Industrial

Meridian to Complete 219,858 SF Build-to-Suit Project in Chicago

by John Nelson April 1, 2015

CHICAGO — Scannell Properties has selected Meridian Design Build to design and construct a 219,858-square-foot automated package sorting and distribution center in Chicago. The property is for a provider of global shipping and information services. The development will feature more than 3,000 square feet of expressway frontage along the north side of I-55 at South Damen Avenue. The project will include dynamic compaction and other engineered ground improvements to support the construction of three new buildings on the site. Site work will be completed to accommodate 452 auto parking stalls and 301 trailer storage positions. The main building design will include 61 loading docks, 156 interior van loading positions, and 8,153 square feet of office space. Freestanding security and vehicle maintenance buildings will also be constructed to support the daily operation of the facility. Cornerstone Architects is providing architectural services. Spaceco Inc. will provide civil engineering work.

April 1, 2015

Industrial New Jersey Northeast

Ancyma Inc. Buys 66,000 SF Industrial Property in New Jersey

by Amy Works April 1, 2015

MAPLEWOOD, N.J. — Ancyma Inc. has acquired an industrial facility, located at 40 Camptown Road in Maplewood, for more than $4 million from R&S Restaurant Supply. The 66,000-square-foot distribution property features 22-foot ceilings, six tailboards, one drive-in door, 40-foot by 40-foot column spacing, wet sprinklers and 25 parking spaces. David Blitt and Robert Sager of Bussel Realty Corp. represented the seller, while Irv Weiss of American Properties represented the buyer in the transaction.

April 1, 2015

Arizona Industrial Western

Self-Storage Facility in Tempe Sells for $4.4M

by Nellie Day March 31, 2015

TEMPE, ARIZ. – A 350-unit self-storage facility in Tempe has sold to SmartStop Self Storage for $4.4 million. The facility is located at 3803 South Priest Drive. It is currently 89 percent leased. The property was built in 2005. It will be re-branded under the SmartStop Self Storage trade name.

March 31, 2015

Illinois Industrial Midwest

Paine/Wetzel TCN Worldwide Arranges 25,488 SF Industrial Lease in Tinley Park, Ill.

by Danielle Everson March 31, 2015

TINLEY PARK, ILL. — Paine/Wetzel TCN Worldwide has arranged a 25,488-square-foot industrial lease within a 100,000-square-foot building at 7650 W. 185th St. in Tinley Park, a suburb south of Chicago. Emerson Process Management assists companies in controlling and managing their water and energy processes to cut costs and create efficiency. The company, already located in Tinley Park, is expanding its operations into this new location. Emerson selected the building due to its close proximity to expressways, a train station, hotels and restaurants. The building includes a 30-foot ceiling height, five docks, one drive-in door and parking for up to 60 cars. Ed Wabick, Curt Stanton and Patrick Fitzgerald of Paine/Wetzel represented the tenant, Emerson Process Management. NAI Hiffman’s Mike Robbins and Ben Cremer represented the building’s landlord, SAVI Properties LLC.

March 31, 2015

Illinois Industrial Midwest

Lee & Associates Arranges Sale of 52,000 SF Industrial Building in Burr Ridge, Ill.

by Danielle Everson March 31, 2015

BURR RIDGE, Ill. — Lee & Associates has arranged the $4.1 million sale of a 52,000-square-foot truck terminal industrial building located at 7545 S. Madison in Burr Ridge. Justin Fierz, Brian Vanosky and Tim McCahill of Lee & Associates’ Illinois office represented the seller, RAB Properties Inc. Kip Hennelly of Patrick Commercial Real Estate represented the buyer.

March 31, 2015

Industrial Texas

NAI Partners Arranges Lease of 12.3-Acre Rail Yard in Houston

by Haisten Willis March 30, 2015

HOUSTON — NAI Partners has arranged the sale of a 12.3-acre rail yard in Houston. Clay Pritchett and John Ferruzzo of NAI Partners represented landlord, W&P Development Corp. in the transaction. Swift Transportation was the tenant. The rail yard is located in the San Jacinto River & Rail Park, 18511 Beaumont Highway, in Houston.

