Industrial

Baltimore-Washington Logistics Center Jessup

G. Cefalu & Bro, Capital Seaboard Sign 160,000 SF Industrial Lease in Maryland

by John Nelson November 10, 2015

JESSUP, MD. — The parent company of G. Cefalu & Bro Inc., a wholesale produce supplier, and Capital Seaboard, a produce and seafood distributor, has signed a full-building industrial lease for 160,000 square feet within the Baltimore-Washington Logistics Center. The industrial park is located in Jessup, roughly halfway between Baltimore and Washington, D.C., in Howard County. The parent company, known as CGC Holdings Inc., signed the lease with the landlord, Manekin-sponsored MCA Assateague. The groundbreaking for the facility, located at 7350 Assateague Drive, is scheduled for Nov. 13, and construction is expected to wrap up in June 2016. The new facility will include an ESFR fire suppression system, LED lighting and multi-zone freezer/cooler areas.

November 10, 2015

Grand-Prairie-Texas-Wildlife-Commerce-Park-Buildng

Industrial Texas

Binswanger Negotiates 341,120 SF Lease at Wildlife Commerce Park in Grand Prairie

by Haisten Willis November 9, 2015

GRAND PRAIRIE, TEXAS — On behalf of Zenith Freight Lines, Binswanger has arranged a temporary 86,100-square-foot industrial lease at Wildlife Building 2, part of Wildlife Commerce Park located at 715 Wildlife Parkway in Grand Prairie. Wildlife Building 2 is a 345,000-square-foot, divisible Class A warehouse facility. Additionally, Zenith Freight Lines has entered into a lease agreement for a total of 341,120 square feet at Wildlife Building 5, which it will move into once construction is completed. Zenith is a specialized supply chain solutions provider. The company plans to use the property for the manufacturing and distribution of furniture. When completed, Wildlife Building 5 will span 682,240 square feet. At full buildout, Wildlife Commerce Park will be home to 2.8 million square feet of industrial space in nine buildings along with a 100-acre lake. Kipp Collins of Binswanger’s Dallas office handled the transaction for the tenant. Will Mundinger handled the transaction for the landlord, Crow Holdings.

November 9, 2015

Industrial Midwest Office Wisconsin

Siegel-Gallagher Arranges Sales of Two Properties in Southern Wisconsin

by Christina Cannon November 9, 2015

MILWAUKEE AND OCONOMOWOC, WIS. — Siegel-Gallagher has completed the sale of two properties in separate transactions in Wisconsin. In the first transaction, Worthington Properties LLP purchased a 52,250-square-foot industrial property from Brandt/Quirk Realty Co. for an undisclosed price. The property is located at 1880 Executive Drive in Oconomowoc, approximately 35 miles west of Milwaukee. In the second deal, Andover Portland Avenue Associates LLC acquired the Riverfront Plaza, a 108,718-square-foot office building. RFP Office LLC sold the property located at 1110 N. Old World Third St. for an undisclosed price. Patrick Gallagher, Matson Holbrook and Max Schultz of Siegel-Gallagher brokered both transactions.

November 9, 2015

Industrial Midwest Wisconsin

The Dickman Co. Arranges 19,646 SF Industrial Lease South of Milwaukee

by Christina Cannon November 9, 2015

OAK CREEK, WIS. — The Dickman Company Inc./CORFAC International has arranged a 19,646-square-foot industrial lease for LTL Service of Wisconsin Inc. in Oak Creek, about 12 miles south of Milwaukee. LTL offers nationwide shipping of climate sensitive freight. The property is located at 330 E. Mahn Court. Maggster LLC is the landlord. Samuel M. Dickman Jr., Samuel D. Dickman and Cale Berg of Dickman were the sole brokers in the transaction.

November 9, 2015

Industrial Office Texas

Brennan Investment Group Acquires Six-Building Industrial Portfolio Totaling 132,997SF

by Katie Sloan November 6, 2015

HOUSTON AND STAFFORD, TEXAS — Brennan Investment Group LLC has acquired a six-building industrial portfolio totaling 132,997 square feet in Houston and Stafford. The buildings are located at 8600 to 8850 Jameel Road in Houston, and 12705 S. Kirkwood Road in Stafford. The properties consist of office and warehouse space.

