Industrial

Construction Begins for 1.02M SF Distribution Facility at Prologis Carlisle

by Amy Works February 20, 2015

CARLISLE, PA. — Prologis has broken ground for construction on a distribution facility at its Prologis Carlisle site. Situated on 105 acres off Allen Road in Carlisle, the 1.02 million-square-foot building is Prologis’ first speculative development in the market since 2007. The property also includes an additional build-to-suit site fully approved for 398,840 square feet. Slated for occupancy in August, the facility will feature 36-foot ceiling heights and 7-foot concrete floors to provide tenants with greater efficiency and increased cubic capacity for racking and stacking. Cushman & Wakefield is the leasing agent for Prologis Carlisle industrial park.

February 20, 2015

Industrial North Carolina Southeast

DTZ Brokers Sale of Industrial Properties in Charlotte

by John Nelson February 20, 2015

CHARLOTTE, N.C. — DTZ has brokered the sale of two industrial properties located at 2198 and 2130 Wilkinson Blvd. in Charlotte. Titan Electric Co. Inc. purchased the assets, which total roughly 30,200 square feet, from Quinn Management for an undisclosed price. Charlie Ripple of DTZ’s Charlotte office represented the seller in the transaction. Andy Burch of Ford Realty Co. represented the buyer.

February 20, 2015

Georgia Industrial Southeast

CBRE Arranges 200,000 SF Industrial Lease Expansion in Atlanta

by John Nelson February 20, 2015

ATLANTA — CBRE has arranged American Building Supply’s 200,000-square-foot lease expansion at its manufacturing and distribution facility at 4475 S. Fulton Parkway in Atlanta. The hardware and door manufacturer and distributor’s lease now totals 635,000 square feet. David Nixon and Chad Burd of CBRE’s Atlanta office represented the tenant, and Will Lombard of Majestic Realty represented the landlord. The overall industrial vacancy in Atlanta dropped to below 10 percent in 2014 for the first time in nearly 14 years, according to CBRE Atlanta Research.

February 20, 2015

Industrial Midwest Office Wisconsin

Gramercy Property Trust Acquires Five Properties for $44.4M

by Danielle Everson February 19, 2015

MILWAUKEE — New York-based Gramercy Property Trust Inc. has acquired one office and four industrial properties totaling approximately 590,000 square feet for $44.4 million. The properties include a portfolio of three single-tenant industrial properties totaling approximately 450,000 square feet in the Milwaukee; a cross-dock truck terminal located in Milford, Conn.; and a 115,000-square-footm Class A call center, office and operations facility in Charlotte. The properties are fully leased with a weighted average lease term of 6.7 years.

February 19, 2015

Industrial Loans Northeast Pennsylvania

HFF Arranges $50M in Financing for 10-Property Industrial Portfolio in Pennsylvania

by Amy Works February 19, 2015

PHILADELPHIA — HFF has arranged $50 million in financing for a 10-property industrial portfolio in central Pennsylvania. The portfolio features 86 buildings totaling 2.12 million square feet of industrial space. HFF worked on behalf of the borrower, Hager Pacific Properties, to secure the 17-year, 4.15 percent fixed-rate loan through a correspondent life company. The portfolio is currently 100 percent leased to Jacobson Cos., a warehousing and distribution company. Ryan Ade of HFF’s Philadelphia office and Mark Wintner of HFF’s Los Angeles office represented the borrower for the loan.

February 19, 2015

California Industrial Western

JC Paper Extends Lease for Warehouse Space in Fremont

by Nellie Day February 19, 2015

FREMONT, CALIF. – JC Paper has signed a 10-year lease extension for 214,809 square feet of warehouse space in Fremont. The space is located at 47422 Kato Road. The Kato Road complex was built in 1997. JC Paper was represented in-house by Mark Clarke. The landlord, Westcore Properties, was represented by its own Meghan Sandlin.

February 19, 2015

California Industrial Western

Lincoln Property Company Buys Carlsbad Office Park

by Nellie Day February 19, 2015

CARLSBAD, CALIF. – Lincoln Property Company has purchased a 68,392-square-foot R&D/office park in Carlsbad for $11.9 million. The park is located at 5993 and 5999 Avenida Encinas. It was 80 percent occupied at the time of purchase. This is Lincoln’s fourth purchase in North County over the past year. Rick Reeder and Aric Stark of DTZ represented both the buyer and unnamed seller in this transaction.

February 19, 2015

California Industrial Western

Pinnacle Exhibits Leases 92,802 SF of Industrial Space in Irvine

by Nellie Day February 18, 2015

IRVINE, CALIF. – Pinnacle Exhibits LLC has leased 92,802 square feet of industrial space in Irvine. The space is located at 9 Holland, within the Irvine Spectrum. The 180,982-square-foot industrial building is now fully leased. The designer, builder and manager of 3-D brand environments was represented by Ryan Harman of Lee and Associates’ Irvine office. The landlord, CT Holland Industrial LLC, was represented by CBRE’s Gregg Haly, Jeff Carr and Dave Desper.

February 18, 2015

California Industrial Western

Westcore Buys Industrial Facility at March Air Reserve Base Near Riverside

by Nellie Day February 17, 2015

RIVERSIDE, CALIF. – Westcore Properties has acquired a 260,000-square-foot ground and air industrial facility at March Air Reserve Base near Riverside for an undisclosed sum. The facility is located at 17101 Heacock Street. The property is currently occupied by AMRO Fabricating Corporation and Ross Dress for Less. HFF’s Anthony Brent, Ryan Martin and Jeremy Womack represented both the buyer and seller, a joint venture between Marhub, LLC and Global Port Ramp Services, in this transaction.

February 17, 2015

Industrial Midwest Ohio

Brennan Investment Group Sells Industrial Facility in Forest Park, Ohio

by Danielle Everson February 17, 2015

FOREST PARK, OHIO — Brennan Investment Group has sold a 149,760-square-foot industrial facility in Forest Park, a suburb of Cincinnati. The Class A industrial facility is fully leased to National Bedding Co. (NBC) under a long-term net lease. The property, located at 1680 Carillon Blvd., was built for NBC in 2004. NBC uses the facility to assemble and distribute Serta mattresses. The acquisition also included additional land for future expansion of the building. Ted Staszak and Mike Caprile, of CBRE, represented Brennan in the transaction.

February 17, 2015

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