Industrial

Matter-Logistics-West-Cheyenne-North-Las-Vegas-NV

Matter Real Estate Group Breaks Ground on 725,000 SF Industrial Project in North Las Vegas

by Amy Works August 7, 2019

NORTH LAS VEGAS — Development firm Matter Real Estate Group has broken ground on Matter Logistics Center @ West Cheyenne, a light industrial and warehouse project at the northeast corner of West Cheyenne Avenue and Valley Drive in North Las Vegas. Slated for completion in February 2020, the $70 million, modern master-planned project spans more than 41 acres. Matter Logistics Center @ West Cheyenne will feature five buildings varying in scope and size offering warehouse, distribution, office and showroom space, as well as ample parking and trailer storage. Ranging from 11,000 square feet to 478,000 square feet, units will also feature ample dock and at-grade loading with 36-foot clear heights. The units will be available for sale, lease and build-to-suit, with Matter Real Estate Group offering customized build-outs.

August 7, 2019

Federal-Way-Industrial-Portfolio-Federal-Way-WA

Acquisitions Industrial Washington Western

BKM Capital Partners Buys 133,595 SF Industrial Portfolio in Metro Seattle for $14.7M

by Amy Works August 7, 2019

FEDERAL WAY, WASH. — BKM Capital Partners has purchased Federal Way Industrial Portfolio, a two-property portfolio in Federal Way. A private investor sold the eight-building portfolio for $14.7 million in an off-market transaction. Totaling 133,595 square feet, the properties are located at 34004-34016 Ninth Ave. South, 33623-33799 Ninth Ave. South and 801-815 S. 336th St. At the time of sale, the multi-tenant asset was 75 percent occupied. BKM plans to invest $3 million in capital improvements to renovate and reposition the properties, including the conversion of one building from office to industrial. Max White and Nicholas Ratzke of Nail Walter Co. represented both parties in the transaction.

August 7, 2019

Acquisitions California Industrial Western

Mid Cal Industrial Properties Directs Purchase of 21.3 Acres of Industrial Land in Tracy, California

by Amy Works August 7, 2019

TRACY, CALIF. — Mid Cal Industrial Properties has arranged the acquisition of 21.8 acres of industrial land in Tracy. Bigge Crane & Rigging Co. purchased the land parcel from Shimmick Construction/AECOM as a potential future site for its central valley heavy equipment yard. No date has been set for starting development on the site, which is currently being held for future expansion. Tim Pryor of Mid Cal Industrial Properties represented the seller, while Redwood Property Investors represented the buyer in the deal.

August 7, 2019

Illinois Industrial Leasing Activity Midwest

Wholesale Interiors Signs 551,200 SF Industrial Lease in Aurora, Illinois

by Kristin Harlow August 7, 2019

AURORA, ILL. — Wholesale Interiors has signed a 551,200-square-foot industrial lease to fully occupy 2805 Duke Parkway in Aurora. The furniture supplier is subleasing the space from Follett Corp. on a three-year basis and will expand its operations from Bensenville. Owned by Duke Realty, the facility features a clear height of 32 feet, 74 dock doors, four drive-in doors, 73 trailer parking stalls and 153 car parking stalls. The property also includes 25,000 square feet of office space. Christopher Volkert and Brian Kling of Colliers International represented Follett Corp. in the lease transaction.

August 7, 2019

Acquisitions Industrial Iowa Midwest

Stan Johnson Co. Brokers $16.9M Sale of Iowa Industrial Portfolio

by Kristin Harlow August 7, 2019

IOWA — Stan Johnson Co. has brokered the sale of a four-building industrial portfolio across Iowa for $16.9 million. The properties total nearly 684,000 square feet and are leased to a subsidiary of Magna International Inc. The buildings include 408 and 411 Maplewood Ave. in Williamsburg, 403 S. 8th St. in Montezuma, and 1951 A Ave. in Victor. Rob Gemerchak and Jeff Hughes of Stan Johnson represented the seller, Granite REIT, a Toronto-based publicly traded real estate investment trust. New York-based GMS Equities purchased the portfolio.

August 7, 2019

Acquisitions Industrial Texas

Marcus & Millichap Arranges Sale-Leaseback of 145,375 SF Industrial Property in Metro Dallas

by Taylor Williams August 7, 2019

ROCKWALL, TEXAS — Marcus & Millichap has arranged the sale-leaseback of a 145,375-square-foot industrial property located at 2975 Discovery Blvd. in Rockwall, an eastern suburb of Dallas. The property was built on 12 acres in 2015. Adam Abushagur of Marcus & Millichap represented the seller and tenant, Col-Met Engineered Finishing Solutions, in the transaction. Abushagur also procured the buyer, an institutional investor.

August 7, 2019

Acquisitions Industrial Texas

Stream Realty Partners Brokers Sale of 127,270 SF Industrial Building in Dallas

by Taylor Williams August 7, 2019

DALLAS — Stream Realty Partners has brokered the sale of a 127,270-square-foot industrial building located at 4545 W. Davis St. in Dallas. The property was built in 2001, according to LoopNet Inc., and offers proximity to Dallas-Fort Worth International Airport. Cannon Green and Sarah Ozanne of Stream Realty Partners represented the seller, Orion Realty, in the transaction. Craig Jones and Caleb McCoy with JLL represented the buyer.

August 7, 2019

Industrial Leasing Activity Texas

Logistics Firm Signs 362,288 SF Industrial Lease Renewal in Metro Dallas

by Taylor Williams August 6, 2019

DESOTO, TEXAS — Signature Global Logistics Inc. has signed a 362,288-square-foot industrial lease renewal at I-20 Corporate Center in DeSoto, a southern suburb of Dallas. Ryan Boozer of Stream Realty Partners represented the tenant in the lease negotiations. Bradford Cos. represented the landlord, Series A of CMDS Trust and H&H Paramount LP.

August 6, 2019

Acquisitions California Development Industrial Office Western

Seefried Properties, Crow Holdings Acquire 24-Acre Site for Industrial Development in Riverside

by Amy Works August 6, 2019

RIVERSIDE, CALIF. — Seefried Properties, in partnership with Crow Holdings, has purchased a 24-acre site within Meridian Business Park, a 1,290-acre master-planned commerce and distribution center in Riverside. The buyers plan to develop three fully entitled speculative buildings totaling 375,000 square feet on the site. The buildings will feature 32-foot clear heights, 60 trailer spaces, 65 dock doors and 387 auto stalls. Construction is slated to begin in November with completion scheduled for second-quarter 2020. Phil Lombardo, Chuck Belden and Andrew Starnes of Cushman & Wakefield, along with Joe McKay and Chris Morrell of Lee & Associates, handled the transaction for Seefried Properties and Crow Holdings.

August 6, 2019

Acquisitions Industrial Kansas Midwest

Jones Development Acquires 311,100 SF Manufacturing Facility in Kansas

by Kristin Harlow August 6, 2019

NEW CENTURY, KAN. — Sumner Investment LLC, a local partnership arranged by Jones Development, has acquired a 311,100-square-foot distribution and manufacturing facility in New Century within Johnson County. The purchase price was not disclosed. The building is situated on 17.7 acres in the New Century AirCenter near I-35. The facility features clear heights ranging from 22 to 26 feet, 12,000 square feet of office space, 36 dock doors, six drive-in doors and 95 trailer parking stalls. The property will undergo a capital improvement plan.

August 6, 2019

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