Industrial

Miller Construction Co. Completes 218,000 SF Transal Logistics Center in Metro Miami

by John Nelson February 10, 2015

DORAL, FLA. — Miller Construction Co. has completed the 218,000-square-foot Transal Logistics Center in Doral for Gibson Development Partners. The two-building complex at 8301-8303 N.W. 27th St. provides warehouse/distribution space for international trade operations, with 30-foot clear heights, 54- by 50-foot column spacing, ESFR fire sprinklers and T-5 lighting with motion sensors. Boca Raton-based RLC Architects designed the property to feature reinforced concrete and tilt-wall buildings that wrap around a secure 180-foot truck court with dock-high loading for the center’s 69 bays. Bay sizes start at 8,910 square feet and units will range in size from 17,280 to 110,000 square feet, and Coral Gables-based Fairchild Partners is handling leasing. Additionally, Miller Construction is building Gateway Plaza at Doral, an 84,000-square-foot office, retail and restaurant center nearing completion near the Transal Logistics Center on N.W. 87th Avenue and N.W. 21st Terrace.

February 10, 2015

Industrial Massachusetts Multifamily Northeast

Axcelis Technologies Sells HQs for $49M in Massachusetts

by Amy Works February 9, 2015

BEVERLY, MASS. — Axcelis Technologies has sold its corporate headquarters facility located at 208 Cherry Hill Dr. in Beverly. An affiliate of Northbrook, Ill.-based Middleton Partners purchased the property for $49 million. Built in 1984 and situated on 37 acres, the facility consists of 417,313 square feet high-end office and industrial space. Axcelis is will lease the property on a long-term, triple-net lease. Ed Wlodarczyk and James Halepis of DTZ represented the seller and procured the buyer in the transaction.

February 9, 2015

Industrial Midwest Wisconsin

CenterPoint Properties Sells 10-Building Industrial Portfolio in Wisconsin

by Danielle Everson February 9, 2015

OAK BROOK, ILL. — CenterPoint Properties has sold a 10-building industrial portfolio in Wisconsin. The portfolio consists of 1.74 million square feet and 116 acres of land. Erik Foster, Mike Wilson and Christy Wold of Avison Young co-brokered with Chad Vande Zande, represented CenterPoint in the transaction. The building addresses of the properties include W142 N9251 Fountain Blvd. in Menomonee Falls; 5401 W. Donges Bay Road in Mequon; 7025 W. Parkland Court in Milwaukee; 7501 N. 81st St. in Milwaukee; 11925 W. Carmen Ave. in Milwaukee; 2450 S. 170th St. in New Berlin; 16405 W. Lincoln Ave. in New Berlin; 16800 W. Ryerson Road in New Berlin; 2900 S. 160th, St. in New Berlin; and 6736 W. Washington Dr. in West Allis. CenterPoint is an owner/operator of industrial real estate property, consisting of 47.3 million square feet and 5,450 acres nationwide.

February 9, 2015

Arizona Industrial Western

Pair of Sky Harbor Warehouses in Phoenix Sells for $6.3M

by Nellie Day February 9, 2015

PHOENIX – A pair of warehouses that are situated just south of Phoenix Sky Harbor International Airport have sold to ViaWest Group for $6.3 million. The warehouses are located at 2950 E. Broadway Road. They contain 50,256 square feet and 44,838 square feet and are part of Broadway Crossing industrial park. Both buildings are fully leased. They were built in 2000. Matt McDougall of Lee & Associates represented both the buyer and seller, CNA Enterprises, in this transaction.

February 9, 2015

California Industrial Western

AMPAM Parks Buys Carson Industrial Building for $5.8M

by Nellie Day February 9, 2015

CARSON, CALIF. – AMPAM Parks Mechanical has purchased a 50,100-square-foot industrial building in Carson for $5.8 million. The facility is located at 17036 S Avalon Blvd. It served as the former headquarters of National Emblem. AMPAM plans to occupy the new facility later this year. The company was represented by Bart Pucci of Studley. National Emblem was represented by Greg Gill and Sean Lieppman of Lee & Associates – Long Beach.

February 9, 2015

California Industrial Western

Irvine Industrial Building Sells for $3.8M

by Nellie Day February 9, 2015

IRVINE, CALIF. – A 21,463-square-foot industrial building in Irvine has sold to RH Matthews LLC for $3.8 million. The building is located at 17752 Fitch Street. Jim deRegt, Jim Snyder and Pat Lacey of Lee & Associates – Newport Beach represented both the buyer and seller, MDG Real Estate, in this transaction.

February 9, 2015

Industrial New Jersey Northeast

HFF Brokers $19.5M Sale of 212,000 SF Industrial Facility in New Jersey

by Amy Works February 6, 2015

SECAUCUS, N.J. — HFF has brokered the sale of an industrial facility, formerly Daffy’s Distribution Center, in Secaucus. Situated on 20 acres on Daffy’s Way, the property features 212,000 square feet of warehouse space. Sitex Group LLC sold the property to MEPT, a real estate equity fund advised by Bentall Kennedy, for $19.5 million. HFF’s Michael Nachamkin led the firm’s investment sales team that represented the seller in the transaction.

February 6, 2015

Florida Industrial Southeast

CBRE Brokers $5.2M Sale of Industrial Portfolio in Riviera Beach

by John Nelson February 6, 2015

RIVIERA BEACH, FLA. — CBRE has brokered the $5.2 million sale of a 69,071-square-foot industrial portfolio located on four acres in Riviera Beach. An affiliate of KTR Capital Partners sold Flamingo Commerce Center, located at 7655 Enterprise Drive and 7656 Byron Drive, to Denholtz Riviera LLC. The property was 75 percent leased at the time of sale. Dominic Montazemi, Scott O’Donnell, Miguel Alcivar, Jeffrey Kelly, Robert Smith, Kirk Nelson and Jason Hochman of CBRE represented the buyer in the transaction.

February 6, 2015

California Industrial Western

HCP Breaks Ground on Phase I of The Cove at Oyster Point in San Francisco

by Nellie Day February 6, 2015

SAN FRANCISCO — HCP has broken ground on the first phase of The Cove at Oyster Point, a new life science development in South San Francisco. The 884,000-square-foot project will be located on Oyster Point Boulevard. The campus will contain seven buildings that range in size from 102,000 square feet to 158,000 square feet. It will also feature 5.5 acres of outdoor green space, an amenity center, and retail and hotel entitlements. The first phase will contain two buildings totaling 253,000 square feet. They are scheduled for completion in the third quarter of 2016. The Cove will be South San Francisco’s first ground-up, multi-tenant life science development in nearly a decade, according to CBRE life sciences experts Chris Jacobs and Rick Friday, who are serving as the project’s exclusive leasing agents.

February 6, 2015

Industrial New Jersey Northeast

Bussel Realty Arranges Sale of 41,000 SF Industrial Facility in New Jersey

by Amy Works February 5, 2015

PISCATAWAY, N.J. — Bussel Realty Corp. has arranged the sale of an industrial facility located at 727 South Ave. in Piscataway. Deals For Less purchased the 41,000-square-foot property for $1.8 million. The facility features 14-foot ceilings, five loading docks, one drive-in space and heavy power. The buyer plans to raise the property’s roof an additional 10 feet and use the facility for the distribution of novelty items. Gregory Irving, Stephen Nozza and John Cascio of Bussel Realty Corp. represented the seller, Kanter Properties LLC, while Isaac Neuman of Gramercy Realty Sales represented the buyer in the deal.

February 5, 2015

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