Industrial

Cushman & Wakefield Brokers $12M Sale of Benicia Industrial Park in California

by Amy Works September 25, 2018

BENICIA, CALIF. — Cushman & Wakefield has arranged the sale of Benicia Industrial Park in South Solano County. Benicia Partners sold the property to Sarkissian Trust for $12 million. Located at 5500 E. Second St. in Benicia, the property features 63,108 square feet of flex and R&D space. At the time of sale, Bio-Rad Laboratories fully occupied the building. Brooks Pedder, Douglas Longyear and Tony Binswanger of Cushman & Wakefield’s Walnut Creek, Calif., and San Francisco offices represented the buyer and seller in the deal.

September 25, 2018

Development Industrial Texas Top Stories

Coca-Cola Bottler to Break Ground on $250M Plant in Houston

by John Nelson September 25, 2018

HOUSTON — Coca-Cola Southwest Beverages (CCSWB), a Dallas-based subsidiary of Mexican Coca-Cola bottler Arca Continental, is breaking ground today on its new $250 million production and distribution facility in Houston. The new facility will be the first new Coca-Cola plant built in the United States in a decade. Situated within Pinto Business Park, the 1 million-square-foot facility will include manufacturing with five new production lines, distribution, warehouse and sales. Pinto Business Park is a Hines-owned campus spanning 971 acres in northwest Houston. “Coca-Cola has been a part of the greater Houston community for more than 100 years,” says Mark Schortman, president and CEO of CCSWB. “Since opening our first facility in 1902, consumer dynamics have changed and the population in the Houston metro area has increased tremendously. We need to expand and grow our production facility to invest in the future and provide our wide variety of beverages.” In May, after a little over a year of becoming the first Latin American bottler to operate within the U.S. Coca-Cola network, Arca Continental announced the new facility, which is one of the largest current capital investments in Texas by a Mexican company. “The projected investment for this facility reflects our long-term …

September 25, 2018

Acquisitions Industrial New Jersey Northeast

JLL Negotiates $3.6M Sale of Flex Facility in Somerset, New Jersey

by David Cohen September 24, 2018

SOMERSET, N.J. — JLL has negotiated the $3.6 million sale of a 41,000-square-foot flex facility in Somerset. Located at 21 Worlds Fair Drive, the property includes 11,215 square feet of office space. The warehouse portion of the facility features 18-foot ceiling heights, five loading docks and one drive-in door. Chad Hillyer and Brian Golden of JLL represented the buyer, The Silverman Group, in the transaction. The seller was undisclosed. JLL will serve as leasing agents for the building.

September 24, 2018

Acquisitions Arizona Industrial Western

ViaWest Group Sells 103,511 SF Industrial Property in Phoenix for $6.3M

by Amy Works September 24, 2018

PHOENIX — Phoenix-based ViaWest Group has completed the sale of Tiger Industrial, an industrial property located at 4901-4929 W. Van Buren St. in Phoenix. Los Angeles-based Dunbar Real Estate Investment Management acquired the building for $6.3 million. Will Strong of Cushman & Wakefield represented the seller, while the buyer was self-represented in the transaction. The 103,511-square-foot industrial facility was originally part of a larger portfolio of thematic properties that ViaWest purchased in 2014.

September 24, 2018

Arizona Conference Coverage Features Industrial Western Western Feature Archive

InterFace Brokerage Panel: Phoenix Industrial ‘Moving Up the Food Chain’

by Jaime Lackey September 21, 2018

The InterFace Phoenix Industrial conference and networking event was held on Wednesday, Sept. 12, featuring three panel discussions. The brokerage panel, moderated by Rob Martensen, executive vice president with Colliers International, featured a lively discussion about activity in local submarkets and a recap of the reasons Phoenix is winning deals over Southern California and Nevada. Industrial Activity in Arizona Microsoft recently purchased 267 acres for a data center in the West Valley, said Anthony Lydon, national director, Industrial Supply Chain & Logistics Solutions with JLL. Qualified data centers receive waivers on personal property tax for 10 years, Lydon said, noting that each rack in a data center is approximately $1 million in personal property, so data centers are certainly enjoying the benefits of locating in Arizona. Arizona will also be a huge winner in the manufacturing sector, Lydon added. He cited Colorado-based food packaging provider Ball Corp. as an example of a company that was looking at Mexico for space before the 2016 election but has since opened a plant in the West Valley submarket of Phoenix due to the strategic location between Mexico and Southern California. Minnesota-based Andersen Windows & Doors is buying 64 acres from Opus to build …