March 30, 2015

Illinois Industrial Midwest

Darwin Realty & Development Corp. Arranges Industrial Lease in Bensenville, Ill.

by Danielle Everson March 30, 2015

BENSENVILLE, ILL. — Darwin Realty & Development Corp. has arranged the lease of a 1,500-square-foot industrial space in Bensenville. Dan Fanelli of Darwin Realty and Development Corp. represented both the tenant and landlord in lease to ZM Gear & Machine at 1134 Industrial Drive. The landlord is FBG Corp. ZM Gear is currently occupying an adjacent unit and is expanding its business to the additional space. The facility is just off Route 83 south of Thorndale Avenue and west of York Road in DuPage County. ZM Gear is a family-owned company with more than 20 years of experience in gear manufacturing including parts from shafts, covers and housings.

March 30, 2015

Illinois Industrial Midwest

NGKF Arranges Sale of 110,343 SF Industrial Property in Elgin, Ill.

by Danielle Everson March 30, 2015

ELGIN, ILL. — Newmark Grubb Knight Frank (NGKF) has arranged the sale of a 110,343-square-foot industrial building in Elgin. The property is located at 2545 Northwest Pkwy. Adam Marshall of NGKF and Joe Bronson of NAI Hiffman represented the seller, property owner Zilber Property Group. Marshall also represented the buyer, Bucher Hydraulics, an international provider of hydraulic drive and control technologies for mobile and industrial hydraulic applications. The property is within the Northwest Corporate Park and is adjacent to several retail, restaurant, hotel and child care facilities. Built in 1999, the building features high-end, two-story offices that are 23,200 square feet. Additional features include 24-foot ceiling heights, seven docks, eight drive-in doors as well as 2,400 amps of power.

March 30, 2015

Illinois Industrial Midwest

NelsonHill Brokers Sale of 87,000 SF Building in Chicago’s Stockyards Industrial Park

by Danielle Everson March 30, 2015

CHICAGO — NelsonHill has brokered the $2.8 million sale of 1120 W. Exchange Avenue in Chicago’s Stockyard Industrial Park. Florock, an industrial flooring systems firm, purchased the property. The 63-year-old, global firm plans to consolidate its other locations into one site. The 87,982-square-foot property sits on nearly three acres and includes more than 40 parking spaces, 17-foot to 22-foot ceiling heights and a 4,000-square-foot office. The property also features two interior docks and two overhead doors. Michael Nelson and Mark Nelson of NelsonHill represented the seller, The Missner Group. Adam Tarantur, Corey Chase and Kyle McKechnie of Podolsky|Circle CORFAC International represented the buyer.

March 30, 2015

Industrial Market Reports Southeast Southeast Market Reports Tennessee

National, International Users are Transforming Memphis Industrial Market

by John Nelson March 30, 2015

Memphis has acquired many nicknames since its establishment in 1819: Blues City, Birthplace of Rock ‘N Roll, and Bluff City just to name a few. However, one name that has managed to work its way to the top of the list in recent years is America’s Distribution Center. Metropolitan Memphis, located in the southeast corner of Tennessee, northwest Mississippi and eastern Arkansas, contains approximately 4,598 square miles and is inhabited by approximately 1.3 million people. As one of the few MSAs to include three states, the Memphis region plays an integral role as the cornerstone of the Mid-South area. With a central location and rich transportation infrastructure, Memphis transformed into the regional and national distribution and logistics hub. Memphis’ transportation infrastructure is comprised of the four Rs: runway, rail, river, and road. Memphis International Airport was named the largest air-cargo airport in the United States for 18 consecutive years. It is now tied for first in the world with Hong Kong International Airport. Memphis is one of only three cities in the US that has five of the seven Class I railroads: Union Pacific/Southern Pacific, Burlington Northern Santa Fe (BNSF), CSX Corp., Norfolk Southern and Canadian National Railroad (CN). The …

March 30, 2015

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