November 6, 2015

Georgia Industrial Southeast

Hillwood Investment Properties Purchases 320,000 SF Distribution Park in Atlanta

by Christina Cannon November 6, 2015

ATLANTA, GA. — Hillwood Investment Properties, through its U.S. Industrial Fund II, has acquired a 320,000-square-foot distribution park in Atlanta. The purchase price was not disclosed. Westridge Logistics Center is a Class A multi-tenant building located near the I-75/GA Highway 155 interchange. Westridge features concrete tilt wall construction, a minimum clear height of 24 feet, building depths of 180 to 210 feet, an ESFR sprinkler system, truck court depths of 120 feet, and T-5 lighting. Frank Fallon, Brian Budnick and Chris Riley of CBRE represented the seller in the transaction.

November 6, 2015

Industrial Midwest Wisconsin

Dickman Co./CORFAC Arranges Sale of 17,020 SF Industrial Property in Wisconsin

by Christina Cannon November 6, 2015

HUSTISFORD, WIS. — The Dickman Company Inc./CORFAC International has arranged the sale of a 17,020-square-foot industrial building in Hustisford, approximately 53 miles northwest of Milwaukee The facility is located at 424-434 E. Rubicon St. Del Oak Holdings LLC purchased the building from Lonann Investments LLC for an undisclosed price. Nick Keys and Anthony Huenerbein of The Dickman Co. represented the seller, and Christine Huber of Belman Homes LLC represented the buyer.

November 6, 2015

Industrial Midwest Minnesota Office

Fairbridge Properties Sells Industrial, Research Facility in Minneapolis Suburb for $14M

by Christina Cannon November 5, 2015

COON RAPIDS, MINN. — Fairbridge Properties has sold a 261,805-square-foot flex facility in Coon Rapids, a northern suburb of Minneapolis, for $14 million. The industrial and research facility is located at 8840-8880 Evergreen Blvd. and is occupied by Honeywell Aerospace and MEDRAD. Shopoff Realty Investments purchased the property. Fairbridge realized an internal rate of return of 75 percent. After obtaining ownership of the building in 2013, Fairbridge made renovations including repainting the building’s exterior, replacing windows, resurfacing a portion of the parking lot and retrofitting the parking lot lighting. Fairbridge sold the property as part of a 1031 exchange, and the company is in the process of identifying a new investment to complete the exchange.

November 5, 2015

Illinois Industrial Midwest

NelsonHill Brokers $2.6M Sale of 40,000 SF Building in Chicago

by Christina Cannon November 5, 2015

CHICAGO — NelsonHill has brokered the sale of a 40,000-square-foot industrial building in Chicago for $2.6 million. Jeron Electronic Systems Inc. sold the property located at 1743 W. Rosehill Drive. Alan and Armand Candea of Candea Development purchased the building and entered into a sale-leaseback agreement with Jeron Electronics. Frank Melchert of NelsonHill represented the seller.

November 5, 2015

Industrial Loans Maryland Office Southeast

Berkadia Originates $12M Loan for Flex Property in Maryland

by Haisten Willis November 4, 2015

FREDERICK, MD. — Berkadia recently arranged a $12 million loan for Highland Technology Center, an office and industrial property located in Frederick, Md. Ben Van Horn of Berkadia’s Scottsdale, Ariz. office secured the fixed-rate financing through Bank of America Merrill Lynch. The borrower, Envision Highland LLC, will use the financing to acquire the property for $16 million. Loan terms include a 4.9 percent interest rate, a 75 percent loan-to-value ratio and a 30-year amortization schedule. David Monassebian, Martinn Winters and Luke Reetz represented Envision Highland in the transaction. Highland Technology Center consists of 150,700 square feet of office and industrial warehouse space. Tenants include Fairchild Controls and Engage. The property is over 98 percent occupied. Located at 550 Highland St., the property offers access to I-70 and I-270. It is also located near the Frederick Municipal Airport and Frederick Fairgrounds.

November 4, 2015

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