of Chicago. The property is located at 1055 Stevenson Court. The global logistics company is moving from an 8,000-square-foot space in Bensenville. Trinity Scurto of Brown Commercial Group represented Aeronet Worldwide in the lease transaction. Brian Kling and Ron Behm of Colliers International represented the building owner, James Campbell Co. LLC.

June 21, 2017

UPS Acquires 595,000 SF Distribution Center in Carlisle, Pennsylvania

CARLISLE, PA. — The United Parcel Service (UPS) has purchased LogistiCenter at Carlisle, a distribution center located at 1 Ames Drive in Carlisle. Dermody Properties sold the 595,000-square-foot center for an undisclosed price. The Class A bulk warehouse facility was built in 2015. Michael Hines, Brian Fiumara, Brad Ruppel and Lauren Dawicki of CBRE represented the seller in the transaction.

June 20, 2017

Cushman & Wakefield Negotiates $27M Sale of 506,000 SF Logistics Facility in Metro Miami

HIALEAH, FLA. — Cushman & Wakefield has arranged the $27 million sale of Miami International Logistics Center, a 506,000-square-foot warehouse and distribution facility located at 725 S.E. 9th Court in Hialeah. Dallas-based Lincoln Property Co. acquired the asset. Cushman & Wakefield’s Mike Davis, Rick Brugge, Michael Lerner, Wayne Ramoski, Gian Rodriguez, Robert Given and Troy Ballard represented the seller, Keating Resources, in the transaction. The building was 88 percent leased..

June 19, 2017

Doyle Properties Acquires Anaheim Industrial Facility for $19.8M

ANAHEIM, CALIF. — Doyle Properties has purchased an 84,928-square-foot industrial facility in Anaheim for $19.8 million. The flex facility is located at 1250 N. Tustin Ave. The property will serve as the Econolite Group’s new high-image facility. The group specializes in dynamic intelligent transportation systems and transportation management. Econolite previously occupied a former 144,000-square-foot property on La Palma Avenue. The company was in search of a new facility where it..

June 19, 2017

Boyd Commercial Brokers Sale of 30,114 SF Flex Property in Houston

HOUSTON — Boyd Commercial has brokered the sale of a 30,114-square-foot office/warehouse property located at 9122 and 9000 Telephone Road in Houston. David Munson and David Boyd of Boyd Commercial represented the sellers, MPM Real Estate LLC and Kervinen Petteri, which sold 9122 Telephone Road and 9000 Telephone Road, respectively. Athena Sidhu of RE/Max Top Realty represented the buyer, Aslam Properties Inc.

June 19, 2017

CBRE Arranges Sale of 300,608 SF Industrial Facility in Bartlett, Illinois

BARTLETT, ILL. — CBRE has arranged the sale of a 300,608-square-foot industrial facility in Bartlett, about 35 miles northwest of Chicago. The sales price was not disclosed. The property is located at 1340 Brewster Creek Blvd. on a 16.5-acre site within the Brewster Creek Business Park. Built in 2008, the building features 30-foot clear heights, 4,160 square feet of office space, 65 car stalls and 64 exterior docks. Matt Mulvihill, Kevin Segerson and Cal Payne of CBRE represented the seller,..

June 19, 2017

Hilliker Corp. Brokers Sale of 132,000 SF Warehouse Building in St. Louis

ST. LOUIS — Hilliker Corp. has brokered the sale of a 132,000-square-foot warehouse building in St. Louis. The sales price was not disclosed. Serioplast purchased the building with plans to convert it into a plastic bottle manufacturing plant. This will be the company’s first location in North America. Production is expected to begin in the first quarter of 2018. The building is located at 4400 Planned Industrial Drive near I-70. Chris Taff of Hilliker Corp. represented both Serioplast and..

June 19, 2017

Automotive Users Put Birmingham’s Industrial Market in the Fast Lane

When comparing Birmingham’s industrial market to other major cities in the Southeast, “The Tortoise and the Hare” comes to mind. Birmingham has had slow and steady progress — not to say that our sister cities have periods of laziness and napping. Birmingham’s current pace of activity is more the norm and thankfully the trends remain positive with 2016’s transaction numbers actually tilting in the direction of a “hare-like” pace. Occupancy rates for the 15..

June 19, 2017

The Hampshire Cos. Sells Industrial Portfolio in Northern New Jersey for $146.8M

CARTERET, LODI, SADDLE BROOK, SOUTH HACKENSACK AND WEST CALDWELL, N.J. — The Hampshire Cos. has completed the sale of a six-building industrial portfolio totaling 1.2 million square feet in Northern New Jersey. An undisclosed buyer acquired the portfolio for $146.8 million. The portfolio comprises 200 Middlesex Avenue in Carteret (408,437 square feet); 39 Robinson Road in Lodi (73,373 square feet); 301 Mayhill Street in Saddle Brook (200,000 square feet); 30 Wesley & Worth in South..

June 16, 2017