Industrial

IDS Real Estate Group Buys 544,864 SF Industrial Portfolio in San Diego

by Amy Works October 30, 2018

SAN DIEGO — An affiliate of IDS Real Estate Group has purchased a four-building industrial portfolio within Siempre Viva Business Park in San Diego’s Otay Mesa submarket, for an undisclosed price. Situated on 28.1 acres, the 99 percent-leased portfolio is located at 8690 Kerns St., 2660 Sarnen St. and 8863 and 9043 Siempre Viva Road. Totaling 544,864 square feet, the properties feature 24- to 32-foot clear heights, wide truck courts, loading via 98 dock-high and 14 grade-level doors, an above-standard parking ratio, and low office built-out. The properties were originally constructed between 2001 and 2003. Nick Frasco, Nick Psyllos and Andrew Briner of HFF represented the undisclosed seller in the deal.

October 30, 2018

Development Indiana Industrial Midwest

CT Realty Buys 95-Acre Land Site Near Indianapolis for Development of 1 MSF Industrial Building

by Kristin Harlow October 30, 2018

WHITESTOWN, IND. — CT Realty has purchased a 95-acre land site in Whitestown, about 20 miles northwest of Indianapolis. The purchase price was not disclosed. The developer plans to build a 1 million-square-foot building. Project costs are estimated at $50 million. CT acquired the land from GDI Cos., which is the master planner for the surrounding Crossroads Logistics Center. The project will be situated within a one-day drive of 57 percent of the U.S. population, according to CT. Completion is slated for late 2019. Terry Busch of CBRE represented GDI, which will serve as general contractor via its subsidiary GDI Construction. Busch is also handling lease-up of the building.

October 30, 2018

Acquisitions Illinois Industrial Midwest

Green Door Capital, Citimark Purchase 447,059 SF Industrial Portfolio in Metro Chicago for $38M

by Kristin Harlow October 30, 2018

CHICAGO — A partnership between Green Door Capital and Citimark Inc. has purchased a seven-property industrial portfolio in metro Chicago for $38 million. The properties, totaling 447,059 square feet, include: 5120 Prairie Stone Parkway in Hoffman Estates; 1124 Tower Road and 1555-1559 Brasswood Road in Schaumburg; 3225 Corporate Drive and 3301-3301 Corporate Drive in Joliet; 454 Scott Drive in Bloomingdale; and 3720 Prairie Lake Court in Aurora. At the time of sale, the portfolio was 93 percent leased to 10 different tenants. Kurt Sarbaugh, Robin Stolberg, Stephen Skok and Sam Berry of HFF marketed the portfolio on behalf of the seller, Globe Corp.

October 30, 2018

Acquisitions Data Centers Industrial Midwest Ohio

Romans Properties Brokers $9.3M Sale of Data Center in Canton, Ohio

by Kristin Harlow October 30, 2018

CANTON, OHIO — Romans Properties has brokered the sale of a 30,000-square-foot data center in Canton for $9.3 million. The property, located at 4726 Hills and Dales Road, is fully leased to Secure Data 365. Chriss Orr of Romans represented the buyer, an institutional client. The seller was not disclosed.

October 30, 2018

Acquisitions Industrial Northeast Pennsylvania

Markward Group Brokers Sale of 20,096 SF Industrial Building in Pennsylvania

by David Cohen October 29, 2018

EASTON, PA. — Markward Group has brokered the sale of a 20,096-square-foot industrial building in Easton. The sales price was undisclosed. The property is located at 1298 Spruce St. Matt Macdonald of Markward Group represented the seller, Ealer Realty Corp., in the transaction. VM Realty Group represented the buyer, GLCJ Holdings LLC. The building was the former location of Ealer Electric and United Electric Supply.

October 29, 2018

Industrial Leasing Activity Texas

Door Manufacturer Signs 172,120 SF Industrial Lease in Irving

by Taylor Williams October 29, 2018

IRVING, TEXAS — Chase Industries, a Cincinnati-based manufacturer of custom traffic doors, has signed a 172,120-square-foot industrial lease within Liberty Park GSW in Irving. The company will occupy all of Building 1, the shell construction of which is expected to be complete this week. Kurt Griffin, Nathan Orbin and David Eseke of Cushman & Wakefield represented the landlord, Liberty Property Trust, in the lease negotiations. Colliers International represented Chase Industries.

October 29, 2018

Development Industrial Nevada Western

Alston Construction Breaks Ground on 204,000 SF Speculative Warehouse in North Las Vegas

by Amy Works October 29, 2018

NORTH LAS VEGAS, NEV. — Alston Construction, serving as general contractor, has broken ground on a warehouse property at Centennial Corporate Park, an industrial park in North Las Vegas. Speedway 10 Industrial, a joint venture between LaSalle Investment Management and Panattoni Development, owns the property. Situated on 10 acres, the 204,000-square-foot, cross-dock industrial warehouse will feature 32-foot clear heights, ESFR sprinklers, LED warehouse lighting and flexible office build-outs. The speculative development is valued at $14 million. Panattoni Development is developing Centennial Corporate Park, which is slated for completion in second-quarter 2019.

October 29, 2018

Development Industrial Texas

Goodyear Tire to Open 1.2 MSF Industrial Facility in Metro Dallas

by Taylor Williams October 26, 2018

FORNEY, TEXAS — Goodyear Tire Co. will open a 1.2 million-square-foot warehouse and distribution center in Forney, a city located about 20 miles east of Dallas, according to a recent announcement from the Forney City Council. The property will be situated on 102 acres at the corner of South Gateway Boulevard and U.S. Highway 80. According to local media sources, a developer for the project, which is expected to create up to 160 new jobs, has not yet been named.

October 26, 2018

California Industrial Leasing Activity Western

Amazon Leases 1.1 MSF Industrial Building at NorCal Logistics Center in Stockton, California

by Amy Works October 26, 2018

STOCKTON, CALIF. — Amazon has signed a lease with CT Realty to occupy a newly constructed, 1.1 million-square-foot industrial building at NorCal Logistics Center in Stockton. Located at 4532 Newcastle Road, the fulfillment center offers proximity to Burlington Northern Santa Fe, Union Pacific intermodal facilities, SR-99 and interstates 5, 205 and 580. Terms of the lease were not disclosed. The transaction marks the completion of CT’s approximately 1.7 million-square-foot first phase of the 345-acre NorCal Logistics Center, following the sale of two completed buildings, totaling 575,127 square feet, to Prologis in June. CT Is underway on the second phase of the development: five buildings, totaling 2.7 million square feet, built as a mix of speculative and build-to-suit projects.

October 26, 2018

Acquisitions Development Industrial Washington Western

Terreno Realty Buys Industrial Development in Washington for $12.4M

by Amy Works October 26, 2018

KENT, WASH. — Terreno Realty Corp. has acquired an industrial property, currently under construction at 8615 S. 192nd St. in Kent, for $12.4 million. The name of the seller was not released. Situated on 12.7 acres, the 220,000-square-foot, rear-load industrial distribution facility is slated for completion by the end of 2019. The property will feature 47 dock-high and two grade-level loading positions, 36-foot clear heights, and parking for 137 cars and 30 trailers. The estimated stabilized cap rate of the property is 5.6 percent and the total expected investment is $33.9 million.

October 26, 2018

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