Industrial

MORGAN/HARBOUR CONSTRUCTION COMPLETES 87,975 SF INDUSTRIAL FACILITY

by admin January 7, 2014

ELK GROVE VILLAGE, ILL. — Morgan/Harbour Construction has completed an 87,975-square-foot industrial facility for Weiss Rohlig Logistics. CenterPoint Properties is the developer of the new ground-up facility located at 1601 Estes Ave. in Elk Grove Village, a northwest suburb of Chicago. CenterPoint selected Morgan/Harbour as the general contractor for the project that began with the demolition of an existing building. The industrial building is divisible for two tenants and features a glass curtain wall at each entry. Weiss Rohlig will use 57 percent of the space. The property includes 16,000 square feet of office, 15 loading docks and two drive-in doors. Weiss Rohlig Logistics is the partnership of Gebruder Weiss and Rohlig Logistics and its core business is overland transport, air and sea freight and complex logistics solutions. Ben Warriner, vice president of construction, and Noah Warriner, project manager, led Morgan/Harbour’s construction team. Cornerstone Architects provided the architectural services.

January 7, 2014

TIGARD CENTRAL INDUSTRIAL PARK SELLS FOR $9.7M

by admin January 7, 2014

TIGARD, ORE. — Tigard Central Industrial Park, a 209,000-square-foot manufacturing and distribution complex, has sold to McLellan Estate Company for $9.7 million. The five-building complex is located on SW Hall Boulevard. It is currently 81 percent occupied by tenants like Apex Industries, Compass Group USA, Archers Precision and Bay Standard Manufacturing. McLellan was represented by Dennis O’Neil of NAI Norris Beggs & Simpson. The seller, TCTPI, LLC was represented by Greg Nesting, Scott Finney & Raymond Duchek of Norris & Stevens, Inc.

January 7, 2014

Industrial Western

MATTRESS FIRM LEASES NEARLY 80,000 SF IN TOLLESON

by admin January 7, 2014

TOLLESON, ARIZ. — Mattress Firm, Inc., has leased 79,880 square feet at a distribution building in Tolleson. The 197,526-square-foot building is located at 9180 W. Buckeye Road. The bedding specialty retailer was represented by Steve Bodeman of DAUM Commercial Real Estate Services. The landlord, First Industrial LP, was represented by Pat Feeney of CB Richard Ellis.

January 7, 2014

Industrial Western

FLIGHT LINE PRODUCTS LEASES 58,000 SF IN VALENCIA

by admin January 7, 2014

VALENCIA, CALIF. — Flight Line Products has leased 58,000 square feet at an industrial building in Valencia. The building is located at 28939 N. Ave. Williams. The new space will allow the airline industry supplier to expand within the Valencia area, where it is headquartered. The company was represented by Yair Haimoff of NAI Capital’s Encino office. The landlord, 12800 Wentworth LLC, was represented by David Young and Chad Gahr of the same firm.

January 7, 2014

Industrial Northeast

TERRENO REALTY BUYS INDUSTRIAL BUILDINGS IN QUEENS FOR $53.1M

by admin January 6, 2014

NEW YORK CITY —Terreno Realty Corp. has acquired JFK Airgate, a four-building property totaling 229,000 square feet, and an adjacent parcel in Queens for $53.1 million. JFK Airgate, located approximately one-half mile north of John F. Kennedy International Airport, is approximately 98.6 percent leased to 18 tenants, including some of the largest international air cargo and logistics firms. The 65,000-square-foot Airgate I is a warehouse with 14 dock-high and three grade-level loading positions and parking for 56 cars at 151-02 132nd Ave. Airgate II is also a warehouse that spans 66,000 square feet with 12 dock-high and three grade-level loading positions and parking for 76 cars at 150-10 132nd Ave. The 73,000-square-foot Airgate III is a distribution building with 18 dock-high and one grade-level loading positions and parking for 138 cars at 152-02 Baisley Blvd. Airgate IV is an office building spanning 25,000 square feet and includes parking for 58 cars at 152-01 133rd Ave. The 0.2-acre paved parcel includes parking for 27 cars at Baisley Boulevard and 132nd Avenue. The estimated stabilized cap rate of the property is 5.3 percent, according to San Francisco-based Terreno Realty Corp.

