REBusinessOnline

NAI Earle Furman Arranges Sale of Industrial Park in Upstate South Carolina

GREER, S.C. — NAI Earle Furman has represented The Taft Family Office and Appian-Gilliam LLC in purchasing a 23.5-acre industrial park in Greer. The site has a newly constructed speculative building that spans about 100,000 square feet. The industrial park was 60 percent leased at the time of the sale. NAI Earle Furman will also handle the management and marketing of the rebranding of the park, now called The Inland Distribution Center. The center is located a few miles off Interstate 85 …

Alcoholic Beverage Distributor Signs 96,617 Industrial Lease Renewal in Metro Dallas

FARMERS BRANCH, TEXAS — Miami-based Southern Glazer’s Wine & Spirits of Texas, a distributor of alcoholic beverages, has signed a 96,617-square-foot industrial lease renewal at 13755 Diplomat Drive in Farmers Branch, a northern suburb of Dallas. The brokerage firms were not disclosed, but the owner of the property is ML Realty Partners LLC, an investment firm with offices in Dallas and Itasca,

CBRE Negotiates Sale of 71,566 SF Industrial Property in Houston

HOUSTON — CBRE has negotiated the sale of a 71,566-square-foot industrial property located at 4545 Langfield Road in northwest Houston. According to LoopNet Inc., the property features 26-foot ceiling heights and 15 dock-high doors. William Rudolf and Kyle Golding of CBRE represented the seller, Hs-Tucson Az LLC, in the transaction. The buyer was Chamberlin Houston

Cushman & Wakefield Arranges $13.1M Acquisition Financing for Industrial Facility in Philadelphia

PHILADELPHIA — Cushman & Wakefield has arranged $13.1 million in acquisition financing for a 452,375-square-foot industrial facility in Philadelphia. Located at 11200 Roosevelt Blvd., the property is fully leased to a mix of industrial users. John Alascio, Sridhar Vankayala and Zachary Kraft of Cushman & Wakefield’s Equity Debt & Structured Finance group secured financing for the borrower, Ivy Realty, through lender Reinsurance Group of America Inc. Ivy Realty plans to make $3 …

TH Real Estate Sells 468,682 SF Industrial Warehouse in Inland Empire for $68.9M

RANCHO CUCAMONGA, CALIF. — TH Real Estate, an affiliate of Nuveen, has completed the sale of an industrial warehouse located at 9050 Hermosa Ave. in Rancho Cucamonga. Deutsche Wealth Services acquired the property for $68.9 million, or $147.11 per square foot. Built in 2004 on a 20-acre site, the freestanding, cross-docked property features 468,682 square feet of Class A industrial space. The asset offers fully-secured concrete truck courts, gate-controlled drive-around access, an ESFR …

Cushman & Wakefield Brokers $1.8M Sale of Industrial Building in Metro San Diego

VISTA, CALIF. — Cushman & Wakefield has arranged the sale of a freestanding industrial building, located at 2530 Pioneer Ave. in Vista. Ki’s Kitchen purchased the 9,150-square-foot property from BS Ventures for $1.8 million. Built in 1989, the property features a modernized conference room, private office space, open break room/reception, floor-to-ceiling glass walls, multiple restrooms, motorized grade loading and a secured fenced yard. The buyer, a privately owned commercial …

NAI Partners Secures 64,175 SF Industrial Lease Renewal in Houston

HOUSTON — NAI Partners has secured a 64,175-square-foot industrial lease renewal at 5700 Campbell Road in Houston on behalf of Gulf Pacific Rice, a rice processor and merchandiser. Jake Wilkinson of NAI Partners represented the tenant in the lease negotiations. The name and representative of the landlord were not

Panattoni to Develop 764,895 SF Speculative Warehouse in Aurora, Illinois

AURORA, ILL. — Panattoni Development has purchased a 53.4-acre site in Aurora to develop Orchard Gateway, a 764,895-square-foot speculative warehouse. The Class A facility will be divisible up to 300,000 square feet. Completion is slated for the third quarter of 2019. Building features will include a clear height of 36 feet, 166 exterior docks, 185 trailer parking positions and 304 car parking spaces. Alston Construction and Harris Architects make up the project

Lincoln Property, Crow Holdings Break Ground on 251,466 SF Warehouse in Metro Atlanta

LITHIA SPRINGS, GA. — Lincoln Property Co. Southeast and Crow Holdings Capital Real Estate have broken ground on a 251,466-square-foot speculative warehouse/distribution center called Factory Shoals Distribution Center in Lithia Springs. The site is located on Interstate 20, 15 miles west of downtown Atlanta. The center will feature a 185-foot deep truck court, 40 spaces for excess truck storage, 32-foot clear heights and motion-sensor lighting. The project is slated to be finished in summer …

CHOA Leases 114,000 SF of Industrial Space in Stone Mountain, Georgia

STONE MOUNTAIN, GA. — Children’s Healthcare of Atlanta (CHOA) has leased 114,000 square feet within Stone Mountain Industrial Park in Stone Mountain. The landlord, Atlanta-based Ackerman & Co., acquired the 4.1 million-square-foot industrial park in December 2016. Brett Buckner, Jimmy Stevens and Major Martin represented Ackerman internally. Brandon Wallace of Cushman & Wakefield represented CHOA, which has transformed the space to replicate a hospital wing to test systems and …

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