REBusinessOnline

NAI Partners Negotiates 46,150 SF Industrial Lease in North Houston

HOUSTON — NAI Partners has negotiated a 46,150-square-foot industrial lease at 1400 Kowis St. in north Houston. According to LoopNet Inc., the property was built in 1974 and is zoned for manufacturing. Chris Caudill and Joel Michael of NAI Partners represented the landlord, NRE LLC, in the lease negotiations. Stephen Schneidau of Cushman & Wakefield and Bill Schneidau of Independent Real Estate Commercial represented the tenant, Flo Trend, a provider of specialty products for the …

Sweeney Real Estate Orchestrates $1M Sale of Industrial Facility in Providence

PROVIDENCE, R.I. — Sweeney Real Estate has arranged the $1 million sale of an industrial facility in Providence. Located at 382-420 and 780 Harris Ave., the 21,649-square-foot property is located on nearly one acre. Thomas Sweeney, of Sweeney Real Estate represented the buyer, Partial Research Group LLC, in the transaction. Jim DeRentis of Residential Properties represented the seller, Bone House

Kroger, Ocado Select Central Florida for Second Customer Fulfillment Center

GROVELAND, FLA. — The Kroger Co. and Ocado, an online grocery retailer based in England, have selected Groveland as the second city to house the partnership’s customer fulfillment center (CFC). Kroger has committed to build 20 CFCs in partnership with Ocado. In November, the partnership announced that Monroe, Ohio will be the site of the first CFC. The Groveland center will consist of an automated warehouse facility with digital and robotic capabilities. The CFC will span 375,000 square …

NorthMarq Arranges $4.3M Refinancing for Industrial Facility in Springboro, Ohio

SPRINGBORO, OHIO — NorthMarq Capital has arranged a $4.3 million loan for the refinancing of South Pioneer Industrial, a 131,000-square-foot industrial building in Springboro. MCM Electronics occupies the facility, which is located at 405 S. Pioneer Blvd. Noah Juran of NorthMarq arranged the five-year loan, which features a 25-year amortization schedule. A local bank provided the

Bradford Commercial Negotiates 21,500 SF Industrial Lease in Metro Dallas

GARLAND, TEXAS — Bradford Commercial Real Estate Services has negotiated a 21,500-square-foot industrial lease at 2306 Sherwin St. in Garland, a northeastern suburb of Dallas. Jason Finch and Brian Pafford of Bradford Commercial represented the tenant, DFD Movers Inc., in the lease negotiations. The landlord was

Ford Plans Electric Vehicle Production Expansion at Flat Rock Assembly Plant in Southeast Michigan

FLAT ROCK, MICH. — Ford has unveiled plans to begin producing battery electric vehicles at its Flat Rock assembly plant in Southeast Michigan. Ford plans to invest more than $850 million in the Flat Rock assembly plant through 2023, adding a second shift and approximately 900 new jobs. The plant investment also includes funding to build the next-generation Mustang and is the bulk of a $900 million investment in Ford’s operations in Southeast Michigan. Ford also said it will begin building …

Cawley Chicago Brokers Sale of 70,000 SF Industrial Building in Chicago

CHICAGO — Cawley Chicago has brokered the sale of a 70,000-square-foot industrial building in Chicago for an undisclosed price. The property is located at 3950 S. Karlov Ave. Frank Melchert and Stevan Arandjelovic of Cawley represented the seller, PanHellenic Scholarship Foundation. The buyer was not

Magnus Development Breaks Ground on 200,000 SF Speculative Industrial Facility in Columbia

COLUMBIA, S.C. — Magnus Development Partners has broken ground on Midway Logistics IV, a 200,000-square-foot speculative industrial building within Lexington County Industrial Park in Columbia. The tilt-up, multi-tenant building will feature 32-foot clear heights, 16 dock doors, two 12-by-14-foot drive-in doors, a 210-foot shared truck court, LED motion-detected lighting and an ESFR sprinkler system. Magnus expects to deliver the facility in the third quarter. Colliers International will …

Liberty Property Trust Signs Sugar Foods to 247,000 SF Industrial Lease in Metro Atlanta

LITHIA SPRINGS, GA. — Liberty Property Trust has signed Sugar Foods Corp. to a full-building, 247,000-square-foot lease at 875 Maxham Road in Lithia Springs. Located within Westfork Distribution Center, Liberty Property acquired the building in 2013 and has since made capital improvements, including creating a loop road to optimize traffic flow, expanding the truck courts and adding trailer storage to support modern logistics requirements. Randall Bryan of King Industrial Realty Inc. …

Etkin Johnson Buys 28 Acres in Southeast Denver for 334,000 SF Industrial/Flex Development

DENVER — Etkin Johnson Real Estate Partners has purchased a 28.3-acre land parcel at the southwest corner of South Chambers Road and Compark Boulevard within Compark Business Park in Southeast Denver. The buyer plans to develop EDGE 470 on the site. Construction of the 334,000-square-foot, Class A industrial/flex campus will take place in two phases. Slated for delivery in first-quarter 2020, Phase I will include two approximately 80,000-square-foot buildings on 12.8 acres. Each …

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