January 6, 2014

Industrial Texas

HENRY S. MILLER BROKERS 24,275 SF FLEX SPACE SALE IN LEWISVILLE

by admin January 6, 2014

LEWISVILLE, TEXAS — The firm of Henry S. Miller has brokered the sale of a 24,275-square-foot flex property in the Dallas/Fort Worth suburb of Lewisville. Located on 1.5 acres at 1210 Metro Park Blvd., the facility offers both warehouse and office space, as well as easy access to Highway 121 and Interstate 35. Dan Spika of Henry S. Miller represented the seller, Britestar Group, in the transaction. Mark Graybill of Lee & Associates represented the buyer, Team Taylor Investments LLC.

January 6, 2014

Industrial Texas

CBCUR BROKERS SALE OF 10,200 SF INDUSTRIAL PROPERTY IN METRO HOUSTON

by admin January 6, 2014

TOMBALL, TEXAS — Coldwell Banker Commercial United Realtors (CBCUR) has brokered the sale of a two-building, 10,200-square-foot industrial property in Tomball, a northwest suburb of Houston. Built in 1985, the structures feature 14-foot clear heights, three bay doors each and a showroom space. Located at 14695 Brown Road, the complex offers close proximity to State Highway 249. Patrick Buckhoff of CBCUR represented the seller, Action Window Covering Inc., while Tom Carter of greater Houston Commercial Properties represented the buyer, Joe Laughlin.

January 6, 2014

Industrial Texas

M&M BROKERS 60,088 SF INDUSTRIAL SALE IN DALLAS

by admin December 23, 2013

DALLAS — Marcus & Millichap has brokered the sale of Dilido Warehouse, a 60,088-square-foot industrial property in Dallas. Constructed in 2003, the Class B multi-tenant facility is located at 3680 Dilido Road, in close proximity to Loop 12, Interstate 30 and Interstate 80. Roger Hendricks and Myles Ytem of Marcus & Millichap marketed the property on behalf of the seller, a partnership. The two also procured the buyer, an institutional investment firm from California, within four days of listing.

December 23, 2013

Industrial Texas

COLLIERS ARRANGES 106,333 SF INDUSTRIAL LEASE IN DFW METRO

by admin December 23, 2013

LANCASTER, TEXAS — Colliers International has arranged a 106,333-square-foot industrial lease in Lancaster, a suburb approximately 15 miles south of downtown Dallas. iGPS Logistics, a manufacturer and distributor of plastic pallets, will occupy the space, which is located within the Prologis Park 20-35 development at 2200 Danieldale Road. Allen Gump, Allyson Gump, Robert Badgero and Steven Badgero of Colliers represented the tenant in the negotiations. Nathan Orbin of Jones Lang LaSalle represented the landlord, an entity of Prologis Inc. known as PACGWL LLC.

December 23, 2013

Industrial Midwest

MANUFACTURING COMPANY BUYS MAJORITY OF FORMER KRAFT GLENVIEW CAMPUS

by admin December 20, 2013

GLENVIEW, ILL. — Illinois Tool Works (ITW), a Fortune 200 industrial manufacturer, has acquired the vast majority of the former Kraft Foods Group Inc. campus in Glenview, a northern suburb of Chicago. Terms of the transaction were not disclosed. The campus is located four miles southeast of ITW’s former location at 3600 W. Lake Ave. Global commercial real estate services firm Studley represented ITW in the site search and final transaction. The land ITW purchased from Kraft includes 49 acres and two office buildings spanning 503,000 square feet combined. Kraft vacated the Glenview campus as part of the splitting of its grocery and snack businesses. Rick Schuham, executive vice president and co-branch manager of Studley’s Chicago office, represented ITW in the transaction. John Goodman and Eric Feinberg, also of Studley, assisted Schuham. Paul Sheridan of Hamilton Partners assisted in the transaction.

December 20, 2013

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