PORTLAND, ORE. — The Society of Industrial and Office Realtors (SIOR)’s Fall World Conference is set to take place Oct. 16 to 19 at the Hilton Portland in Portland. Starting in the afternoon on Oct. 16, attendees will be able to sit in on a wide variety of panels and discussions, including Industrial Occupiers: A View from the Inside; Smart Building Platforms; Global Cities – Challenges & Opportunities: Impact on Real Estate; Underwriting & Due Diligence of Investment CRE Deals; and Augmented Reality (AR): Real Estate’s New Reality. SIOR selected Portland for this year’s conference to highlight growth in the city’s commercial office and industrial sectors since 2018. According to CoStar’s Loopnet, office prices have risen by 9.2 percent and industrial has increased by 18.5 percent.
MONTGOMERYVILLE, PA. — An affiliate of raw materials distributor Panadyne Inc. has acquired an industrial center in Montgomeryville, a northern suburb of Philadelphia. Panadyne will occupy approximately 50 percent of the 22,000-square-foot facility, which features 17-foot ceiling heights and 1,500 square feet of office space. Frank Roddy of Roddy Inc. represented Panadyne in the transaction.
FAIRFIELD, N.J. — CBRE has arranged the sale-leaseback of a 100,000-square-foot industrial facility in Fairfield, located approximately 20 miles west of New York City. EverWest Real Estate Investors LLC acquired the property from Unifoil Corp., which will continue to occupy the industrial property via a long-term lease. Built in 1988, the property at 12 Daniel Road features 27,000 square feet of office space and parking for 188 cars. William Waxman, Kevin Dudley, David Gheriani and Gil Medina of CBRE represented EverWest in the lease negotiations. The sales price was undisclosed.
PHILADELPHIA — NAI Mertz has negotiated an 11,250-square-foot industrial lease in Philadelphia. The tenant, Rodan Enterprises LLC, will use the facility to house its company, SureShade, a designer and manufacturer of innovative marine sunshade systems. The space is located within a 75,000-square foot industrial building with 25-foot ceiling heights, one drive-in door and one tailgate door. Joe Sternberg of NAI Mertz represented the landlord, Onyx Partners, in the lease negotiations.
CHICAGO — Duke Realty Corp. has signed five leases with industrial tenants for four of its properties within metro Chicago. The leases total 860,296 square feet. Susan Bergdoll and Casey Grant of Duke represented the company in all the lease transactions. At Airport Logistics Center in Romeoville, RJW Logistics leased the entire 543,780-square-foot speculative building that delivered in August. Dominic Carbonari and Frank Griffin of JLL represented the tenant and Jason West and Sean Henrick of Cushman & Wakefield marketed the property for lease. Coda Resources leased all of the 183,296-square-foot speculative building known as 990 North Avenue in Glendale Heights. Frank Melchert of Cawley Chicago represented the tenant, while Kelly Disser, Eric Tresslar and Michael Freitag of NAI Hiffman served as listing brokers. At 375 W. South Frontage Road in Bolingbrook, Battery Systems signed a new lease for 17,850 square feet and Corrosion Materials renewed its 17,850-square-foot lease. Brian Kling and John Bolster of Colliers International represented Battery Systems. Ryan Earley and Terry Grapenthin of Lee & Associates were the listing brokers. Lastly, Black Horse Carriers signed a 97,520-square-foot lease at 1835 West Jefferson in Naperville. George Pappas of Hartford Associates represented the tenant and Brian Kling and David …
RIVERSIDE, CALIF. — Dermody Properties has completed construction of LogistiCenter at Park Meridian, located at 21822 Opportunity Way within Meridian Business Center in Riverside. Situated on 13.5 acres in the heart of Inland Empire East, the 262,260-square-foot facility features 32-foot clear heights, 56 dock-high doors, an ESFR sprinkler system and LED warehouse lighting. Additionally, the building has 2,493 square feet of built-out office space within the total square footage available for lease. Phil Lombardo, Chuck Belden and Andrew Starnes of Cushman & Wakefield have been retained to handle leasing for the project.
THOUSAND OAKS, CALIF. — Rexford Industrial Realty has purchased Newbury Industrial Park, a multi-tenant industrial building in the Conejo Valley submarket of Thousand Oaks. Newbury Industrial Associates sold the asset for $23.3 million, or $184 per square foot. Situated on 8.1 acres, the 126,317-square-foot property was built in 1970 and renovated in 2018. At the time of sale, the property was 93 percent occupied by 13 tenants. The facility features 20-foot to 22-foot clear heights, 16 grade-level doors with one dock-high loading area and is accessible via three separate entrances. Additionally, the asset is located within Conejo Spectrum, a 2.8 million-square-foot office and industrial micro-market in Ventura County. Sean Fulp, Ryan Plummer, Mark Schuessler, Jeff Abraham, John DeGrinis and Patrick DuRoss of Newmark Knight Frank (NKF) represented the seller, while Andrey Mindirgasov of NKF represented the buyer in the deal.
ARLINGTON, TEXAS — Lee & Associates has brokered the sale of two industrial buildings totaling 151,700 square feet in Arlington. The properties are located at 2000 and 2030 E. Arbrook Blvd., less than a mile from Interstate 20. Mark Graybill and Colton Rhodes of Lee & Associates represented the seller, Hamilton Commercial LLC, in the transaction. EastGroup represented the buyers.
COPPELL, TEXAS — Holt Lunsford Commercial has secured a 24,399-square-foot industrial lease at 820 W. Sandy Lake Road in Coppell, located north of Fort Worth. According to LoopNet Inc., the property was built in 2006 and is located about a mile north of DFW International Airport. Jim Brice of Holt Lunsford represented the landlord, La Salle Investment Management Inc., in the lease negotiations. Matt Elliot of NAI Robert Lynn represented the tenant, Science Care Inc., an organ donation and tissue bank.
WASHINGTON, D.C. — MAC Realty Advisors has sold 1901 4th St. NE, a 33,600-square-foot warehouse in Washington, D.C. The U.S. Postal Service and Fort Myer Construction are tenants at the property. A joint venture between GlenLine Investments and RSE Capital Partners, an affiliate of Fundrise, acquired the building, which is situated two miles east of downtown D.C.