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Industrial

Airfield-130-Austin
DevelopmentIndustrialTexas

Patrinely, Realterm Break Ground on 439,000 SF Spec Industrial Project in South Austin

by Taylor Williams

AUSTIN, TEXAS — A partnership between two development and investment firms, Houston-based Patrinely and Annapolis-based Realterm, has broken ground on Airfield 130, a 439,000-square-foot speculative industrial project in Austin. The development will consist of four buildings ranging in size from 75,000 to 150,000 square feet on a 34.5-acre site on the city’s south side. Each building at Airfield 130 will feature 32-foot clear heights and 190-foot truck court depths, and the project will have a total of 129 dock-high doors. Catamount Constructors is the general contractor for the project, which is slated for an early 2025 delivery. KBC Advisors has been appointed as the leasing agent.

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AcquisitionsIndustrialTexas

Partners Real Estate Brokers Sale of 10,125 SF Industrial Building in Pharr, Texas

by Taylor Williams

PHARR, TEXAS — Partners Real Estate has brokered the sale of a 10,125-square-foot industrial building in the Rio Grande Valley city of Pharr. The property at 3329 S. Jackson Road was built in 1973, according to LoopNet Inc. Gustavo Torres and Carlos Marquez of Partners represented the seller, Texas-based construction firm Alamo Systems Industries, in the transaction. The buyer and sales price were not disclosed.

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DevelopmentIndustrialKansasMidwest

Contegra Construction Completes 1 MSF Distribution Center in Edgerton, Kansas

by Kristin Harlow

EDGERTON, KAN. — Contegra Construction Co. has completed its second large distribution center on behalf of NorthPoint Development at the 3,000-acre Logistics Park Kansas City (LPKC) in Edgerton. Named Inland Port 9, the 1 million-square-foot facility features a clear height of 40 feet, 100 dock doors, four drive-through doors, 479 car parking spaces and 352 trailer parking spaces. Contegra previously built an 850,000-square-foot distribution center at LPKC. The industrial park currently boasts more than 14.4 million square feet with the capacity for 30 million square feet. LPKC is anchored by BNSF Railway’s intermodal facility.

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IllinoisIndustrialLeasing ActivityMidwestNAI

NAI Hiffman Negotiates 330,694 SF Industrial Lease for NORKOL in Montgomery, Illinois

by Kristin Harlow

MONTGOMERY, ILL. — NAI Hiffman has negotiated a 330,694-square-foot industrial lease on behalf of NORKOL Converting Corp. at CenterPoint 88 Industrial Center in Montgomery, a western suburb of Chicago. NORKOL, a family-owned paper and packaging provider, signed a long-term lease agreement and will relocate from its Northlake headquarters this spring. Originally built in 1960 and renovated in 2000, the property is served by the BNSF Railway and is located less than five miles from I-88. NORKOL plans to make significant upgrades to the facility, including improvements to the truck courts, sprinkler system, power capacity and lighting. Dan Leahy of NAI Hiffman represented the tenant and provided site selection services. Rick Daly and George Cibula of DarwinPW Realty/CORFAC International represented the landlord, CenterPoint Properties.

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AcquisitionsIllinoisIndustrialMidwest

Cresa, Glenwood Arrange Sale of 163,309 SF Kuriyama of America Headquarters Building in Suburban Chicago

by Kristin Harlow

SCHAUMBURG, ILL. — Cresa has arranged the sale of a 163,309-square-foot industrial building in Schaumburg that serves as the headquarters of Kuriyama of America Inc., a manufacturer of thermoplastic hose and accessories. The sales price was undisclosed. The property sits on 11.5 acres at 360 E. State Parkway. The building features a clear height of 34 feet, 15 exterior docks, parking for 134 cars and 32,000 square feet of office space. Ed Lowenbaum of Cresa and Jason Talanian of Glenwood Real Estate represented Kuriyama in the sale. Tom Gath and Kevin Murphy of Newmark represented the buyer, DN Solutions, a machine tool company that will use the facility for its corporate headquarters and showroom.

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AcquisitionsIndustrialNew HampshireNortheast

Newmark Negotiates $39.7M Sale-Leaseback of Industrial Facility in Londonderry, New Hampshire

by Taylor Williams

LONDONDERRY, N.H. — Newmark has negotiated the $39.7 million sale-leaseback of a 224,780-square-foot industrial facility in Londonderry, located outside of Manchester near the New Hampshire-Massachusetts border. The facility was constructed on 17 acres in 2018 for digital printing company EFI and includes both manufacturing and research and development space. Richard Ruggiero and Brian Pinch of Newmark represented EFI in the transaction. The duo also procured the buyer, regional investment firm R.J. Kelly. Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell and William Sleeper of Newmark provided additional support on the transaction.

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IndustrialLeasing ActivityMassachusettsNortheast

Axcelis Technologies Signs 95,800 SF Industrial Lease in Beverly, Massachusetts

by Taylor Williams

BEVERLY, MASS. — Axcelis Technologies, which supplies manufacturing equipment for the semiconductor business, has signed a 95,800-square-foot industrial lease in Beverly, a northern suburb of Boston. Axcelis will use the entirety of the building at 105 Sam Fonzo Drive for order fulfillment and distribution purposes. Richard Ruggiero, Matt Adams, Torin Taylor and Rory Walsh of Newmark represented the tenant in the lease negotiations. The representative of the landlord, a Massachusetts-based limited liability company, was not disclosed.

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IndustrialLeasing ActivityNortheastPennsylvania

Zimmel Associates Negotiates 70,000 SF Industrial Lease in Bethlehem, Pennsylvania

by Taylor Williams

BETHLEHEM, PA. — Regional brokerage firm Zimmel Associates has negotiated a 70,000-square-foot industrial lease in the Lehigh Valley city of Bethlehem. The 120,000-square-foot building at 2500 Emrick Blvd. was constructed in 2017 and features a clear height of 32 feet and 3,500 square feet of office space. David Zimmel of Zimmel Associates represented the tenant, Romeo & Layla Warehousing, in the negotiations for the seven-year lease. Locally based developer J.G. Petrucci Co. owns the building.

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AcquisitionsCaliforniaIndustrialOfficeWestern

Sorrento Seven Sells Mixed-Use Sorrento View Business Park in San Diego for $45M

by Amy Works

SAN DIEGO — Sorrento Seven LLC has completed the disposition of Sorrento View Business Park, a multi-tenant, mixed-use flex business park in San Diego’s Sorrento Mesa neighborhood. A private buyer acquired the asset for $45 million. Totaling 139,340 square feet, the seven-building park is located at 5945-5965 Pacific Center Blvd., 10151-10211 Pacific Mesa Blvd. and 5940 Pacific Mesa Court. Evan McDonald of Colliers represented the seller, while the buyer was self-represented in the deal.

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14313-14351-E-Bonelli-St-City-of-Industry-CA.jpg
AcquisitionsCaliforniaIndustrialWestern

West Harbor Capital Purchases Multi-Tenant Distribution Warehouse in City of Industry, California

by Amy Works

CITY OF INDUSTRY, CALIF. — West Harbor Capital has acquired a distribution facility, located at 14313-14351 E. Bonelli St. in the Los Angeles suburb of City of Industry. Earl M. Hill Limited Partnership sold the asset for $16.5 million. The property features 69,498 square feet of multi-tenant distribution space. The property was acquired with a 28,240-square-foot vacant and 41,258 square feet leased to two logistics tenants. Steffan Morris and Eric Parkhurst of Lee & Associates represented West Harbor Capital, while Kent Stalwick of CBRE represented the seller in the transaction.

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