Industrial

HFF Arranges Sale of Industrial Portfolio in Dallas, Houston

by Haisten Willis May 12, 2015

DALLAS, HOUSTON — HFF has arranged the sale of a 27-building, 2.35 million-square-foot, 95.6-percent leased industrial portfolio located in Metro Dallas and Houston. HFF marketed the portfolio on behalf of the seller, a partnership between Mayfield Properties LP and AB Real Estate Group. A private fund advised by Crow Holdings Capital – Real Estate purchased the assets for an undisclosed amount. The eight Dallas-Fort Worth properties are located in the DFW Airport North, Great Southwest, Valwood and West Brookhollow industrial markets. The 11 buildings are 98 percent leased and total 1 million square feet. The eight Houston facilities are located in the Northwest and Southwest industrial markets and total 16 buildings with 1.3 million square feet. That portfolio is 93.6-percent leased. Randy Baird, Rusty Tamlyn, Jud Clements, Trent Agnew, Robby Rieke, Stephen Bailey and John Rogers led the HFF investment sales team representing the seller.

May 12, 2015

Norvin Healthcare Properties Acquires 45,000 SF Property in Long Island City for $66M

by Amy Works May 11, 2015

NEW YORK CITY — An affiliate of New York City-based Norvin Healthcare Properties has acquired a two-story, 45,000-square-foot property, located at 21-21 44th Dr. in Long Island City, for $66 million. Simultaneously with the acquisition, Norvin entered into a 31-year triple-net lease with NYU Langone Medical Center. NYU Langone Medical Center plans to redevelop the industrial property into a multi-specialty ambulatory care facility. The name of the seller was not disclosed.

May 11, 2015

California Industrial Western

Custom Goods Renews Lease for Industrial Space in Rancho Cucamonga

by Nellie Day May 11, 2015

RANCHO CUCAMONGA, CALIF. – Custom Goods has renewed its lease for 240,249 square feet of industrial space in Rancho Cucamonga. The warehouse and distribution center is located at 12200 Arrow Route. The third-party logistics firm was represented by JLL’s Louis Tomaselli and Jordan Quinn. The landlord was not named.

May 11, 2015

California Industrial Western

Power Edge Solutions Buys Anaheim Industrial Facility for $2.1M

by Nellie Day May 11, 2015

ANAHEIM, CALIF. – Power Edge Solutions has purchased a 12,000-square-foot industrial building in Anaheim for $2.1 million. The building is located at 1910 East Via Burton. This is the highest price paid per square foot within this building size range since 2008, according to CBRE, which represented the seller, the Huber Family Trust. The trust was represented by the firm’s Steve Young and Tom Dorman. Gibson Company also provided advisory services to the trust.

May 11, 2015

Indiana Industrial Midwest

Monmouth Acquires Industrial Property in Greenwood, Ind. for $37.4M

by Danielle Everson May 8, 2015

GREENWOOD, IND. — Monmouth Real Estate Investment Corp. has acquired a new 671,354-square-foot industrial building in Greenwood for $37.4 million from an undisclosed seller. The property is situated on a little more than 43 acres located at 482 Chaney Ave. and is net leased for 10.25 years to beauty retailer ULTA Inc., a subsidiary of Ulta Salon, Cosmetics & Fragrance Inc. The new Omni-channel fulfillment center will serve both business-to-business and direct-to-consumer e-commerce sales.

May 8, 2015

Illinois Industrial Midwest

Zilber Property Group Arranges 18,000 SF Industrial Lease

by Danielle Everson May 8, 2015

BENSENVILLE, ILL. — Zilber Property Group has arranged the lease of an 18,000-square-foot industrial property in Bensenville. Creeden & Associates Inc. will occupy space within the Cornerstone Business Park. Arthur J. Rogers of Zilber represented the landlord. Korman/Lederer & Associates represented Creeden & Associates.

May 8, 2015

Industrial Loans Northeast Pennsylvania

NorthMarq Capital Arranges $20.7M Acquisition Loan for Harrisburg Industrial Portfolio

by Amy Works May 8, 2015

HARRISBURG, PA. — NorthMarq Capital has arranged $20.7 million in acquisition financing for an industrial portfolio located in Harrisburg. The three-building portfolio features 563,688 square feet of space. James Murphy of NorthMarq’s Boston office secured the interest-only loan for the undisclosed borrower through NorthMarq’s relationship with a correspondent life insurance company.

May 8, 2015

Illinois Industrial Midwest

Darwin Arranges 43,175 SF Industrial Lease in Broadview, Ill.

by Danielle Everson May 7, 2015

BROADVIEW, ILL. — Darwin Realty & Development Corp. has arranged a long-term lease renewal for 43,175 square feet located at 2109-2111 21st St. in Broadview. Dan Fanelli and George Cibula of Darwin represented Arrow Pneumatics Inc. The manufacturer of parts and products for the compressed air industry will occupy the space. The team also represented the landlord, a private investor. The property features a 22-foot ceiling height, four interior docks and 4,500 square feet of finished office area.

May 7, 2015

California Industrial Western

Escondido Industrial/Flex Property Sells for $8.3M

by Nellie Day May 7, 2015

SAN DIEGO – A 76,495-square-foot industrial/flex building in the San Diego submarket of Escondido has sold to SR Commercial for $8.3 million. The building is located at 298-304 Enterprise Street within the Escondido Business Park. The space, known as Enterprise Heights Industrial Centre, is fully leased. Tucker Hohenstein, Mike Erwin and Conor Boyle of Colliers International represented both the buyer and seller, Enterprise Heights Industrial Centre Associates, in this transaction.

May 7, 2015

Arizona Industrial Western

ViaWest Buys Land in Deer Valley for $3.2M

by Nellie Day May 7, 2015

DEER VALLEY, ARIZ. – ViaWest has acquired nine acres of land in Deer Valley for $3.2 million. The land is located at 50 and 100 E. Pinnacle Peak Road in the Phoenix submarket. It is currently leased to Cemex, a global building materials company that provides high-quality products and services. ViaWest Group was represented by John Pompay and Gary Anderson of DTZ. The seller, Luke Land 80 LLC, was represented by Luke Lewis of Luke Land Realty.

May 7, 2015

Newer Posts

Older Posts