Industrial

OPUS TO BUILD TWO SPECULATIVE INDUSTRIAL BUILDINGS

by admin July 11, 2013

PLAINFIELD, IND. — The Opus Group plans to develop and construct two speculative industrial warehouse buildings totaling 924,530 square feet at the Plainfield Business Center in Plainfield, a western suburb of Indianapolis. Milwaukee-based Northwestern Mutual will own the buildings. Construction on both buildings began in early July. Located on 52 acres of land north of I-70 near downtown Indianapolis, the project includes two side-by-side warehouse buildings known as Airwest 12, totaling 448,305 square feet, and Airwest 13, totaling 476,225 square feet. The project is slated for completion in spring 2014. Opus Development Co. LLC is the developer, Opus Design Build LLC will serve as the design-builder and Opus AE Group LLC is the project architect.

July 11, 2013

LEE & ASSOCIATES ARRANGES SALE OF INDUSTRIAL BUILDING

by admin July 11, 2013

IRVING, TEXAS — Lee & Associates has secured the sale of a 43,400-square-foot industrial building at 1420 W. Walnut Hill Lane in Irving. Nathan Denton of Lee & Associates represented the seller, Felder Property Group, in the transaction with the buyer, Glasswerks.

July 11, 2013

Industrial Western

HAUTELOOK TO OCCUPY GLEN HELEN DISTRIBUTION CENTER IN SAN BERNARDINO

by admin July 11, 2013

SAN BERNARDINO, CALIF. – HauteLook has signed a 10-year lease to occupy the Glen Helen Distribution Center, a 604,000-square-foot building in San Bernardino. The center is located at 17335 Glen Helen Parkway. The Nordstrom-owned shopping website will be expanding and relocating from its 300,000-square-foot facility in nearby Fontana. The Glen Helen Distribution Center was developed by Alere Property Group. It will be used for HauteLook’s inventory storage, fulfillment and returns processing. HauteLook plans to occupy the distribution center this September.

July 11, 2013

Industrial Southeast

STURM, RUGER & CO. EXPANDING INTO NORTH CAROLINA

by admin July 10, 2013

MAYODAN, N.C. — Firearms maker Sturm, Ruger & Co. has announced plans to build a new manufacturing facility in Mayodan, located approximately 50 miles north of the Triad area. Sturm, Ruger & Co. will finalize plans for the 220,000-square-foot facility in August. It currently operates manufacturing facilities in Newport, N.H., and Prescott, Ariz. The new plant represents the company’s first major expansion in more than 25 years.

July 10, 2013

Industrial Western

BRENTWOOD ORIGINALS LEASES WAREHOUSE DISTRIBUTION SPACE IN CARSON

by admin July 9, 2013

CARSON, CALIF. — Brentwood Originals has leased a 150,000-square-foot warehousing and distribution facility at the Prologis South Bay Distribution Center in Carson. The six-year lease is valued at more than $5.6 million. The space is located at 20642 S. Fordyce Ave. The home lifestyle importer, manufacturer and retail distributor was represented by Steve Calhoun and Dave Drummond of Colliers’ South Bay office. Prologis was represented by CBRE.

July 9, 2013

Industrial Southeast

COLLIERS ARRANGES 350,000-SQUARE-FOOT INDUSTRIAL SALE

by admin July 9, 2013

BLYTHEWOOD, S.C. — Colliers International has arranged the sale of the former Lamson & Sessions building located at 1091 Carolina Pines Drive in Blythewood. Vacant since 2011, the 350,000-square-foot building was purchased by Intertape Polymer Group, which plans to relocate and expand its Columbia operations into the Class A property. Chuck Salley and Dave Mathews of Colliers represented the seller, PCO Carolina Pines LP. The purchase price was not disclosed.

July 9, 2013

Industrial Western

BRENTWOOD ORIGINALS LEASES WAREHOUSE DISTRIBUTION SPACE IN CARSON

by admin July 9, 2013

July 9, 2013

Industrial Midwest

HACKMAN CAPITAL BUYS OHIO INDUSTRIAL REAL ESTATE PORTFOLIO

by admin July 8, 2013

COLUMBUS, OHIO — Privately held real estate investment firm Hackman Capital Partners LLC has acquired a 28-building industrial portfolio totaling 2.5 million square feet. The portfolio includes multi-tenant buildings throughout Ohio. Five of the properties are located in Columbus totaling 611,578 square feet, and 16 properties are located in Cleveland totaling 1.5 million square feet. The remaining seven properties are located in Cincinnati and total 394,072 square feet. Two land parcels in Columbus, totaling 23.5 acres, are also included in the portfolio. The multi-tenant buildings include 108 tenant spaces ranging from 2,400 to 219,600 square feet. As of closing, 73 percent of the space is occupied. Deutsche Bank provided first mortgage financing in connection with the transaction, and affiliates of New York-based Square Mile Capital Management LLC supplied an additional $25 million of capital. In addition to Hackman Capital’s internal team, the company has retained leasing agents for the new Ohio portfolio from Jones Lang LaSalle, CBRE, Newmark Grubb Knight Frank, RG Boll and Colliers International. Hackman Capital also retained Colliers International as property managers of the portfolio.

July 8, 2013

Industrial Western

SARES REGIS TO BREAK GROUND ON SRG PERRIS LOGISTICS CENTER

by admin July 3, 2013

PERRIS, CALIF. – Sares-Regis is set to break ground on the SRG Perris Logistics Center, a 580,000-square-foot distribution in Perris. The Class A distribution building will be located at 3900 Indian Ave.near the former March Air Force Base. The $40-million project will be situated on 28.8 acres in a prime distribution corridor that contains major consumer brands and retailers, including Whirlpool, Hanesbrands Inc., Home Depot, Lowe’s and Ross.Construction will begin this summer. It should be complete by the end of the year. The center will built to LEED specifications. It is being marketed by Thomas Taylor, Steve Bellitti and Summer Colter of Colliers International. This team also represented both SRG and the land’s seller, Ridge Realty, in the land transaction.

July 3, 2013

Industrial Texas

GRAMERCY PROPERTY TRUST ACQUIRES FOUR FACILITIES FOR $82M

by admin July 3, 2013

NEW YORK CITY — Gramercy Property Trust Inc. has closed on four acquisitions in Dallas, southern New Jersey, Houston and Orlando, Fla., for approximately $82 million combined. The properties include a wholesale automotive auction facility located in Hutchins in the Dallas MSA and a cross-dock truck terminal in Houston. Gramercy purchased the auction facility for approximately $58.5 million, which includes the assumption of a $26.3 million first mortgage that is co-terminus with the lease. The property is fully leased through June 2029. Gramercy purchased the Houston terminal, which has 189 dock doors, and the Orlando terminal for a combined $12 million. The Houston terminal is leased through May 2019. Gramercy purchased the industrial freezer/cooler facility for approximately $11.8 million.

July 3, 2013

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