Industrial

Dollar General Breaks Ground on 1 MSF Distribution Center in Georgia

by John Nelson September 8, 2016

JACKSON, GA. – Construction is underway on Dollar General’s 15th distribution center in the United States in Jackson, which straddles both Butts and Spalding counties. The 1 million-square-foot industrial facility is expected to create more than 500 new jobs at full capacity and to be operational by fall 2017. Dollar General has more than 13,000 retail locations and 119,000 employees, with more than 700 stores and over 5,000 employees in Georgia. The new distribution center is expected to serve more than 1,000 stores in the Southeast. Dollar General’s 14 other distribution centers are located in Alabama, California, Florida, Indiana, Kentucky, Mississippi, Missouri, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas, Virginia and Wisconsin.

September 8, 2016

Illinois Industrial Midwest

Hillwood Acquires 84.6-Acre Site in Illinois to Develop 992,640 SF Distribution Center

by Amy Works September 7, 2016

JOILET, ILL. — Hillwood, a Perot company, has acquired an 84.8-acre land site in Joliet for an undisclosed price. The company plans to develop Joliet Logistics Park, a 992,640-square-foot distribution center, on the site. With easy access to I-80 and I-55 and close proximity to BNSF and Union Pacific intermodal operations, the new spec facility will feature 36-foot clear heights, a cross-dock configuration, an ESFR fire protection system, 116 trailer parking spaces with an additional 150 remote spaces, and up to 222 auto space with another 310 available for future expansion. The park, which will have the capacity to expand to 1.5 million square feet, is slated for completion in mid-2017. FCL Builders will serve as the general contractor, and Traci Payette and John Suerth of CBRE will be leasing agents for the project.

September 7, 2016

Industrial Midwest Ohio

Meridian Begins Construction on 185,840 SF Flex Building in Ohio

by Amy Works September 7, 2016

STRONGSVILLE, OHIO — Meridian Design Build has started construction on a speculative flex building at 14700 Foltz Parkway in Strongsville. Situated on 21.8 acres, the multi-tenant building will feature 28 loading docks, two drive-in doors and 164 auto parking stalls. Additionally, the design of the building includes a thermoplastic polyolefin roof and LED lighting. The site also includes space for a future 195,137-square-foot building. The project developer is Scannell Properties. Precept Design is providing architectural services and Weber Engineering Services is providing civil engineering work.

September 7, 2016

Industrial Michigan Midwest

Friedman Brokers Sale of 2.8-Acre Industrial Lot in Michigan

by Amy Works September 7, 2016

NOVI, MICH. — Friedman Integrated Real Estate Solutions has arranged the sale of a 2.8-acre industrial lot located on Heslip Drive in Novi. Alpha Industries sold the site to M.J.W. Investments for an undisclosed price. Phil Konopitski of Friedman represented the seller in the transaction.

September 7, 2016

Industrial Texas

Lee & Associates Negotiates 101,382 SF Industrial Lease in Carrollton

by Haisten Willis September 7, 2016

CARROLLTON, TEXAS — Lee & Associates has negotiated a 101,382-square-foot industrial lease located at 1255 Champion Circle in Carrollton. Nathan Denton of Lee & Associates Dallas/Fort Worth represented the tenant, Value Lighting, a supplier of lighting fixtures and ceiling fans for multifamily residences, in the lease transaction. StoneLake was the landlord.

September 7, 2016

Industrial Massachusetts Northeast

CBRE/NE Facilitates $25.5M Sale of 252,600 SF Industrial Facility in Massachusetts

by Amy Works September 7, 2016

BELLINGHAM, MASS. — CBRE/New England has arranged the sale of a warehouse and distribution facility located at 150 Depot St. in Bellingham. An institutional investor, advised by Bentall Kennedy LP, acquired the property from National DCP for $25.5 million. The 252,600-square-foot property features dry storage, freezer/cooler space, 30-foot clear heights and ESFR sprinklers throughout the warehouse portion of the building. Dave Pergola, Brian Doherty and Robert Gibson of CBRE/NE represented the seller and procured the buyer in the transaction.

September 7, 2016

Industrial New Jersey Northeast

Terreno Realty Corp. Acquires Industrial Property in New Jersey for $9.1M

by Amy Works September 7, 2016

SOMERSET, N.J. — Terreno Realty Corp. has acquired an industrial property, located at 70 Schoolhouse Road in Somerset, for $9.1 million. Situated on 6.9 acres, the 86,000-square-foot building features 12 dock-high and one grade-level loading positions and parking for 61 cars. At the time of sale, the property was 100 percent leased to one undisclosed tenant.

September 7, 2016

Industrial New York Northeast

Cushman & Wakefield Brokers $6M Sale of Industrial Warehouse in Brooklyn

by Amy Works September 7, 2016

NEW YORK CITY — Cushman & Wakefield has arranged the sale of an industrial warehouse located at 214 40th St. in Brooklyn’s Sunset Park. An undisclosed buyer acquired the property for $6 million, or $437 per square foot. The 13,730-square-foot building features three drive-in garage bays with curb cuts, elevators, a new high-grade industrial hot water boiler, 3,000 amps of electricity and office space on the third floor. Aaron Warkov, Adam Ecker, Daniel Arnel and Michael Purcell of Cushman & Wakefield represented the undisclosed seller in the deal.

September 7, 2016

Industrial Midwest Wisconsin

First Industrial Realty Leases 601,439 SF Development at First Park 94 in Wisconsin

by Amy Works September 6, 2016

VILLAGE OF SOMERS, WIS. — First Industrial Realty Trust has signed a long-term tenant for its first building at First Park 94, a 601,439-square-foot industrial facility located in Village of Somers. The cross-docked facility features 36-foot clear heights, 185-foot truck courts, ample trailer parking, extensive dock-high loading, skylighting and an ESFR sprinkler system. The name of the tenant was not disclosed. Additionally, First Industrial is breaking ground for the second building at the park. The second building will total approximately 600,000 square feet with expandability. Upon completion, First Park 94 will accommodate 4.6 million square feet of development, including build-to-suits ranging from 150,000 square feet to 2 million square feet. The site is accessible to Interstate 94 from three four-way interchanges and offers frontage along the Canadian Pacific Railway with potential rail access. Whit Heitman, Sam Badger and Brad Weiner of NAI Hiffman, Roger Siegel of Dickman Co. and Tony Haning of JLL assisted with the lease transaction.

September 6, 2016

Industrial Texas

Bellomy & Co. Brokers Sale of Storage Solutions of Boerne

by Haisten Willis September 6, 2016

BOERNE, TEXAS — Bellomy & Co. has brokered the sale of Storage Solutions of Boerne in the San Antonio suburb of Boerne. The facility consists of 465 units across 67,500 square feet. The 7.9-acre property was built in 2009 and was 83 percent occupied at the time of closing. Boerne is located 30 miles northwest of San Antonio. Bill Bellomy, Michael Johnson and John Arnold of Bellomy & Co. structured the off-market transaction between the unnamed, local seller and the buyer, Lockaway Storage. Lockaway operates more than 50 self-storage properties in California and Texas.

September 6, 2016

Newer Posts

Older Posts