September 21, 2018

Acquisitions Industrial New Hampshire Northeast Self-Storage

Skyview Advisors Negotiates Sale of 419-Unit Self-Storage Facility in New Hampshire

by David Cohen September 21, 2018

LONDONDERRY, N.H. —Skyview Advisors has negotiated the sale of Life Storage, a 419-unit self-storage facility in Londonderry. The sales price was undisclosed. Ryan Clark and Parker Sweet of SkyView Advisors represented the undisclosed seller. Located at 6 Smith Lane, Life Storage is situated on more than 5 acres and has a total of 50,466 net rentable square feet. The facility includes 246 climate-controlled units and 173 non-climate controlled units.

September 21, 2018

Acquisitions Colorado Industrial Office Western

Colony Northstar Sells 78,787 SF Office/Warehouse Property in Denver for $7M

by Amy Works September 21, 2018

DENVER — Colony Northstar has completed the sale of an office/warehouse facility located at 1550 W. Evans Ave. in Denver. Calhoun Street Industrial and Matrix Group acquired the property for $7 million. Matrix Group will assume the leasing and management of the property. Situated within the West Evans Industrial Park, the 78,787-square-foot property was built in 1975 and was 93 percent leased at the time of sale. The asset features twin-t construction, 18-foot clear heights and a combination of drive-in loading and dock-high doors. Jason White, Ryan Sitov and Carmon Hicks of JLL Denver negotiated the transaction.

September 21, 2018

Industrial Leasing Activity North Carolina Southeast

Avison Young Arranges 156,899 SF Industrial Lease with Medical Equipment Provider Near Charlotte

by Camren Skelton September 21, 2018

CONCORD, N.C. — Avison Young has arranged a 156,899-square-foot lease with Transtate Equipment Co. at 1040 Derita Road within Concord Airport Business Park, a 2.1 million-square-foot industrial park in Concord. Christopher Skibinski, Henry Lobb and Tom Tropeano of Avison Young negotiated the lease on behalf of the building owner, The Silverman Group. Lawrence Shaw and Justin Smith of Colliers International represented Transtate. The medical equipment provider is consolidating and expanding its existing presence in the greater Charlotte market and moving into a portion of a new 252,000-square-foot building within the park. The development is located within three miles of Interstates 85 and 485, and roughly 25 miles northeast of Charlotte. Silverman Group has developed Concord Airport Business Park in three phases over the last four years. The last building, a 410,000-square-foot speculative facility, is slated for completion in the fourth quarter.

September 21, 2018

Industrial Loans Massachusetts Northeast

EagleBridge Capital Arranges $14M Permanent Financing for Industrial Facility Near Boston

by David Cohen September 20, 2018

WEST BRIDGEWATER, MASS. — EagleBridge Capital has arranged $14 million in permanent financing for One United Drive, a 315,000-square-foot industrial facility in West Bridgewater. The property is currently leased to Cheer Pack North America, a developer and manufacturer of packaging equipment for the food and beverage industry. Brian Sheehan and Ted Sidel of EagleBridge Capital arranged the financing on behalf of an undisclosed borrower through a Massachusetts-based financial institution. One United Drive includes 30,000 square feet of office space and 285,000 square feet of manufacturing and distribution space on a 29-acre site. The facility features 40 loading docks.

September 20, 2018

Acquisitions California Industrial Western

Duke Realty Acquires 25.5-Acre Industrial Development Site in Irwindale, California

by Amy Works September 20, 2018

IRWINDALE, CALIF. — Duke Realty has purchased a 25.5-acre land parcel located at 13131 Los Angeles St. in Irwindale for an undisclosed amount. The site is zoned and entitled for heavy industrial users and can accommodate a variety of layouts, including a nearly 500,000-square-foot warehouse. Additionally, the property features Interstate 605 frontage. Darla Longo and Barbara Perrier of CBRE and Andy White of Colliers International represented the undisclosed private seller in the deal.

September 20, 2018

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