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Industrial

Dermody Properties Completes First Building at LogistiCenterSM Near Reno

RENO, NEV. — Dermody Properties has completed the first building at LogistiCenterSM, four miles from the California border in western Reno. The 223,619-square-foot building is already fully leased. Dermody plans to develop an additional 803,022 square feet at the center. Building 2 will consist of 182,000 square feet. It is scheduled for completion in September, after which construction of Phase II will commence. CBRE’s Eric Bennett and Gordon Zach is marketing the properties for

June 23, 2017

Bussel Realty Brokers $7.5M Sale of Nine-Building Industrial Park in Freehold, New Jersey

FREEHOLD, N.J. — Bussel Realty Corp. has facilitated the sale of Fairfield Industrial Park, a nine-building industrial park located at 912 Route 33 in Freehold. Fairfield Industrial Park LLC acquired the 165,000-square-foot asset for $7.5 million. Jordan Metz and Eduard Skutelsky of Bussel Realty represented the undisclosed seller, while Imperial Real Estate represented the buyer in the deal.

June 23, 2017

Pattillo Delivers 592,600 SF Industrial Facility in Metro Atlanta

CARTERSVILLE, GA. — Pattillo Industrial Real Estate has completed a 592,600-square-foot build-to-suit industrial warehouse for Zep Inc. in the Atlanta suburb of Cartersville. The company, a manufacturer of maintenance and cleaning solutions, will use the facility for distribution of its product line. The property is located within Cartersville Business Park, an industrial park owned and developed by Pattillo. Ben Stafford was the in-house representation for Pattillo, and Mike Paradoski of..

June 23, 2017

PREMIER Completes 110,439 SF Freezer Expansion Project in Northlake, Illinois

NORTHLAKE, ILL. — PREMIER Design + Build Group LLC has completed a 110,439-square-foot addition to an existing freezer facility at a business park in Northlake, about 20 miles west of Chicago. More than 1 million square feet of space is undergoing construction or redevelopment at the park. The freezer facility features 58 truck stalls, a 104-car parking lot and 40 dock doors. The project team included Samantha Skopek and Rip Pogue of PREMIER. Cornerstone Architects LLC provided architectural..

June 23, 2017

Printing Arts Signs 46,973 SF Industrial Lease in Broadview, Illinois

BROADVIEW, ILL. — Printing Arts has signed a 46,973-square-foot industrial lease in Broadview, about 12 miles west of Chicago. The printing production and materials storage company will occupy the space at 2105 W. 21st St. Printing Arts is expanding from an adjacent building. Mandy Lewandowski of Darwin Realty represented the landlord, Welbic III Broadview 21 LLC, in the lease transaction.

June 23, 2017

Rexford Industrial Buys Two Industrial Properties in Los Angeles for $35.9M

LOS ANGELES — Rexford Industrial Realty has purchased two industrial assets in Los Angeles for a total of $35.9 million. The first acquisition was 4175 E. Conant St. in the Long Beach area for $30.6 million. The Class A asset is fully leased to a single tenant on a triple-net basis with 13 years remaining on the lease term. The second acquisition was 5421 Argosy Ave. in the Orange County West submarket. It is fully leased as a mission-critical facility. Rexford funded the acquisitions with..

June 22, 2017

Bussel Realty Facilitates $13.2M Sale of Industrial Facility in Elizabeth, New Jersey

ELIZABETH, N.J. — Bussel Realty Corp. has arranged the sale of an industrial facility located at 400 S. Second St. in Elizabeth. RLFI-B SPE LLC sold the property to SNR Holdings LLC for $13.2 million. The property features 115,078 square feet of industrial space. Jordan Metz of Bussel Realty represented the seller in the transaction.

June 22, 2017

Ice Mobility Signs 98,735 SF Industrial Lease in Lincolnshire, Illinois

LINCOLNSHIRE, ILL. — Ice Mobility has signed a 98,735-square-foot industrial lease in Lincolnshire, a northern suburb of Chicago. The distributor of wireless products and provider of supply-chain solutions will occupy the entire building located at 610 Schelter Road. Built in 2009, the warehouse facility contains 30-foot clear heights and 12,000 square feet of office space. Ice Mobility will relocate from Vernon Hills, Illinois. Keith Puritz, Brett Kroner and Eric Fischer of Cushman &..

June 22, 2017

NAI UCR Properties Brokers $3M Sale of Industrial Building in Richland, Mississippi

RICHLAND, MISS. — NAI UCR Properties has facilitated the $3 million sale of a 70,000-square-foot industrial facility located at 330 Leggett Drive in Richland. NAI UCR’s Micah McCullough represented the undisclosed buyer in the transaction. At the time of sale, the property was leased to FedEx Ground.

June 22, 2017

Priming Chicago’s Industrial Corridors For 21st Century Development

As Chicago has emerged as one of the country’s top tech capitals, large parcels of land across the city -— many set aside for manufacturers that no longer do business there — have remained stuck in the past, serving as roadblocks to billions of dollars in new real estate development. That’s about to change thanks to a yearlong effort spearheaded by Mayor Rahm Emanuel and the city’s Department of Planning and Development, which recently approved recommendations for modernizing the..

June 22, 2017