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Industrial

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IndustrialNortheastPennsylvania

Evergreen Property Trust Buys Two-Building Industrial Facility in Pennsylvania

by Amy Works

CAMP HILL, PA. — Evergreen Property Trust LLC has purchased a two-building industrial property in Camp Hill from IndCor Properties in an off-market transaction for an undisclosed price. The transaction includes the 24,000-square-foot property at 2400 Gettysburg Road and the 124,000-square-foot facility at 2404 Gettysburg Road. Both properties are currently occupied and plans have been submitted for a 43,000-square-foot expansion at 2404 Gettysburg Road. Pat McBride, Adam Campbell and Gerry Blinebury of Cushman & Wakefield’s Harrisburg office, along with Leah Balerno and Marie Connell of the firm’s Philadelphia office, represented IndCor in the deal. Jason Grace of Landmark Commercial Realty represented the buyer in the transaction.

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IllinoisIndustrialMidwest

Brennan Investment Group, Goldman Sachs Acquire 23-Building Industrial Portfolio

by Danielle Everson

CHICAGO — Brennan Investment Group LLC, in a joint venture with Goldman Sachs, has acquired a 23-building, 4.68 million-square-foot industrial portfolio for an undisclosed price. The properties, located throughout the Chicago metropolitan area, were purchased from Mirvac Industrial Trust, an Australian public REIT. CBRE and the Macquarie Group represented the seller in the transaction.

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CaliforniaIndustrialWestern

Placentia Industrial Building Sells for $2.6M

by Nellie Day

LOS ANGELES – A 20,087-square-foot industrial building in Placentia has sold to the Dayton Family Trust for $2.6 million. The space is located at 580 S. Melrose Street in the Los Angeles submarket. The trust will use the property for a food-flavoring business. It was represented by Scott Read of Newmark Grubb Knight Frank. The seller, Nan-Hsing Cheng, was represented by Morgan Hill, Mike Vernick and Mike Hefner of Voit Real Estate Services’ Anaheim office.

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Port of Charleston
IndustrialMarket ReportsSoutheastSoutheast Market Reports

Servicing the Market on a Global Scale: Ports in the Southeast are Pursuing New Business, Boosting Region’s Industrial Market

by John Nelson

The Southeast’s increasing relevance in the global marketplace is due in large part to the success of its ports. Internationally recognized companies like BMW, Boeing and Walmart have expanded in the Southeast to operate closer to the ports handling their imports and exports. According to JLL’s Port, Airport & Global Infrastructure research division, volume of twenty-foot equivalent units (TEUs) in 2013 at 13 seaports across the country was 3.3 percent higher than in 2007. TEU volume at West Coast seaports dipped by 6.8 percent in that period, while East Coast ports exceeded their 2007 volumes by 19.1 percent. The large spike of activity for East Coast ports in the past seven years has resulted in a windfall of industrial tenants expanding in and around the ports. Three of the largest Southeastern ports in terms of capacity are the Port of Charleston, PortMiami and the Port of Savannah. Each have been a boon to the industrial market in their respective state, and with the expansion and harbor deepening projects underway at each port, each should only escalate their importance in the coming years. In the Driver’s Seat The South Carolina Ports Authority (SCPA) is currently in a growth mode with container …

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CaliforniaIndustrialWestern

Townsgate Business Center in Thousand Oaks Sells for $13M

by Nellie Day

LOS ANGELES – Townsgate Business Center, a 73,888-square-foot business park in the Los Angeles submarket of Thousand Oaks, has sold to Townsgate Business Park LLC for $13 million. The four-building complex is located at 2637-2649 Townsgate Road. It is fully leased and offers a mix of warehouse, flex and office applications. The seller, DMC Investment Group, was represented by Dan Spell, Timothy P. Foutz and Mickey Belt of NAI Capital. Delphi Business Properties also assisted with this transaction.

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IndustrialNevadaWestern

GID Leases Space at Prologis Las Vegas Corporate Center

by Nellie Day

LAS VEGAS — Global Industrial Distribution (GID) has leased a 464,203-square-foot speculative industrial building in the Prologis Las Vegas Corporate Center. The building is located at 3700 Bay Lake Trail in North Las Vegas. This is the largest industrial spec building to be leased in Las Vegas in the past eight years, according to Cushman & Wakefield | Commerce, which represented GID in this transaction. GID distributes electronics, office supplies and other equipment. The Prologis Corporate Center is expected to be delivered in the second quarter of this year. GID is scheduled to occupy the building this July. The distributor was represented by C&W’s Danielle Steffen, Art Farmanali and Amy Ogden.

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ArizonaIndustrialWestern

AZ Partsmaster Buys Tempe Industrial Building for $4.9M

by Nellie Day

TEMPE, ARIZ. – AZ Partsmaster has purchased a 73,536-square-foot industrial building in Tempe for $4.9 million. The building is located at 7125 West Sherman Street, just three miles from the homebuilding and property maintenance supply provider’s former location. The seller was Sun State Builders. The transaction was executed by Payson MacWilliam and Don MacWilliam of Colliers International.

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CaliforniaIndustrialWestern

Charter Industrial Supply Buys San Diego Industrial Space

by Nellie Day

SAN DIEGO – Charter Industrial Supply has acquired a 23,608-square-foot industrial building in the San Diego submarket of Kearny Mesa. The price was not disclosed. The building is located at 7832 Ostrow Street. The new space will allow Charter Industrial to expand within San Diego. The company will store and distribute more than 30,000 products, including fasteners, chemicals and aerosols, at the new facility. The seller was the Vander Linde Family Trust. Charter Industrial was represented by Nick Price of Voit Real Estate Services’ San Diego office.

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Alpha-Packaging
IndustrialMidwestMissouri

Gramercy Property Trust Buys Alpha Packaging Facility for $11M

by Danielle Everson

ST. LOUIS, MO. — Gramercy Property Trust has purchased Alpha Packaging’s 211,000-square-foot manufacturing facility in St. Louis for $11 million. The property, located at 1555 Page Industrial Drive, is under a long-term triple-net lease to Alpha Plastics Co. until 2029. The facility serves as the headquarters for Alpha Packaging’s eight plants located throughout the country. Alpha Packaging handles production of plastic bottles and containers for the food, beverage and pharmaceutical industries. The plant has been the home of Alpha Packaging since 1999. In 2002, the company spent more than $4 million to renovate the facility. Hilliker Corp. and affiliate company Westwood Net Lease Advisors, represented the seller, Big Sky Properties, and coordinated the sale with New York-based Gramercy Property Trust.

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IndustrialMidwestOfficeWisconsin

The Dickman Co. Arranges 10,300 SF Industrial Lease in Cudahy, Wis.

by Danielle Everson

CUDAHY, WIS. — The Dickman Co. has arranged the lease of a 10,300-square-foot industrial/office space located at 5801 S. Pennsylvania Ave. in Cudahy. Samuel D. Dickman, Samuel M. Dickman Jr. and Anthony Huenerbein of The Dickman Co. represented the landlord, Hansen Storage Company LLC. Tony Haning of Jones Lang LaSalle represented the tenant, KONE Inc.

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