Industrial

Hunt Southwest Delivers 300,000 SF Spec Industrial Building in Fort Worth

by Katie Sloan October 14, 2016

FORT WORTH, TEXAS — Hunt Southwest Real Estate Development, a Dallas-based developer owned by the Lamar Hunt family, has delivered Riverbend West, a 300,000-square-foot speculative industrial facility in Fort Worth. The Class A warehouse/distribution center is located at 2101 Reeves Place and features 32-foot clear heights, LED lighting, cross-dock configuration, an ESFR sprinkler system, a truck court, skylights and parking for trailers. Riverbend West is the first development for Hunt Southwest, which plans to break ground in December on a new 650,000-square-foot warehouse and distribution center in the north Fort Worth area. Hunt Southwest has selected Donnie Rohde, Chance Olin and George Jennings of Holt Lunsford Commercial to handle Riverbend West’s leasing assignment.

October 14, 2016

Dermody Breaks Ground on 264,000 SF Industrial Facility Near Cincinnati Airport in Kentucky

by John Nelson October 14, 2016

HEBRON, KY. — Dermody Properties has started construction on LogistiCenter at 275 #2, a 264,000-square-foot industrial facility located at 3521 Point Pleasant Road in Hebron, a suburb of Cincinnati in northern Kentucky. Situated near Cincinnati/Northern Kentucky International Airport, the new e-commerce compliant facility will feature 32-foot clear heights, 27 dock doors, 228 parking spaces and 70 trailer stalls. Hillwood is Dermody’s financial partner on the project, and both companies leased the site for LogistiCenter at 275 #2 from the Cincinnati/Northern Kentucky International Airport. Last year, Dermody and Hillwood delivered the nearby LogistiCenter at 275, a nearly 900,000-square-foot fulfillment center for Wayfair Inc. United Construction Co. is the general contractor for the project, and Jeffrey Bender and David Kelly of Cushman & Wakefield will handle the leasing assignment.

October 14, 2016

Industrial New York Northeast

Matrix Development Breaks Ground on Matrix Global Logistics Park in Staten Island

by Amy Works October 13, 2016

NEW YORK CITY — Matrix Development Group has broken ground on the first of two buildings at Matrix Global Logistics Park in Staten Island. The two speculative buildings, totaling 975,000 square feet and 450,000 square feet, are the first of four total buildings slated for the park. Scheduled for completion in spring 2017, the cross-docked buildings will feature ample overhead doors, trailer parking and auto parking.

October 13, 2016

Industrial Midwest Missouri Office

Intelica CRE Facilitates $3.6M Sale of Office/Warehouse Property in St Louis

by Amy Works October 13, 2016

ST. LOUIS — Intelica CRE has arranged the sale of an office and warehouse facility located at 2316 Schuetz Road in St. Louis. Pohlman Metal Seal Precision acquired the property from Davidson Surface Air for $3.6 million. Situated on 6.7 acres, the property totals 97,000 square feet. Gary Parker and Dan Merlo of Intelica CRE brokered the transaction.

October 13, 2016

California Industrial Western

The Magellan Group Completes 501,270 SF Industrial Development in El Monte

by Nellie Day October 13, 2016

EL MONTE, CALIF. — The Magellan Group has completed the Magellan Gateway, a 501,270-square-foot industrial project in the San Gabriel Valley submarket of El Monte. The Class A project is located at 4181 Temple City Blvd. Gill Corp., Jans Investment and Management and Dream Home Temple City Boulevard LLC have already purchased three of the property’s five buildings. Cushman &a Wakefield’s Erik Larson, Robin Dodson, John Minervini and Chris Tolles represented The Magellan Group in all three transactions. Millie & Severson built Magellan Gateway, which HPA Architecture designed. Principal Real Estate Investors provided joint venture equity for the development; U.S. Bank provided construction financing.

October 13, 2016

California Industrial Western

LEI, Vista Investment Acquire R&D Building in San Jose

by Nellie Day October 13, 2016

SAN JOSE, CALIF. — A joint venture between Lowe Enterprises Investors (LEI) and Vista Investment Group has acquired a 92,864-square-foot office/research and development building in San Jose for an undisclosed sum. The building is located at 2581 Junction Ave. Concurrent with the closing, Thinfilm Electronics entered into a long-term lease to occupy the building. The lease includes a 22,000-square-foot clean room that the company will use to produce electronics products. The new facility will support the company’s expansion as it increases production. Renovations to the space will commence immediately, with occupancy scheduled for the first quarter of 2017. LEI’s affiliate, Lowe Enterprises Real Estate Group, provided local acquisition and leasing services and will operate the property. ATREG represented the seller.

October 13, 2016

Industrial Nevada Western

Burke Construction Completes 30,000 SF Expansion of Frito Lay Las Vegas Distribution Center

by Nellie Day October 12, 2016

LAS VEGAS — Burke Construction Group has completed construction on an expanded warehouse facility for the Frito Lay Las Vegas Distribution Center. The center is located at 1209 Trade Drive. The 30,000-square-foot addition will allow Frito Lay to expand its existing warehouse facility. The space was built directly adjacent to the active warehouse, creating one common warehouse space. William E. Franz designed the property. Burke built the space on behalf of Con-Real LP.

October 12, 2016

Industrial Texas

Adler Kawa Real Estate Acquires 296,781 SF of Industrial Space in Austin

by Katie Sloan October 12, 2016

AUSTIN, TEXAS — Adler Kawa Real Estate Advisors has acquired five single-story industrial buildings known as Kramer 1-5 at Braker Center in Austin. The buildings total 296,781 square feet and feature 21-foot clear heights and floor plans that accommodate office, warehouse, production and showroom space. Hale Umstattd and Leah Gallagher of Transwestern represented the undisclosed seller in the transaction. Davis Bass of HPI Real Estate Services & Investments will remain in charge of leasing. PNC Bank provided financing for the acquisition.

October 12, 2016

Industrial Texas

Medical Supply Company Leases 9,600 SF at Racepark Center in Houston

by Katie Sloan October 12, 2016

HOUSTON — Armstrong Medical Supply LLC has leased 9,600 square feet within Racepark Center at 6818 N. Sam Houston Parkway West in Houston. Lee & Associates’ Thomas Leger and Mike Spears represented the landlord, Turnaround Properties LLC. Richard Frye of Adkisson Group Inc. represented the tenant.

October 12, 2016

Industrial Loans Texas

CBRE Arranges $32.1M in Acquisition Financing for Industrial Portfolio in Dallas

by Katie Sloan October 11, 2016

DALLAS — CBRE Capital Markets’ Debt & Structured Finance team has arranged $32.1 million in financing for the acquisition of a portfolio of industrial properties in Dallas. The buyer of the portfolio, known as Riverbend, is a joint venture between Augustus Investment Holdings and Taurus Investment Holdings. Citizens Bank provided the capital. The acquisition includes 15 buildings totaling 962,000 square feet. The portfolio was 95 percent leased at the time of sale. The specific properties in the portfolio were not named. Scott Lewis and Greg Greene with CBRE’s Dallas office originated and secured the financing.

October 11, 2016

Newer Posts

Older Posts