RESTON, VA. — CoreSite Realty Corp. has received final approval from the Fairfax County Board of Supervisors to expand the scope of its planned data center campus in Reston. With the approval, CoreSite can build an additional 289,000 square at the campus, bringing the total square footage to 900,000, or more than 100 megawatts. CoreSite acquired the 21.2-acre light industrial/office park in 2016. The data center provider already owns an existing facility in Reston. Upon full build-out of the expansion, its Northern Virginia data center footprint will span nearly 1.4 million square feet. CoreSite is one of the world’s largest data center providers, with 20 facilities under management across New York, Boston, Denver, Chicago, Miami, Silicon Valley, Los Angeles and Northern Virginia.
HOUSTON — Chicago-based Brennan Investment Group LLC has acquired Hempstead Business Park, a 12-building industrial property located at 10612-10616 Hempstead Highway in northwest Houston. The buildings total 133,850 square feet and were 92 percent occupied at the time of sale. The seller was not disclosed.
OKLAHOMA CITY — CBRE has negotiated a 153,130-square-foot industrial lease at 4200 SE 59th St. in Oklahoma City on behalf of Dex Heavy Duty Parts LLC, a North Carolina-based auto parts manufacturer. David Portman of CBRE represented the tenant in the lease negotiations. The property, which was built in 2002, is a distribution warehouse with 25-foot ceiling heights and 29 dock-high doors. The owner of the property is OKC 59th Street LLC.
NORTH STONINGTON, CONN. — Electric Boat Corp. has signed a 125,000-square-foot lease at a flex building located at 25 Norwich Westerly Road in North Stonington. The building consists of 53,376 square feet of office space and 72,439 square feet of warehouse space. Electric Boat Corp. will occupy the entire building based on their expansion requirements. Colliers International represented the landlord, Mashantucket Pequot Tribal Nation, in the transaction. CBRE/New England represented the tenant.
PERRYSBURG TOWNSHIP, OHIO — Contegra Construction is underway on an $82 million expansion of a Walgreens warehouse and distribution center in Perrysburg Township, about 12 miles south of Toledo. Completion of the 380,000-square-foot expansion is slated for summer 2019. The facility currently totals 650,000 square feet. Approximately 680 workers are employed at the site. Contegra will use tilt-up concrete panels to complete the project, which will feature 40- and 50-foot clear heights, 40 new dock doors, an automated storage and receiving system and conveyers. The new portion of the facility will be fully climate-controlled. Other features include LED lighting and break room and office spaces. Walgreens owns the facility.
FAIRFIELD, OHIO — Marcus & Millichap has brokered the $7.1 million sale of a 158,500-square-foot industrial warehouse in Fairfield, about 25 miles north of Cincinnati. In a simultaneous transaction, Packaging Corp. of America has signed a 10-year lease at the property. Sean O’Brien of Marcus & Millichap marketed the property on behalf of the seller, a private investor. A REIT purchased the asset, which is located at 3840 Port Union Road.
TIJUANA, MEXICO — Atisa Industrial has completed construction of Diamante, multi-tenant industrial property located in Tijuana, approximately 20 miles from the San Diego border. Situated within Pacific Industrial Park, the 219,571-square-foot property features 3,892 square feet of office space and a 266-square-foot security booth Additionally, the building features 28-foot clear heights, 14 docks, two drive-in ramps, 152 car parking spaces and 11 trailer sparking stalls. The Class A property is divisible for up to two tenants.
ROCK HILL, S.C. — McCraney Property Co. has signed a 507,512-square-foot lease with NFI at Logistics 77 @ Riverwalk in Rock Hill, roughly 27 miles south of Charlotte in South Carolina. NFI, a supply chain solutions provider and one of the primary third-party logistics providers to Amazon, will be the sole tenant at the facility. Warren Snowdon and David Hanna of Foundry Commercial arranged the lease on behalf of McCraney, which developed the building. Logistics 77 @ Riverwalk is located within Riverwalk Business Park, a 1,000-acre mixed-use project that includes housing, retail, office and industrial properties.
BURBANK, CALIF. — BKM Capital Partners has acquired Backlot Burbank, a 12-building industrial business park located at 4100-4210 W. Vanowen Place, 2303-2333 N. Valley St. and 4400-4510 W. Vanowen St. in Burbank. A joint venture between Shubin Nadal Associates and Penwood Real Estate Investment Management, through its Penwood Select Industrial Partners IV value-added investment vehicle, sold the property for $85 million. At the time of sale, the 302,869-square-foot asset was 100 percent occupied by 16 tenants with unit sizes ranging from 6,000 square feet to 100,217 square feet. BKM Capital Partners plans to implement a series of capital improvements to the property, including new roofs, paint and tenant and monument signage. CBRE represented the seller in the deal.
SAN LEANDRO, CALIF. — Terreno Realty Corp. has purchased a multi-building industrial asset located at 2700 Merced St. in San Leandro. An undisclosed seller sold the property for $36 million. Situated on 14.8 acres, the asset consists of three distribution buildings totaling 209,000 square feet, a 16,000-square-foot office building and an improved land parcel. The property features 12 dock-high and four grade-level loading positions and parking for 374 cars. At the time of acquisition, the asset was 81.6 percent leased to seven tenants, four of which have no renewal options and leases that will expire on or before Dec. 31, 2020. Depending on the leasing outcomes over the next year, Terreno Realty may choose to redevelop part of all of the property.