Industrial

The Garibaldi Group, Avison Young Broker Sale of 284,582 SF Industrial Property

by Amy Works April 8, 2015

YORK, PA. — The Garibaldi Group and Avison Young have brokered the sale of an industrial property located at 57 Grumbacher Road in York. Boston-based High Street Realty Co. purchased the property for an undisclosed price. Situated on 11.8 acres, the 284,582-square-foot property offers 6,000 square feet of office space and 27 dock-high doors with one drive-in door. Additionally, the site can accommodate up to 92 trailer lot stalls or a 55,000-square-foot standalone building. Michael Bartolacci and Jerry Moore of The Garibaldi Group, along with Brendan Kelly of Avison Young, represented the seller, Bell Sport Inc., in the transaction.

April 8, 2015

Industrial New Jersey Northeast

Commercial Realty Group Buys 142,620 SF Industrial Building in New Jersey

by Amy Works April 8, 2015

PARSIPPANY, N.J. — Commercial Realty Group (CRG) has acquired an industrial building, located at 7 Eastmans Road in Parsippany, for an undisclosed price. CRG plans to reposition the 142,620-square-foot property to Class A status. Renovations and improvements will include a new roof and energy-efficient lighting, as well as raising ceiling heights to 24 feet in a portion of the building and upgrading the landscaping. Additionally, the buyer plans to reskin the building’s façade, upgrade the loading docks and expand the parking area. Jules Nissim, Stephen Elman and Chris Kinum of Cushman & Wakefield negotiated the transaction and represented the seller, a trust, in the deal. Additionally, CRG has retained Cushman & Wakefield to market and lease the property.

April 8, 2015

Industrial Utah Western

Haemonetics Leases Space at Price Bangerter Building in Salt Lake City

by Nellie Day April 8, 2015

SALT LAKE CITY – Haemonetics has signed a 12-year lease for 154,601 square feet of manufacturing space at the Price Bangerter building in Salt Lake City. The Class A space is located at 1555 S. Gramercy Road. This is the blood management firm’s second facility in the region. The new facility will handle its Western United States distribution requirements. Haemonetics was represented by Steve Condie of Newmark Grubb ACRES (NGA) and DTZ’s Kevin Hanna. The landlord, Price Realty Group, was represented by NGA’s Kyle Roberts.

April 8, 2015

Arizona Industrial Western

Phoenix Distribution Building Sells for $5.1M

by Nellie Day April 8, 2015

PHOENIX – A 94,885-square-foot distribution building in Phoenix has sold to Cohen Asset Management for $5.1 million. The building is located at 2021 E. Jones Ave. It is situated southwest of Phoenix Sky Harbor International Airport. Cohen was represented by Matt McDougall of Lee & Associates. The seller, Michael Lewis Company, was represented by DTZ’s Andy Cloud.

April 8, 2015

Industrial Texas

Lee & Associates Arranges 73,986 SF Sale of Industrial Property in Metro Dallas

by Haisten Willis April 7, 2015

CARROLLTON, TEXAS — Lee & Associates arranged the sale of a 73,986-square-foot industrial building located at 1207 Crosby Road in Carrollton. Nathan Denton of the Dallas/Fort Worth office of Lee & Associates represented the buyer, 1207 Crosby Partners I LLC. Scott Moore with Holt Lunsford Commercial represented the seller, Thackery Partners.

April 7, 2015

Arizona Industrial Western

Longust Distribution Center in Mesa Sells for $6.5M

by Nellie Day April 7, 2015

MESA, ARIZ. – Longust Distribution Center, an 81,436-square-foot industrial property in Mesa, has sold to Industrial Property Trust for $6.5 million. The center is located at 2432 W. Birchwood Ave. The institutional-quality warehouse/distribution building is fully occupied by Longust Distributing. Both the buyer and seller, 2432 Birchwood Associates, LLC, an affiliate of EverWest Real Estate Partners, were represented by DTZ’s Will Strong, Andy Markham and Mike Haenel.

April 7, 2015

California Industrial Western

Spike LLC Buys San Marcos Industrial Building for $5.4M

by Nellie Day April 7, 2015

SAN DIEGO – Spike LLC has purchased a 50,220-square-foot industrial building in the San Diego submarket of San Marcos for $5.4 million. The building is located at 495 Enterprise Street. The buyer plans to hold the property as a long-term investment. The seller, Thornton Technology, leased back 50 percent of the property for an undisclosed period of time. Spike was represented by Justin Beattie of Palomar Commercial. Thornton Technology was represented by Daniel Knoke, Peter Merz, Marko Dragovic and Isaac Little of Lee & Associates-North San Diego County.

April 7, 2015

Industrial Texas

Stitch Fix to Open Distribution Center in Dallas

by Haisten Willis April 6, 2015

DALLAS — Stitch Fix, an online personal styling service for women, is set to open its third distribution center, which will be located in Dallas. The new distribution center, on Cockrell Hill Road, will open in June 2015 and will help the company serve clients in Texas and the southern United States. Stitch Fix, which is headquartered in San Francisco and also has an office in Austin, employs more than 200 stylists in the Dallas region. The company plans to hire 400 to 500 employees for the 316,000-square-foot facility, with plans to continue to grow the team in 2016. Hugh Scott and Kurt Griffin of JLL represented Stitch Fix in its search for a Dallas distribution hub.

April 6, 2015

Arizona Industrial Western

Phoenix Industrial Property Sells for $3.1M

by Nellie Day April 6, 2015

PHOENIX – A 61,729-square-foot industrial building in Phoenix has sold to MLCY Investment for $3.1 million. The property is located at 3000 E. Chambers Street. It was built in 1987. The space was previously occupied by Fluoresco. The seller, WE Valoroso Holding Corporation, was represented by DTZ’s Paul Boyle, Rick Danis and Pete Klees. The firm’s Andy Cloud represented the buyer.

April 6, 2015

Industrial New Jersey Northeast

CenterPoint Properties Buys 386,286 SF Industrial Facility in New Jersey

by Amy Works April 6, 2015

LINDEN, N.J. — CenterPoint Properties has acquired a 386,296-square-foot port-proximate industrial facility located at 1800 Lower Road in Linden for an undisclosed price. Situated on 18 acres, the fully leased property features 600 car parking spots, 30-foot ceiling heights, 59 docks and six drive-in doors. The property is currently leased to Waitex Group, a worldwide conglomerate of companies focusing on supply chain logistics, apparel, retail and real estate investment and development. Jeffrey Miller of Lee & Associates represented CenterPoint Properties in the transaction. The name of the seller was not disclosed.

April 6, 2015

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