Industrial

NAI Hanson Arranges Sale of 26,000 SF Industrial Building in South Hackensack, New Jersey

by Amy Works February 3, 2017

SOUTH HACKENSACK, N.J. — NAI James E. Hanson has brokered the sale of an industrial building located at 262 Green St. in South Hackensack. Alan Party Rental acquired the 26,000-square-foot building from A&E Green Realty, Rosemont Court Associates and Dody Road Associates for an undisclosed price. The freestanding building features 2,500 square feet of office space, 40 parking spaces, two tailgates and one drive-in door. Jeff DeMagistris and Thomas Vetter of NAI Hanson represented the sellers in the deal.

February 3, 2017

Industrial Northeast Pennsylvania

LBP Manufacturing Signs 101,935 SF Industrial Lease in Jessup, Pennsylvania

by Amy Works February 3, 2017

JESSUP, PA. — LBP Manufacturing has signed a lease for 101,935 square feet of industrial space at 7 Alberigi Drive in Jessup. The national food packaging manufacturer will occupy space at Endurance Real Estate Group’s three-building I-81/NEPA Bulk-Industrial Portfolio. Daniel Walsh and Gerry Blinebury of Cushman & Wakefield represented the landlord, an affiliate of Endurance, while Jason Webb, Lee Fittipaldi and Kris Bjorson of JLL represented the tenant in the deal.

February 3, 2017

Industrial Texas

Medline Industries Opens $59M Distribution Center in Metro Dallas

by Amy Works February 2, 2017

WILMER, TEXAS — Medline Industries has opened an 800,000-square-foot distribution center in Wilmer, a suburb of Dallas. The $59 million facility is located at Medline Drive and Interstate 45 within Sunridge Business Center. The facility currently employs 55 people. Medline is a manufacturer and distributor of medical products.

February 2, 2017

Industrial Texas

Cypressbrook Arranges 40,352 SF Industrial Lease in Houston

by Amy Works February 2, 2017

HOUSTON — Cypressbrook Co. has arranged the lease of industrial space at Prologis Pine Forest, an industrial park located at 575 W. 38th St. in Houston. SRG Ventures, a custom furniture maker, will occupy 40,352 square feet of space at the development. John Hornbuckle and Joyce Sterling of Cypressbrook Co. represented the tenant, while Beau Kaleel and Allison Hall of Cushman & Wakefield represented the landlord, PrologisWN2 LLC, in the transaction.

February 2, 2017

Industrial New Jersey Northeast

Endurance, Thackeray Partners Acquire 305,250 SF Warehouse Facility in Mount Laurel, New Jersey

by Amy Works February 2, 2017

MOUNT LAUREL, N.J. — An affiliate of Endurance Real Estate Group and Thackeray Partners have purchased a warehouse and distribution facility located at 2000 Bishop Gate Blvd. in Mount Laurel. An undisclosed corporate user sold the 305,250-square-foot property for an undisclosed price. The property features 30-foot clear ceiling heights, 25 dock-high loading doors, an ESFR sprinkler system and Comcast fiber service. CBRE represented the seller in the transaction.

February 2, 2017

California Industrial Western

Younger Optics Leases Industrial Facility in Compton

by Nellie Day February 2, 2017

COMPTON, CALIF. — Younger Optics has leased a 53,000-square-foot industrial facility in Compton. The five-year lease was valued at $2.3 million. The facility is located at 1900 Artesia Blvd. The company will occupy the space later this month. Frank Schulz, Todd Taugner and David Prior of the Klabin Co. represented Prologis. Jeff Smart of Colliers International represented Younger Optics in this transaction.

February 2, 2017

Industrial Michigan Midwest

Anji Logistics Signs 154,377 SF Industrial Lease for North American Headquarters in Warren, Michigan

by Kristin Harlow February 2, 2017

WARREN, MICH. — Anji Logistics USA Inc. has signed a lease for 154,377 square feet of warehouse space in Warren, north of Detroit. The former OfficeMax warehouse and distribution center is located at 13301 Stephens Road. The facility will be Anji Logistics’ first location in the United States and serve as the company’s North American headquarters. Sister company Anji-CEVA Automotive Logistics Co. is the largest third-party logistics provider in China. Jason Capitani of L. Mason Capitani CORFAC International represented Anji Logistics in the transaction.

February 2, 2017

Illinois Industrial Midwest

Peak Construction Breaks Ground on New 80,000 SF Distribution Center in Joliet, Illinois

by Kristin Harlow February 2, 2017

JOLIET, ILL. — Peak Construction Corp. has broken ground on a new 80,000-square-foot warehouse and distribution center for Blue Ribbon Product Co. in Joliet, south of Naperville. The seven-acre site is located in IDI Gazeley’s Rock Run Business Park. The warehouse and distribution center will include 6,000 square feet of corporate office space, a custom-designed training/tasting room, two break rooms, a 4,500-square-foot cooler, a 500-square-foot repacking room, four dock positions and three drive-through loading lanes with possible expansion into a fourth. The project is slated for completion at the end of June. Mike Fonda, Hugh Williams, Matt Knafel and Anne McGrath of Avison Young represented the tenant. Peak has teamed up with Partners in Design Architects Inc. and Jacob & Hefner Associates on the project.

February 2, 2017

Features Industrial Southeast Feature Archive Top Stories

Southeastern Ports Adjust to Expanded Panama Canal

by Jeff Shaw February 2, 2017

The Southeast’s top seaports and their surrounding industrial real estate markets have braced themselves for years for the larger post-Panamax vessels that can now pass through the newly expanded Panama Canal. The 102-year-old canal opened in late June 2016 following its $5.4 billion expansion, creating a shortcut for the larger ocean carriers coming from Asia. The opening of Panama Canal’s expansion was delayed by two years, missing the 100-year anniversary of its 1914 debut. Shipping companies had their larger vessels in place, though, and decided to ship those vessels to the East Coast via the Suez Canal, according to Walter Kemmsies, managing director, economist and chief strategist of JLL’s U.S. Ports, Airports and Global Infrastructure Group. “As the Panama Canal gets through the learning curve, we’re seeing the number of weekly transits increase, and we’re still in that phase and perhaps will be for the next six months,” says Kemmsies, who is currently engaged with three of the top five seaports in the United States on their master plans. “The ocean carriers are starting to scrap their smaller vessels and moving their services back from the Suez Canal to go through the Panama Canal. Right now the East Coast has …

February 2, 2017

California Industrial Western

S&A Management Buys Taylor-Dunn Manufacturing Headquarters in Anaheim

by Nellie Day February 1, 2017

ANAHEIM, CALIF. — S&A Management has acquired a 156,054-square-foot manufacturing building that serves as the headquarters of Taylor-Dunn for an undisclosed sum. The facility is located at 2114 W. Ball Road in Anaheim, with a two-story office building at 2100 W. Ball Road. The transaction is not expected to impact Taylor-Dunn’s continuing operations. The firm has engineered and manufactured vehicles from its location on West Ball Road for more than 65 years. Jeff Chiate and Mike Adey of Cushman & Wakefield’s National Industrial Advisory Group in Irvine represented both the buyer and seller in this transaction. The firm’s Rick Ellison and Randy Ellison also provided local market advisory.

February 1, 2017

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