Industrial

KeyBank Secures $19M in Financing for Warehouse Facility in Norton, Massachusetts

by Amy Works December 5, 2016

NORTON, MASS. — KeyBank Real Estate Capital, on behalf of NorthBridge Partners LLC, has secured a $19 million CMBS first mortgage loan for the acquisition of a warehouse and distribution facility located in Norton. Built in 1999 and renovated in 2004, the 347,000-square-foot property is occupied by Autopart International Inc. John Christen of KeyBank’s Commercial Mortgage Group structured the non-recourse loan with a 10-year term, five-year interest-only payment period and a 30-year amortization schedule.

December 5, 2016

California Industrial Western

Valencia Studios in Los Angeles Sells for $19.3M

by Nellie Day December 5, 2016

LOS ANGELES — A private partnership has acquired Valencia Studios, a 120,878-square-foot production studio in the Los Angeles submarket of Valencia, for $19.3 million. The four-building studio is located at 26030 Avenue Hall and 28343 Avenue Croker. The space has been used to produce such television shows as NCIS, Jag and the Power Rangers. The new buyer plans to continue operating the space as a production studio. Jeffrey Andrew of Cushman & Wakefield Pacific represented the buyers. CBRE’s Craig Peters and Robert Valenziano represented the sellers, Capital Foresight Limited Partnership and Valencia Studios NKG.

December 5, 2016

Industrial Washington Western

Cru Selections Leases 10,970 SF of Industrial Space at The Park at Woodinville

by Nellie Day December 5, 2016

WOODINVILLE, WASH. — Cru Selections has leased 10,970 square feet of industrial space at The Park at Woodinville. The property is located adjacent to one of the largest industrial winery locations in the state of Washington. Woodinville and its warehouse district have become home to over 100 wineries and tasting rooms over the last two decades. CBRE’s Erik Larsen represented Cru. Derek Heed of Colliers International represented the landlord, KBS Realty Advisors, in this transaction.

December 5, 2016

Industrial Midwest Wisconsin

Marcus & Millichap Arranges $16M Sale of 611,564 SF Distribution Center in Fond du Lac, Wisconsin

by Kristin Harlow December 5, 2016

FOND DU LAC, WISC. — Marcus & Millichap has arranged the sale of a 611,564-square-foot distribution center in Fond du Lac, about 40 miles west of Sheboygan, for $16 million. Built in 1977, the facility sits on 23.8 acres. Jeff Rowlett and Joe Powers of Marcus & Millichap represented the seller, a Madison-based private investor group, and the buyer, a group of private investors.

December 5, 2016

Industrial Michigan Midwest

Signature Associates Negotiates 109,000 SF Industrial Lease in Dearborn, Michigan

by Kristin Harlow December 5, 2016

DEARBORN, MICH. — Signature Associates has negotiated the lease of 109,000 square feet of industrial space for The Henry Ford. The building is located at 8747 Brandt Street. Jack Townsend of Signature Associates represented both the landlord, Brandt Street Properties LLC, and The Henry Ford.

December 5, 2016

Illinois Industrial Midwest

Aryzta Opens New 193,000 Distribution Center in Romeoville, Illinois

by Kristin Harlow December 2, 2016

ROMEOVILLE, ILL. — Aryzta has opened a new 193,000-square-foot distribution center in Romeoville, about 25 miles southwest of Chicago. The facility specializes in cold storage and will store foods that are made at the global baking company’s Chicagoland area bakeries. The company also has a bakery location in Romeoville. Meridian Design Build was the general contractor and WBS Equities LLC was the development manager. Ware Malcomb provided architectural and structural design services, while Jacob & Hefner Associates completed civil engineering work.

December 2, 2016

Industrial Texas

Colliers Facilitates Acquisition of 30,768 SF Industrial Property in Deer Park, Texas

by Amy Works December 2, 2016

DEER PARK, TEXAS — Colliers International has arranged the acquisition of an industrial facility located at 316 Georgia Ave. in Deer Park. The net-leased facility spans 30,768 square feet. Jason Tangen of Colliers represented the undisclosed buyer, while Beau Kaleel of Cushman & Wakefield represented the undisclosed seller in the deal. The acquisition price was not released.

December 2, 2016

Colorado Industrial Western

HFF Secures $295M Refinancing for Five Industrial Portfolios

by Nellie Day December 1, 2016

SALT LAKE CITY, DENVER AND PHOENIX — HFF has secured $294.6 million in financing for five industrial portfolios. The light industrial portfolios contain 59 properties in five states, including Utah, Colorado and Arizona. The portfolio features a total of 69 buildings encompassing more than 8 million square feet throughout Salt Lake City, Denver, Phoenix, Atlanta and Dallas. The transaction includes three 15-year, fixed-rate loans that were placed with Great-West Life & Annuity Insurance Co. and two 15-year, fixed-rate loans that were placed with Voya Investment Management. The proceeds will be used to refinance existing debt. HFF’s Joe B. Thornton Jr., John Rose, Jeremy Womack, Josh Simon and Gregg Shapiro worked on behalf of the borrower.

December 1, 2016

Industrial Loans Northeast Pennsylvania

HFF Arranges $6.1M Loan for Industrial Warehouse in Mechanicsburg, Pennsylvania

by Amy Works December 1, 2016

MECHANICSBURG, PA. — HFF has secured a $6.1 million loan for a vacant industrial warehouse property located at 4500 Westport Drive in Mechanicsburg. The borrower was a joint venture between Foxfield Ventures and Novaya Real Estate Ventures. Ready Capital Structured Finance provided the non-recourse, interest-only payment loan that features a two-year term and a one-year extension option with flexible pre-payment. The loan facilitated both the acquisition and future funding needs to implement a light capital improvement program at the 178,000-square-foot property. Situated on 11.2 acres, the property features 2,500 square feet of office space, 20 dock doors and 35-foot ceiling heights. Ryan Ade of HFF led the firm’s debt placement team that arranged the financing for the borrower.

December 1, 2016

Illinois Industrial Midwest

CyrusOne Begins Construction on Second Data Center in Chicago Suburb

by Kristin Harlow December 1, 2016

AURORA, ILL. — CyrusOne, a REIT specializing in carrier-neutral data center properties, has broken ground on a 425,000-square-foot data center at the company’s Aurora campus in suburban Chicago. Carrier-neutral data centers allow interconnection between multiple telecommunication carriers. This is the second center at the location. Construction is beginning on part of the land acquired in March 2016 as part of the sale-leaseback transaction with CME Group. The newest data center will provide CyrusOne customers involved in the global financial markets with additional space and connectivity. CyrusOne operates 35 carrier-neutral data center facilities across the United States, Europe and Asia.

December 1, 2016

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