GEORGETOWN, TEXAS — Brennan Investment Group LLC, a private real estate investment firm, has acquired a three-building industrial campus located at 3000 S. Austin Ave. in Georgetown. The 192,060-square-foot development is 100 percent leased to Manitex Inc., a provider of lifting and loading products. The property has access to I-35.
EDGERTON, KAN. — Aerospace parts supplier Triumph Group has opened its new factory in Edgerton. The Berwyn, Pa.-based company began relocating its operations from Grandview, Mo., to the new facility in September and expects the move to be complete by June 2017. Located within Logistics Park Kansas City, the 156,000-square-foot manufacturing plant was built to accommodate the company’s growth and expanding technologies. The factory is the company’s new Small and Medium Parts Center of Excellence, which makes machining and assembly of aircraft components made from aluminum and various hard metal alloys. Products that will be made at the plant include landing gear structure and assemblies, seat/cargo tracks, floor beams, thrust reverser beams, stringer end fittings, wing attach fittings, installation brackets, hinge arm assemblies and engine inlet assemblies.
OCONOMOWOC, WIS. — The Dickman Company/CORFAC International has brokered the sale of an industrial building located at 940 Blue Ribbon Circle North in Oconomowoc. Ohkool Investments acquired the 30,000-square-foot property from PF – Commerce Unit I LLC for an undisclosed sum. Samuel Dickman, Zach Noble and Anthony Huenerbein of The Dickman Company brokered the transaction.
AUSTIN, TEXAS — NXT Capital has financed the acquisition of seven multi-tenant warehouse/distribution buildings in Austin. The buildings total 460,000 square feet. The properties offer access to metro Austin via I-35, Highway 290, Highway 183 and Loop 1. All are within a 30-minute drive to Austin-Bergstrom International Airport. Seth Parker in the Dallas office of NorthMarq Capital brought the loan to NXT Capital.
KEMAH, TEXAS — Waterman Steele Real Estate Advisors has negotiated the sale of 30 acres in Kemah. Zircon Properties Inc., a Maryland corporation, and Beethoven Realty Associates, a Maryland limited liability company, were the sellers. The Galveston Bay Foundation, a Texas nonprofit corporation, was the buyer. The land is located on the east side of State Highway 146 near its intersection with State Highway 96. Waterman Steele’s Lance Gilliam and Adrian Ramirez represented the seller. Doug Nicholson with Newmark Grubb Knight Frank represented the buyer. The Galveston Bay Foundation was established in 1987 to address issues and concerns related to Galveston Bay. The foundation’s mission is to preserve, protect and enhance the natural resources of the Galveston Bay estuarine system and its tributaries for the community.
DALLAS — Sperry Commercial Global Affiliates has announced a new franchise affiliate, Dallas-based Engvest Commercial Realty LLC. The first Dallas/Fort Worth affiliate to join Sperry Commercial, Engvest was founded by Daniel Eng to serve its clients as a full-service commercial real estate investment firm. Eng and his business partner Calvin Wong will provide leasing, acquisitions, disposition and property management services under the Sperry Commercial Global Affiliates brand. Engvest brings more than 1 million square feet of retail center listings to the platform.
SAN DIEGO — Westcore Properties has purchased a four-property industrial portfolio in San Diego for $75 million. The portfolio contains a total of 514,169 square feet spread over 22 buildings. The portfolio includes 16990 Goldentop Road in Rancho Bernardo; 500-938 S. Andreasen Drive in Escondido; and 133-155 Mata Way and 540-550 Pacific St. in San Marcos. Westcore will perform cosmetic improvements at each property, which will include landscaping and painting, as well as maintenance and upgrades for HVAC systems, asphalt and roofs. Rick Reeder and Brad Tecca of Cushman & Wakefield were the brokers of record for this transaction. The seller was TA Realty.
GOODYEAR, ARIZ. — REI will build its new distribution center in Goodyear to be net zero energy as it pursues LEED-Platinum — the highest level in the U.S. Green Building Council’s (USGBC) rating system. Situated in the Arizona desert, the facility is intended to be one of the world’s most sustainable distribution centers. REI is driving sustainability and efficiency at its new distribution center in several new ways: • The facility’s 2.2 megawatt solar system produces renewable energy on-site, enough to power the entire facility annually. The system is expected to provide REI with 20 years of free energy and pay for itself in five years. • REI and its partners have designed an omnichannel one-touch fulfillment system, enabling one person to process items eight times faster than the typical distribution center. • The distribution center will help restore the nearby Verde River, enhancing water flows and recreation access. • The distribution center features a non-evaporative cooling system fully powered by renewable energy, saving millions of gallons of water every year. Butler Design Group designed the facility in collaboration with Rocky Mountain Institute. The developer is Merit Partners Inc., and the builder is The Renaissance Companies. DMW&Hand KNAPP led technology design, …
KENOSHA, WIS., AND WARSAW, IND. — STREAM Capital Partners has arranged the sale-leaseback of a three-building portfolio of more than 151,000 square feet of industrial space in Kenosha and Warsaw. The properties are located at 3724 N. State Road and 486E 350N in Warsaw and 5307 95th Ave. in Kenosha. Tecomet sold the portfolio to an undisclosed REIT for $8 million. The seller then leased back three of properties as a long-term triple-net lease with periodic rent increases and multiple options for renewal from the new owner. Jonathan Wolfe and Jordan Shtulman of STREAM represented the seller in the transaction.
BENSALEM, PA. — Roddy Inc. has arranged the sale of an industrial facility located at 633 Dunksferry Road in Bensalem. Nytef Bensalem LLC sold the 101,747-square-foot property to Liberty Bell Properties LLC for $4.8 million. Situated on 11.1 acres, the property will be partially occupied by EDA Contractors, with 32,500 square feet of space available for lease. Robert Olender of Roddy Inc. represented the seller in the deal.