LOVES PARK, ILL. — Woodward Inc., an energy and aerospace company, plans to build a $200 million manufacturing campus in Loves Park, just north of Rockford, Ill. The campus will include a 300,000-square-foot production plant and office center on 60 acres. The site will house Woodward's aircraft turbine systems business, and the facility is expected to create 660 jobs over the next five years. Woodward is expected to break ground later this year.
ALSIP, ILL. — Plastipak Packaging has renewed its lease for 204,586 square feet in Alsip, located 19 miles south of Chicago. The facility, located at 12301-12325 South Laramie Ave., includes 4,500 square feet of office space and 24 exterior docks with rail service. Steve Connolly of Nai Hiffman represented the landlord, DCT Industrial Trust, in the transaction.
FLORENCE, N.J. — NFI Real Estate has broken ground on a 526,050-square-foot distribution and training center for Subaru of America in Florence. The project is under construction at NFI Park at Florence Crossing, located at 2020 Route 130 North. It is less than a mile from the New Jersey Turnpike and Pennsylvania Turnpike extension. The building is expected to be completed by June 1, 2013.
PLANO AND FORT WORTH — Dallas-based Westmount Realty Capital has purchased the 45,805-square-foot Krona Business Park, located at 625 Krona Drive in Plano, and a 96,400-square-foot warehouse located at 1401-1424 Northpark Drive near downtown Fort Worth. The Plano facility is fully leased and the Fort Worth facility is 35 percent leased to four tenants. Westmount purchased the facilities in partnership with Tom Wiegand of Eastlake Partners.
PHILLIPS, NEB. — Darland Construction is building a 141,000-square-foot warehouse as part of Syngenta's $63 million expansion at its seed corn production facility near Phillips. The warehouse is slated for completion in early 2013 with the full expansion to be complete in time for the 2013 harvest. The warehouse is a 400-by-326 foot metal building with two finished offices and a covered connecting ramp to an existing building. Darland project manager John Maderak is supervising the project. The planned expansion will support contracting as many as 5,500 additional acres of seed corn.
CHICAGO — MWD Logistics has renewed its lease for 90,624 square feet at 1500 East 97th St. in Chicago. The space is part of Calumet Business Center, a 2 million-square-foot industrial complex made up of 12 buildings south of downtown Chicago. The site is served by rail and is within one-quarter mile of I-94. The Chicago Tribune, Del Monte, MeadWestvaco and Cargil anchor the development. Chris Gary of NAI Hiffman represented the landlord, Ashley Capital, in the transaction. Adam Haefner of Darwin Realty represented the tenant.
URBANCREST, OHIO — UPS Supply Chain Solutions has signed a long-term lease for 248,145 square feet at Opus I at Big Run in Urbancrest, bringing the building to full occupancy. UPS Supply will occupy just over 50 percent of the space in the 491,000-square-foot facility, which is owned by an affiliate of The Opus Group. The balance of the building is occupied by McKesson. The industrial building is located at I-270 and Route 62. Mike Hurd, Rick Trott and Kevin McGrath of Cassidy Turley represented the building owners in the transaction.
BETHEL, PA. — Dollar General has purchased 110 acres of indusrial land at Berks Park in Bethel. The land will be developed for a distribution center. Jack Shepley of NAI CIR and Joe Howell of NAI Global Corporate Solutions represented Dollar General in the transaction. Jeff Williams of Cushman & Wakefield represented the seller, Berks County Industrial Development Authority.
PLACENTIA, CALIF. – A 77,788-square-foot industrial property in Placentia has sold to Classic Performance Products for $5.9 million. It is located at 378 E. Orangethorpe Ave. The company plans to use the property for its manufacturing, sales and R&D operations. Classic Performance was represented by Mike Vernick and Mike Hefner of Voit’s Anaheim office. The seller, Lincoln Imports, was represented by CBRE’s Erik Wanland and Sean Ward.
LANHAM, MD. — Capitol Asset IT & Recycling Solutions has acquired a 25,500-square-foot warehouse and office property located at 4721 Boston Way in Lanham, for $2.15 million. The property will serve as Capitol Asset's new headquarters, warehouse and distribution facility. Scott Skogmo of Sperry Van Ness represented the buyer in the transaction. Mike Roden, Jay O'Donnell and Ralph Haught of CBRE Group represented the seller.