REBusinessOnline

Industrial

Pontikes to Develop 3 MSF Distribution Center in Greater Houston

BAYTOWN, TEXAS — Houston-based Pontikes Development plans to build Port 10 Logistics Center, a 3 million-square-foot, Class A distribution center that will be situated on 246 acres at the corner of Thompson Road and Interstate 10 in the Houston metro of Baytown. The rail-served property will feature 32- and 36-foot clear heights and on-site rail and trailer storage. The first phase of the project, which is currently slated for a third-quarter 2018 completion, will deliver two cross-dock..

October 20, 2017

Hunt Southwest Inks Two Industrial Leases Totaling 260,176 SF in Fort Worth

FORT WORTH, TEXAS — Hunt Southwest Real Estate Development has inked two industrial leases totaling 260,176 square feet at Riverbend West Distribution Center in Fort Worth. Ecolab, a Minnesota-based provider of resource technologies and services, has leased 192,350 square feet and PODS, a Florida-based moving and storage company, has leased 67,826 square feet. Located at 2101 Reeves Place near Interstate 820, the 301,500-square-foot facility features 2,167 square feet of office space, 12..

October 20, 2017

Hampshire Cos., First Westwood Realty Open Self-Storage Facility in Westwood, New Jersey

WESTWOOD, N.J. — A joint venture between The Hampshire Cos. and First Westwood Realty has opened an Extra Space Storage location at 15 Madison Ave. in Westwood. Designed by SNS Architects, the 100,000-square-foot facility features 916 self-storage units, 24/7 access, elevators, full climate control, a covered loading area and a state-of-the-art security system. Extra Space Storage will manage the property. This facility is the 37th Extra Space Storage property that The Hampshire Cos. has..

October 20, 2017

Brennan Completes Sale-Leaseback of 86,460 SF Industrial Building in Oakdale, Minnesota

OAKDALE, MINN. — Brennan Investment Group LLC has acquired an 86,460-square-foot industrial building in Oakdale, a suburb of St. Paul. The purchase price was not disclosed. The seller, Total Logistics Inc., will lease back the space from Brennan. The property is located at 2900 Granada Lane North. The acquisition was funded through a net leased joint venture with one of Arch Street Capital Advisors’ institutional clients.

October 20, 2017

CenterPoint Acquires Distribution Center in Northern New Jersey

WAYNE, N.J. — CenterPoint Properties has purchased a new distribution center, located at 95 Demarest Drive in Wayne, for an undisclosed price. Located on 14 acres and built in 2016, the 163,253-square-foot property features 90 trailer parking spaces, 219 car parking spaces, 44 dock-high doors and 28-foot clear heights. The facility is fully leased on a long-term basis to one of the largest delivery companies in North America. Britton Burdette of Stan Johnson Co. represented the undisclosed..

October 19, 2017

HFF Secures $9.5M in Acquisition Financing for Three Philadelphia-Area Industrial Facilities

MOUNT LAUREL, N.J. — HFF has arranged $9.5 million in combined acquisition financing for three industrial facility totaling 254,496 square feet in Mount Laurel, a suburb 20 miles east of Philadelphia. The borrower is Foxfield Industrial, a joint venture between Novaya Real Estate Ventures and Foxfield Ventures. Mike Pagniucci and Ryan Ade of HFF arranged the separate floating-rate loans for each property through Webster Bank. The properties are 600 and 601 Delran Parkway and 116 Gaither..

October 19, 2017

CenterPoint Properties Breaks Ground on 560,000 SF Logistics Center in Franklin Park, Illinois

FRANKLIN PARK, ILL. — CenterPoint Properties has broken ground on CenterPoint Logistics Center - O’Hare in Franklin Park, about 17 miles west of Chicago. The property, located on Seymour Avenue, will feature two speculative warehouses totaling 560,000 square feet. CenterPoint O’Hare 1 will consist of 225,891 square feet with 32-foot clear heights, 50 exterior docks and parking for 68 trailers. CenterPoint O’Hare 2 will total 333,696 square feet with 36-foot clear heights, 92 exterior..

October 19, 2017

Devli Group Acquires 197,438 SF Industrial Complex in Hackettstown, New Jersey, from Hampshire Cos.

HACKETTSTOWN, N.J. — Devli Group has acquired Hackettstown Commerce Park, a flex industrial complex located in Hackettstown. The Hampshire Cos. sold the 197,438-square-foot complex for an undisclosed price. The acquisition includes three buildings at 101 and 103 Bilby Road and 715 Willow Grove St. and 2.74 acres of developable land at 717 Willow Grove St., as well as 5.13 acres of developable land at 713 Willow Grove St. Currently 88 percent leased, the complex features units that range in..

October 18, 2017

LM Commercial Brokers $2.2M Sale of Industrial Property in Cicero, Illinois

CICERO, ILL. — LM Commercial Real Estate has brokered the sale of an 86,670-square-foot industrial property in Cicero for $2.2 million. The property, which sits on 5.5 acres at 1410 S. 55th St., consists of two industrial buildings, six drive-in doors, three rail entry points, railcar storage capabilities and outside storage. Mike Merry and Brian Wabick of LM Commercial brokered the sale on behalf of the undisclosed seller. Peter Bourke and Vern Schultz of Colliers International represented..

October 18, 2017

Marcus & Millichap Arranges Sale of Six-Property Self-Storage Portfolio in Metro Memphis

MEMPHIS, TENN. — Marcus & Millichap has arranged the sale of a six-property self-storage portfolio in metro Memphis. Charles LeClaire and Adam Schlosser of Marcus & Millichap arranged the transaction on behalf of the seller, Amsdell Cos., and procured the buyer, Merit Hill Capital. Anne Williams of Marcus & Millichap also assisted in closing the transaction. Three of the properties are located in Tennessee and the other three are located in northern Mississippi. The portfolio..

October 18, 2017