LITHIA SPRINGS, GA. — Keurig Green Mountain Inc. has purchased a 584,678-square-foot production facility located at 7705 Staples Drive in Lithia Springs, roughly 17 miles west of Atlanta. Known for its single-serving coffee and tea brewing, Keurig will produce pods for its new Keurig Cold beverage platform at the property. Sean Boswell and Scott Plomgren of Colliers International represented the seller, CenterPoint Properties, in the transaction. The facility features 9,200 square feet of office space, 32-foot clear heights, 80 exterior docks, three drive-in doors, 196-space parking lot and 199 trailer positions.
Industrial
JONESBORO, ARK. — Binswanger has arranged the sale of a single-story 188,771-square-foot manufacturing and warehouse facility located at 3100 Nordex Drive in Jonesboro. The industrial facility is situated on a 195-acre parcel in the Craighead Technology Park, which is located three miles from the future Interstate 555. TrinityRail Maintenance Services Inc., an operating unit of TrinityRail Group LLC, purchased the asset from Nordex USA. Nordex invested $100 million to build the wind turbine production plant in 2008. Holmes Davis of Binswanger’s Dallas office represented Nordex in the transaction.
GRAND PRAIRIE, TEXAS — Amcor has leased 211,850 square feet of industrial space in Great Southwest 47 at 610 W. Trinity Blvd. in Grand Prairie, 13 miles west of Dallas. Blake Anderson and David Eseke of Cassidy Turley, along with Greg Kloiber of Top Gun Advisors, represented Amcor. Jeff Folkmann represented the landlord, Prologis, internally.
GARLAND, TEXAS — LaBodega Meat has renewed its lease of 96,000 square feet at Logistics Pointe/Garland for another 15 years. The wholesale grocery and meat business will remain at 2600 McCree Road in Garland, adjacent to Interstate 35. Westmount Realty Capital, which owns the property, and LaBodega together will make an investment of nearly $10 million during the next two years in improvements and new bakery equipment. David Sours and Kevin Kelly of CBRE represented the tenant.
SAN DIEGO – A 14,045-square-foot industrial building in San Diego has sold to Highland Medical Packaging LLC for $2.2 million. The building is located at 4653 Mercury Street. Highland Medical was represented by Brant Aberg and Bryce Aberg of Cassidy Turley. The seller, Mercury Street Property LLC, was represented by Randy LaChance and Glen Volk of Voit Real Estate Services.
ELGIN, ILL., AND SHAKOPEE, MINN. — Broadstone Net Lease (BNL) has invested a total of $52.1 million in two industrial facilities in the Midwest. The private real estate investment trust (REIT) managed by Broadstone Real Estate purchased a Siemens industrial facility in Elgin and a newly constructed Shutterfly production facility in Shakopee. The 170,000-square-foot Siemens facility was offered to Broadstone on a proprietary basis after last October's $36.3 million sale-leaseback of another Siemens facility in Hoffman Estates, Ill. The Elgin transaction carries an initial lease length of 10.5 years, with annual rent increases of more than 2 percent. In late 2013, BNL entered into a forward commitment to acquire the 217,622-square-foot Shutterfly facility. Ryan Cos. built the property. Shutterfly and BNL have executed a new 10-year lease with annual rent increases of 2 percent. The lease also carries three 5-year renewal options. Shutterfly provides a range of personalized photo-based products and services.
CHARLOTTE, N.C. — Grandbridge Real Estate Capital has arranged a $53 million loan to refinance a 13-asset industrial portfolio located in the Charlotte MSA. The portfolio totals more than 1.7 million square feet. Chris Caison of Grandbridge arranged the loan with a fixed interest rate through an unnamed life insurance company on behalf of the owner, Charlotte-based Beacon Partners. Beacon Partners leases and manages more than 9 million square feet of office and industrial space in the Carolinas. C.J. Webb of Grandbridge assisted in the deal.
LAGRANGE PARK, ILL. — Peak Construction Corp. has completed the renovation of a manufacturing warehouse for Deslauriers Inc. in LaGrange Park, a suburb of Chicago. Deslauriers, which manufactures and distributes concrete forming and testing accessories, purchased the facility in 2007. Due to an increase in production and storage, the company is expanding its warehouse to meet new production goals. Peak served as the design builder of the 26,388-square-foot addition.
MALVERN, PA. — Gramercy Property Trust has purchased an R&D/flex facility located in Malvern for $28.4 million in an all-cash transaction. The 191,000-square-foot facility is 100 percent leased through March 2030 to a leading healthcare diagnostics company. Year one net operating income is approximately $2.1 million (7.5 percent initial cap rate; 8.7 percent annualized straight-line cap rate) with annual rent escalations throughout the lease term.
HOUSTON — NAI Houston has leased a 22,000-square-foot industrial warehouse building at 6525-B Cunningham Road in Houston. Travis Land of NAI Houston represented the landlord, Blum Beltway LP. Scott Rubenstein of Pipeline Realty represented the tenant, Texas Pipe & Supply Company.