Industrial

CBRE Arranges Sale-Leaseback of 100,000 SF Industrial Facility in Fairfield, New Jersey

by Alex Patton October 10, 2019

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.

October 10, 2019

Industrial Leasing Activity Northeast Pennsylvania

NAI Mertz Negotiates 11,250 SF Industrial Lease in Philadelphia

by Alex Patton October 10, 2019

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.

October 10, 2019

Illinois Industrial Leasing Activity Midwest

Five Tenants Sign Industrial Leases Totaling 860,296 SF at Duke Realty-Owned Properties in Metro Chicago

by Kristin Harlow October 10, 2019

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 …

October 10, 2019

LogistiCenter-at-Park-Meridian-Riverside-CA

California Development Industrial Western

Dermody Properties Completes 262,260 SF LogistiCenter at Park Meridian in Riverside, California

by Amy Works October 9, 2019

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.

October 9, 2019

Acquisitions California Industrial Western

Rexford Industrial Realty Acquires 126,317 SF Newbury Industrial Park in Southern California for $23.3M

by Amy Works October 9, 2019

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.

October 9, 2019

Acquisitions Industrial Lee & Associates Texas

Lee & Associates Brokers Sale of Two Industrial Buildings Totaling 151,700 SF in Arlington

by Taylor Williams October 9, 2019

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.

October 9, 2019

Industrial Leasing Activity Texas

Holt Lunsford Arranges 24,399 SF Industrial Lease in Coppell, Texas

by Taylor Williams October 9, 2019

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.

October 9, 2019

Acquisitions District of Columbia Industrial Southeast

MAC Realty Divests of Warehouse in D.C. for $13.3M

by Alex Tostado October 9, 2019

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.

October 9, 2019

Acquisitions Industrial New Jersey Northeast

CenterPoint Properties Acquires 74,304 SF Industrial Property in Jersey City

by Alex Patton October 8, 2019

JERSEY CITY, N.J. — CenterPoint Properties has acquired 101 Linden Avenue East, a 74,304-square-foot industrial building in Jersey City, a western suburb of New York City. The site offers 50 automobile spaces and comes with an extra 1.5 acres of land that can accommodate parking spaces for 55 delivery vehicles and includes a 3,000-square-foot vehicle maintenance facility. Additionally, the property possesses approximately 30,000 square feet of temperature-controlled warehouse. Stan Danzig, Steve Elman, Jules Nissim and Michael Terranova of Cushman & Wakefield represented the undisclosed seller in the transaction.

October 8, 2019

Industrial Leasing Activity Texas

Hunt Southwest Signs Tenant for 300,000 SF Cold Storage Facility in Fort Worth

by Taylor Williams October 8, 2019

FORT WORTH, TEXAS — Locally based developer Hunt Southwest has landed a tenant for a full-building, 300,000-square-foot lease at DFW Coldspot, the company’s speculative cold storage facility located within Carter Industrial Park in Fort Worth. The tenant is Emergent Cold, a cold chain solutions firm with a significant presence in Australia. Hunt Southwest estimates occupancy will occur in late first quarter 2020. David Sours and Kevin Kelly of CBRE’s Food Facilities Group represented Hunt Southwest in the lease negotiations. David Norrie, also a cold storage specialist with CBRE, represented Emergent Cold. A number of other food and beverage distributors, including Tyson Foods, Schwan Food Co., Mother Parker’s Tea & Coffee and MillerCoors occupy space within Carter Industrial Park, which is near both Interstates 35 and 20 on the city’s south side.

October 8, 2019

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