REBusinessOnline

HFF Arranges $25.9M Sale of New Pepsi Bottling Distribution Center in Richmond

RICHMOND, VA. — HFF has arranged the sale of the newly constructed Pepsi Bottling Distribution Center in Richmond. ElmTree Funds purchased the 220,825-square-foot asset for $25.9 million. The center was delivered in November and is triple-net-leased to Bottling Group LLC, a wholly owned subsidiary of Pepsi Beverages Co. Situated along Interstate 95 near Interstates 64 and 295, the facility is located about 12 miles south of downtown Richmond. Steve Conley, Bruce Strasburg, Chris Norvell, …

CBRE Negotiates 23,000 SF Industrial Lease in Oklahoma City

OKLAHOMA CITY — CBRE has negotiated a 23,000-square-foot industrial lease at 6120 SW 29th St. in Oklahoma City for Niagara Bottling LLC, which services the bottled water industry. Randy Lacey and Austin Lacey of CBRE represented the landlord, HL Campus LLC, in the lease negotiations. Ryan Shaffer and Dwayne Flynn, also of CBRE, represented Niagara

Metro Storage Opens 883-Unit Self-Storage Facility in New Jersey

WOOD-RIDGE, N.J. — Metro Storage LLC has opened an 883-unit self-storage facility in Wood-Ridge. Located at 765 Route 17, the 85,000-square-foot property features climate-controlled units, interior loading bays and elevator access to all floors. The facility is located on the former site of a manufacturing facility. It is Metro's eigth self-storage facility in the New Jersey

Cushman & Wakefield Arranges $62.3M Sale of Industrial Park in Broward County

POMPANO BEACH, FLA. — Cushman & Wakefield has arranged the $62.3 million sale of Powerline Business Park, a 443,720-square-foot, small-bay industrial park in Broward County. The park comprises 24 small-bay buildings on about 26.4 acres. The property features 16- 20-foot clear heights, air-conditioned office space and illuminated parking, as well as dock-high truck loading and grade-level, overhead 12-by-14-foot doors. The park was developed between 1983 and 1994 and was 96.8 percent …

Alexander & Baldwin Buys Two Warehouses in Hawaii for $40M

KAPOLEI, HAWAII — Alexander & Baldwin (A&B) has purchased two warehouse buildings, located within Kapolei Business Park Phase I, for $40 million in an off-market transaction. Built on adjacent parcels totaling 6.45 acres, the properties feature 32-foot clear heights, dock-high loading, ESFR sprinkler systems and rooftop photovoltaic systems, which will be used by tenants to defray energy costs. The buildings offer a total of 150,000 square feet of Class A industrial space. The …

Conor Commercial Completes Development of 316,550 SF Logistics Center in Chicago

CHICAGO — Conor Commercial Real Estate has completed development of Last Mile Logistics Center I-55, a speculative industrial facility in Chicago. The 316,550-square-foot property is situated on an infill site at the intersection of 51st Street and St. Louis Avenue. The facility features 55 truck docks, 71 trailer stalls, 50-foot bays and a clear height of 36 feet. McShane Construction Co. and Ware Malcomb provided the design-build services. Walter Murphy and Sean Austin of Lee & …

Opus Completes 86,632 SF Industrial Building in St. Paul, Minnesota

ST. PAUL, MINN. — The Opus Group has completed an 86,632-square-foot industrial building located within the St. Paul Port Authority’s Beacon Bluff Business Center. Terracon Consultants Inc., a multi-disciplinary engineering consulting firm, will occupy 15,300 square feet of the building. The facility features a clear height of 24 feet and both warehouse and office space. Todd Hanson and Jason Sell of Cushman & Wakefield are marketing the property for lease. The Beacon Bluff Business …

Plymouth Industrial REIT Acquires Facility in Burr Ridge, Illinois for $5M

BURR RIDGE, ILL. — Plymouth Industrial REIT Inc. (NYSE: PLYM) has acquired a multi-tenant industrial building in Burr Ridge near Chicago for $5 million. Known as 44 Tower Road, the facility spans 73,785 square feet. World PAC, a distributor of automotive parts, and Hydra Stop, a water control solutions provider. The seller was not

Johnson County, Kansas: A Midwest Hub for Industry and Innovation

Once referred to by developers as a “well-kept secret,” the Kansas City metro area is quickly developing a global reputation for skilled workforce, strong infrastructure, affordable housing and competitive overhead costs like transportation and utilities.  “Kansas City is a region rising. We are dispelling the notion that Kansas City is a well-kept secret,” says Tim Cowden, president and CEO of Kansas City Area Development Council. “There is growing recognition among site locators …

Colliers Secures $115M Bridge Loan for Former NECCO Candy Manufacturing Facility Near Boston

REVERE, MASS. — Colliers International has arranged a $115 million bridge loan for a former NECCO candy manufacturing facility in Revere. The loan replaces the acquisition financing also arranged by Colliers. Located at 135 American Legion Highway, the 49-acre property includes a single-story, high-bay warehouse and a two-story manufacturing and distribution space. Adam Coppola, Thomas Welch, John Poole and Tonia Jenkins secured the financing on behalf of the borrower, Atlantic Management and …

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