Industrial

Dalfen Industrial Breaks Ground on 575,000 SF Spec Project in Frisco

by Taylor Williams June 9, 2023

FRISCO, TEXAS — Locally based developer Dalfen Industrial has broken ground on Frisco Trade Center, a three-building, 575,000-square-foot speculative project that will be located on the northern outskirts of Dallas. Building 1 will span 262,354 square feet and feature 185-foot truck court depths, 36-foot clear heights, 51 dock-high doors and two drive-in doors. Buildings 2 and 3 will both total 159,451 square feet and offer 32-foot clear heights, 36 dock-high doors and two drive-in doors each. All three buildings have rear-load configurations and onsite trailer parking. JLL is marketing the development for lease. Completion is slated for the fourth quarter.

June 9, 2023

Development Industrial Texas

HLCI Delivers 132,710 SF Industrial Project in McKinney, Texas

by Taylor Williams June 9, 2023

MCKINNEY, TEXAS — Holt Lunsford Commercial Investments has delivered McKinney Airport Commerce Center, a 132,710 square-foot rear-load industrial building in metro Dallas. The project offers 32-foot clear heights, 135-foot truck court depths and ample parking for cars and trailers. The project was delivered fully preleased to two tenants.

June 9, 2023

California Industrial Leasing Activity Western

ResMed Motor Technologies Signs 128,700 SF Industrial Lease in Calabasas, California

by Jeff Shaw June 9, 2023

CALABASAS, CALIF. — Medical equipment manufacturer ResMed Motor Technologies has signed a 128,700-square-foot lease for an R&D industrial building in Calabasas. The facility is located at 26801 Agoura Road. The company will relocate from nearby Chatsworth as it was seeking to expand into a larger facility with additional parking. RedMed also sought a location that was close to the labor market in the Conejo Valley area to take advantage of the highly skilled engineering talent in the area. The relocation is slated for early 2024. Mike Tingus and Grant Fulkerson of Lee & Associates – LA North/Ventura, represented the landlord, Cypress Land Co., while Cushman & Wakefield represented ResMed in the lease transaction.

June 9, 2023

Development Industrial Southeast Tennessee

Hollingsworth Breaks Ground on Three Industrial Buildings in Loudon, Tennessee Totaling 520,184 SF

by John Nelson June 8, 2023

LOUDON, TENN. — The Hollingsworth Cos. has broken ground on three industrial buildings within Huntington Industrial Park in Loudon, approximately 35 miles southwest of Knoxville. Two of the facilities were started as speculative projects and the third as a build-to-suit property for an undisclosed tenant. The assets span 130,424 square feet, 195,360 square feet and 194,400 square feet. Situated along I-40 and I-75, Huntington Industrial Park includes two additional sites available for build-to-suit developments spanning from 130,000 to 400,000 square feet.

June 8, 2023

Acquisitions Illinois Industrial Midwest

Conor Commercial Sells 151,677 SF Executive Commerce Center in Prospect Heights, Illinois

by Kristin Harlow June 8, 2023

PROSPECT HEIGHTS, ILL. — Conor Commercial Real Estate, with its partner Globe Corp., has sold Executive Commerce Center in Prospect Heights, a northwest suburb of Chicago. The sales price was undisclosed. The 151,677-square-foot industrial building was developed in 2020 and fully leased in 2021. Syncreon, a third-party logistics provider for Samsung, leased the west half of the building for warehouse and distribution space. Plitek, a local manufacturer of precision die cut components and converted materials, leased the east half for its company headquarters and manufacturing facility. The building features a clear height of 32 feet, 35 truck docks, two drive-in doors and a 60-foot speed bay. Ed Halaburt and John Huguenard of JLL represented Conor, while Mike Sedjo, Jack Brennan and Ben Dickey of CBRE served as Conor’s leasing brokers. McShane Construction Co. and Ware Malcomb made up the design-build team. Wintrust provided construction financing.

June 8, 2023

California Development Industrial Self-Storage Western

Byline Bank Provides $13.6M Construction Loan for Self-Storage Property in Los Angeles

by Jeff Shaw June 8, 2023

LOS ANGELES — Byline Bank’s commercial real estate team has provided a $13.6 million construction loan to Madison Capital Group for a new self-storage property in the Los Angeles submarket of Paramount. The infill project will total 845 units, including 841 temperature-controlled units and four non-temperature-controlled units. Madison Capital Partners’ self-storage brand Go Store It will manage the property. Madison will demolish an existing and obsolete industrial property on the site to make way for the self-storage facility. Joanne Campanile, Sam Duros and Ana Garcia of Byline Bank managed the loan transaction on behalf of the borrower, working directly with Eric Lentz of Madison Capital Group Holdings. The Talonvest Capital Team of Eric Snyder, Kim Bishop and Ivan Viramontes brokered the deal.

June 8, 2023

Arizona Industrial Leasing Activity Western

Axle on Demand Leases 126,075 SF Industrial Space at Echo Park 303 in Glendale, Arizona

by Jeff Shaw June 8, 2023

GLENDALE, ARIZ. — Axle on Demand has signed a 126,075-square-foot pre-lease at Echo Park 303, a 676,336-square-foot industrial development in Glendale. The renter is the property’s first tenant. The transaction represents Axle on Demand’s sixth metro Phoenix location. It will fill more than half of Echo Park 303’s Building A almost four months before the Class A industrial project is scheduled for completion. Axle on Demand will use the space for third-party logistics services spanning warehousing, fulfilment and IT operations. Echo Real Estate Capital is developing the project. Anthony Lydon, John Lydon and Kelly Royle of JLL represented Echo Real Estate Capital in the pre-lease transaction. John Grady with CBRE represented Axle on Demand.

June 8, 2023

Acquisitions Industrial Texas

Fort Capital Acquires 178,835 SF Industrial Property in Farmers Branch, Texas

by Taylor Williams June 8, 2023

FARMERS BRANCH, TEXAS — Fort Worth-based investment firm Fort Capital has acquired Spring Valley Tech Center, an industrial property that comprises nine buildings totaling 178,835 square feet in the northern Dallas metro of Farmers Branch. At the time of sale, the portfolio was 92 percent leased to 40 tenants in sectors such as retail, healthcare, technology, distribution and home services. The seller and sales price were not disclosed.

June 8, 2023

Industrial Leasing Activity Texas

Daikin Applied Renews 13,000 SF Industrial Lease at Las Colinas Distribution Center in Irving

by Taylor Williams June 8, 2023

IRVING, TEXAS — Daikin Applied, a provider of commercial HVAC systems and services, has renewed its lease for 13,000 square feet of industrial space at Las Colinas Distribution Center in Irving. Brian Pafford of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as Las Colinas AAA Investment LLC, in the lease negotiations. Michael Paine of Cushman & Wakefield represented the tenant.

June 8, 2023

Acquisitions California Industrial Office Western

Diamond Realty Holdings Buys Flex Property in El Segundo, California for $6M

by Jeff Shaw June 7, 2023

EL SEGUNDO, CALIF. — Diamond Realty Holdings has purchased an industrial flex/office building in El Segundo for $6 million. The property is located at the intersection of Lairport Street and East Mariposa Avenue. A long-term tenant currently occupies 2,400 square feet of the main, 14,400-square-foot structure. The remaining 12,000 square feet is available for lease and fully divisible. The new ownership plans to complete interior and exterior renovations to improve the façade and access to the site, as well as create open flex industrial space that can accommodate a variety of uses. CBRE’s Bob Healey, John Lane, Richard Melbye and Jane Healey represented both the buyer and the undisclosed seller in the transaction.

June 7, 2023

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