McCOOK ILL. — Bridge Development Partners has sold its 365,359-square-foot build-to-suit corporate facility in McCook, a southwest suburb of Chicago, for an undisclosed price. Bridge purchased 40.9 acres at 8201-8401 W. 47th St. one year ago for the construction of build-to-suit and speculative projects. The facility built for Dallas-based Freeman Decorating Services Inc. was sold to American Realty Advisors for one of its client portfolios. In July 2013, Freeman, represented by Jerry Sullivan and Ed Wabick of Chicago’s Paine/Wetzel TCN Worldwide, and Tom Sutherland of CASE Commercial Real Estate Partners in Dallas, signed a 15-year lease for the build-to-suit transaction. Bridge acquired the McCook site with Akard Street Partners, an investment partnership operated by Hunt Realty Investments Inc. Phase II of the development on the remaining 15 acres of the site is a 226,196-square-foot speculative industrial facility, divisible to 50,000 square feet. Vern Schultz and Tom Condon of Colliers International are the exclusive leasing agents for the project. Itasca, Ill.-based Cornerstone Architects Ltd. designed both McCook facilities and Des Plaines, Ill.-based Premier Design + Build Group LLC constructed the properties.
Industrial
PISCATAWAY, N.J. — Trammell Crow Co. and its joint venture partner, Clarion Partners, has signed Dawn Food Products Inc. to a long-term lease at 30 Knox Drive within South Washington Park in Piscataway. Dawn Foods will occupy 130,681 square feet of the 227,042-square-foot industrial building. Located in the Northern New Jersey Industrial Market, South Washington Park features two industrial buildings: the 305,750-square-foot 10 Knox Drive and 30 Knox Drive. Each building includes high ceiling heights, efficient loading areas, wide column spacing and ESFR sprinkler systems. Additionally, the site features full building circulation, high trailer parking ratios and subdivided parcels.
VANCOUVER, WASH. — Dermody Properties has acquired a six-acre site in Vancouver for an undisclosed sum. The site is located at Northeast 60th Ave. Dermody plans to develop LogistiCenter 205 on the site. LogistiCenter 205 will be a 98,400-square-foot industrial facility. It will be the only Class A industrial facility available in the Vancouver/ Clark County submarket, according to Dermody. The facility will be built by Perlo Construction and designed by Mackenzie. Tony Reser, Tom Talbot and Scott Murphy of Kidder Mathews will serve as the facility’s leasing agents. The site was purchased from a private seller.
DALLAS AND FORT WORTH — HFF has arranged the sale of a six-property, 16-building industrial portfolio totaling 462,618 square feet in the Dallas-Ft. Worth Metroplex. HFF marketed the properties on behalf of the seller, AEW Capital Management LP, who sold the portfolio for one of its institutional clients. Red Tail Acquisitions purchased the assets for an undisclosed amount. The properties are located at 1360-1420 Presidential Drive and 85-890 N. Dorothy Drive in Richardson and at 1420 Halsey Way, 1406 Halsey Way, 2122 Country Club Drive and 2855 Trinity Square Drive in Carrollton. The properties are 87 percent leased to 41 tenants. HFF’s team included Randy Baird, Jud Clements, Robby Rieke and Justin Kundrak.
HOUSTON AND HUMBLE, TEXAS — TNRG has arranged the sale of two industrial properties in Houston and Humble. In the first, Long View Equity Partners II LTD purchased a 28,270-square-foot facility on 4553 Aldine Bender Road in Houston. Mike Spears and Mary-Elizabeth Moore with TNRG represented the buyer. Travis Land and John Ferruzzo with NAI Houston represented the seller, BRG Cornerstone Development Partners LLC. In the second transaction, Timothy Ray purchased a 3,000-square-foot facility on 2407B S. Houston Ave. in Humble. Thomas Leger and Chase Cribbs from TNRG represented the seller, LWS S. Houston Ave. LLC. Jason Kieschnick with Zann Commercial represented the buyer.
ROCK HILL, S.C. — Charlotte-based Beacon Partners plans to break ground on Riverwalk Commerce Center, a speculative industrial building within Riverwalk Business Park in Rock Hill, a suburb of Charlotte. Riverwalk Commerce Center will span 277,290 square feet and feature 32-foot clear heights, a 185-foot truck court with trailer parking and an ESFR sprinkler system. Beacon plans to break ground in mid-September and complete the project in the first quarter of 2015. The project team includes architect Merriman Schmitt, general contractor Choate Construction and project lender Regions Bank. This is the second speculative industrial building that Beacon is currently developing.
SUFFIELD, CONN. — East Granby, Conn.-based Trevisan USA LLC has broken ground on its new industrial facility in Suffield. The 17,000-square-foot building will accommodate Trevisan’s previously announced expansion in the United States. The new facility is located on the corner of Austin and South streets. Bloomfield, Conn.-based PDS Engineering and Construction is leading the project.
BOLINGBROOK, ILL. — ML Realty Partners LLC has acquired a 56,931-square-foot industrial building in Bolingbrook for an undisclosed price. The distribution facility is located at 650 S. Schmidt Road and will be available for lease immediately. The property has highway visibility along I-55. Terry Grapenthin and Jeffrey Galante of Lee & Associates represented ML Realty Partners in the acquisition and will be responsible for the leasing of the building.
UNION CITY, GA. — USAA Real Estate Co. has acquired the I-85 Distribution Center, a 744,000-square-foot warehouse in Union City within the South Atlanta industrial submarket. The property is located within a half mile of I-85 and nine miles from Hartsfield-Jackson Atlanta International Airport. Panattoni Development Co. developed the property in 2006 with 32-foot clear heights, ESFR fire sprinklers, 60-foot deep speed bays, 185-foot truck court and trailer and automobile parking. Sean Boswell and Scott Plomgren of Colliers International’s Atlanta office are coordinating the leasing of the property, which has 517,000 square feet of vacancy.
MILWAUKEE — Zilber Property Group has acquired six industrial buildings from CenterPoint Properties in Milwaukee for an undisclosed sales price. Totaling more than 202,000 square feet, the properties are located near the General Mitchell International Airport. The portfolio includes a combination of single-tenant and multi-tenant buildings. RPF Commercial Inc. represented the seller and will continue to market on behalf of Zilber Property Group.