Industrial

ZWL Properties Purchases 138,000 SF Warehouse in Chicago

by Kristin Harlow March 10, 2017

CHICAGO — ZWL Properties has purchased a 138,000-square-foot office and warehouse property in Chicago. The two-story building is situated on 5.1 acres at 5000 W. Bloomingdale Ave. ZWL plans to convert the building for multi-tenant use. Exterior remodeling will include new roofing, gutters, fencing and window replacement. Interior remodeling will involve the construction of new tenant spaces and restrooms in addition to new plumbing, heating and electrical systems. An adjacent 31,250-square-foot land parcel will be resurfaced for parking. Shai Romirowsky of Eastern Union Funding arranged $2.2 million in acquisition and renovation financing for the purchase.

March 10, 2017

California Industrial Western

Sares Regis to Build Nine Industrial Buildings in Thousand Oaks

by Nellie Day March 9, 2017

LOS ANGELES — Sares Regis Group (SRG) has broken ground on nine industrial buildings in the Los Angeles submarket of Thousand Oaks. The buildings will contain a total of 507,878 square feet. The facilities are being built to LEED specifications on the remaining 29 acres in the Conejo Spectrum business park in Conejo Valley. They are scheduled for completion in the fourth quarter. John DeGrinis, Patrick DuRoss and Jeff Abraham of Colliers International represented SRG.

March 9, 2017

California Industrial Western

Sean Pathiratne Acquires 256,000 SF Industrial Facility in Stockton for $18M

by Nellie Day March 9, 2017

STOCKTON, CALIF. — Sean Pathiratne, owner of Buzz Oates’ subsidiary CVICH Stockton LLC, has purchased a 256,671-square-foot industrial building in Stockton for $18 million. The building is located at 2845 Boeing Way. The facility is situated near BNSF & Union Pacific Railroad Intermodal facilities. The building joins two other properties owned by Pathiratne, which are used for warehousing and distribution. Greig Lagomarsino and Michael Goldstein of Colliers International executed the transaction.

March 9, 2017

California Industrial Western

CenterPoint Properties Plans 404,600 SF Industrial Development in Manteca

by Nellie Day March 9, 2017

MANTECA, CALIF. — CenterPoint Properties plans to develop a 404,600-square-foot industrial facility at CenterPoint Intermodal Center in Manteca, just south of Stockton. The build-to-suit project will be situated on 25 acres adjacent to the domestic Union Pacific Intermodal. CenterPoint is building the facility for 5.11 Tactical, a brand of tactical apparel and gear.

March 9, 2017

Industrial Texas

Stream Realty Partners Announces 152,000 SF Business and Industrial Development in Frisco

by Taylor Williams March 9, 2017

FRISCO, TEXAS — Stream Realty Partners has announced plans for a new, 152,00-square-foot development in Frisco Park 25, a 216-acre, master-planned business and industrial park located at Preston Road at Rockhill Parkway in Frisco. PowerSecure Lighting, a manufacturer of LED lighting products, will anchor the Class A development with a 76,000-square-foot lease. Cannon Green and Bob Hagewood of Stream will oversee leasing of the project, which is slated to launch in 2018.

March 9, 2017

Industrial Kansas Midwest

Simmons Pet Foods Signs 42,960 SF Industrial Lease in Topeka

by Kristin Harlow March 9, 2017

TOPEKA, KAN. — Simmons Pet Foods has signed a 42,960-square-foot industrial lease in the Forbes Industrial Park in Topeka. The building is located at 7215 SW Topeka Blvd. Jerry Fogel of Kessinger/Hunter negotiated the lease transaction. The Arkansas-based pet food manufacturer also maintains an operations plant in Emporia, Kan.

March 9, 2017

Industrial New Jersey Northeast

NAI Mertz Secures Sale-Leaseback for 55,000-SF Industrial Building in Swedesboro, N.J.

by Haisten Willis March 9, 2017

SWEDESBORO, N.J. — NAI Mertz has secured a sale-leaseback transaction at 509 Heron Drive, a 55,000-square-foot industrial building in Swedesboro. A subsidiary of Burton Real Estate purchased the building. NAI Mertz’s Jonathan Klear and Fred Meyer were the sole brokers in the transaction. Located within Pureland Industrial Complex, 509 Heron Drive features a crane-served warehouse and an existing two-story office, as well as a computer room, and reception and kitchen areas. Situated on a 14.7-acre lot, the building features two drive-in doors, five loading docks and one drive-thru service bay. The warehouse includes 22-foot clear ceiling heights and 40-foot by 40-foot column spacing. The warehouse area also includes five cranes. Offering access to Exit 10 of I-295, Pureland Industrial Complex is home to tenants such as Amazon, Home Depot and Mitsubishi.

March 9, 2017

Industrial New Jersey Northeast Office

Stafford Smith Realty Arranges $5.5M Sale of 75,000 SF Office/Warehouse Building in Eatontown, N.J.

by Haisten Willis March 9, 2017

EATONTOWN, N.J. — Ray Smith of Stafford Smith Realty has arranged the $5.5 million sale of 40 Christopher Way, Block 3901, Lot 46 in Eatontown to Victory International. The building formerly served as the headquarters of DSCI, a government defense contractor. Victory International is a distributor of cosmetics and perfumes and is relocating from Edison, N.J. Stafford Smith Realty was the broker for both the seller and the buyer. Stafford Smith marketed the property with Keen Associates for Bank of America. The building sits on seven acres and consists of 45,000 square feet of offices and 30,000 square feet of warehouse space.

March 9, 2017

Industrial New York Northeast

Cushman & Wakefield Brokers $4.5M Sale of Land in Brooklyn

by Haisten Willis March 9, 2017

NEW YORK CITY — On behalf of Li & Associates Development, Cushman & Wakefield has brokered the sale of a 16,500-buildable-square-foot development site at 296-300 St. Nicholas Ave. in Bushwick, Brooklyn to 300 St. Nicholas LLC. The all-cash transaction was valued at $4.5 million or approximately $273 per buildable square foot.

March 9, 2017

Industrial Northeast Pennsylvania

Ridgeline Property Group to Develop 1.5 Million SF Logistics Campus in Allentown, Pa.

by Haisten Willis March 8, 2017

ALLENTOWN, PA. — Ridgeline Property Group (RPG) will redevelop a former Kraft facility site located at 7352 Industrial Boulevard into a Class A rail-accessible logistics campus. RPG has acquired the 92-acre site and will build two distribution facilities totaling up to 1.5 million square feet. The project, known as Park 100 Logistics Center, will be located approximately one mile from the Route 100/I-78 Interchange. Demolition of the Kraft facility has commenced. The initial phase of Park 100 Logistics Center, a 730,080-square-foot distribution facility, is slated for completion in the first quarter of 2018. Jake Terkanian, Joe McDermott and Vincent Ranalli of CBRE’s Philadelphia office will market the property. Park 100 Logistics Center will feature 36-foot clear heights, a cross-docked loading configuration, four drive-in doors per building, 56-foot by 50-foot column spacing, 70-foot speed bays, early suppression fast response (ESFR) fire sprinklers, parking for 982 cars/light trucks and 376 trailer storage stalls.

March 8, 2017

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