Industrial

Cohen Asset Management Buys Falcon Park 303 Industrial Asset in Glendale, California for $81.7M

by Jeff Shaw May 26, 2023

GLENDALE, ARIZ. — An affiliate of Cohen Asset Management has purchased Phase I of Falcon Park 303 in Glendale for $81.7 million. The 599,486-square-foot, Class A industrial building was built on a speculative basis in 2022 and is fully leased. It is part of a larger industrial campus totaling 925,504 square feet. The property is located at 15132 West Camelback Road. Will Strong, Kirk Kuller, Micki Strain and Molly Hunt with Cushman & Wakefield’s National Industrial Advisory Group – Mountain West team represented the seller, USCD.

May 26, 2023

Development Illinois Industrial Midwest

Seefried Properties, Edged Energy Begin Development of Data Center Campus in Aurora, Illinois

by Kristin Harlow May 26, 2023

AURORA, ILL. — Seefried Industrial Properties and Endeavour’s Edged Energy division have broken ground on a three-building data center campus in Aurora. Located on a four-way interchange at I-88 and Eola Road, the 65-acre project will be constructed in phases. The first building is slated for completion in June 2024. The project will feature sustainable initiatives such as advanced waterless cooling technology, electric vehicle charging and onsite solar panels. ComEd, the electrical company serving northern Illinois, is providing the infrastructure needed to power the new campus from its nearby regional substation. Seefried and Edged Energy also intend to add a new substation on site to support future phases of development. FCL Builders is the general contractor, Ware Malcomb is the architect and Kimley-Horn is the civil engineer. Paul Roeser and Ryan O’Leary of KBC Advisors represented Edged Energy on the transaction, while Jim DeRose and Michele Keller of DuPage Property Venture represented the land seller.

May 26, 2023

Colorado Development Industrial Western

LaPour Partners to Build 359,800 SF Industrial Park in Broomfield, Colorado

by Jeff Shaw May 26, 2023

BROOMFIELD, COLO. — LaPour Partners has received governmental approval to build Arista 36, a 359,800-square-foot, Class A industrial park in Broomfield. The company plans to break ground in September for delivery in early 2025. The three-building project is situated on a nearly 30-acre site in the northwest section of the city. It will feature 48 electric vehicle charging stations; two tenant community gathering spaces with shade elements and plenty of seating; walking and bike trail tie-ins; and enclosed bike racks for bike-to-work capability. Stream Realty Partners’ Tyler Reed, Peter Beugg, Dominic DiOrio and Buzz Miller will handle leasing at the property.

May 26, 2023

Development Industrial Midwest Missouri

McCarthy Breaks Ground on USDA Food Safety, Inspection Service Lab in Normandy, Missouri

by Kristin Harlow May 26, 2023

NORMANDY, MO. — McCarthy Building Cos. has broken ground on the new home of the USDA’s Food Safety and Inspection Service Midwestern Laboratory in Normandy, a northwest suburb of St. Louis. The state-of-the-art, 83,000-square-foot facility will support science and technology to address present and future public health challenges. The project will consist of two loading docks for shipping and receiving, a large warehouse for field operations storage, a processing center, microbiology labs, chemistry labs and administrative offices. The General Services Administration signed a lease with US Federal Properties for a term of 20 years and a total contract value of $115.5 million. Site and civil work are expected to be completed in the fall, with building construction occurring in 2024 and 2025. Hoefer Welker is the designer. The Food Safety and Inspection Service’s roughly 60 employees at its St. Louis-based laboratory are expected to move to the new facility in mid-2025.

May 26, 2023

Development Industrial Texas

Brasfield & Gorrie Tops Out 438,000 SF Industrial Project for Raytheon in McKinney, Texas

by Taylor Williams May 25, 2023

MCKINNEY, TEXAS — General contractor Brasfield & Gorrie has topped out a 438,000-square-foot industrial building in the northern Dallas suburb of McKinney that is a build-to-suit for defense contractor Raytheon. The seven-story facility will include 259,200 square feet of manufacturing space and 43,200 square feet of office space, as well as lab space. Corgan is the project architect, and KDC is the developer. Construction is scheduled for a first-quarter 2024 completion.

May 25, 2023

Industrial Leasing Activity Texas

Network Cabling Services Signs 9,573 SF Industrial Lease in Carrollton, Texas

by Taylor Williams May 25, 2023

CARROLLTON, TEXAS — Houston-based Network Cabling Services has signed a 9,573-square-foot industrial lease in the northern Dallas metro of Carrollton. The company will occupy space at Building 2 at Counter Point at Valwood, a two-building, 97,943-square-foot development. Brian Pafford of Bradford Commercial Real Estate Services represented the landlord, an affiliate of Hay & Jones Inc., in the lease negotiations. Lee Owen of Compass Real Estate represented the tenant. Counter Point at Valwood is now 90 percent leased.

May 25, 2023

California Development Industrial Western

Hendy Completes Mercedes-Benz Restoration Facility in Long Beach, California

by Jeff Shaw May 25, 2023

LONG BEACH, CALIF. — Hendy has completed design work on the Mercedes-Benz Classic Center in Long Beach. The facility features 41,500 square feet of workspace, 20,000 square feet of vehicle storage, auto restoration and maintenance areas, a showroom, processing bay and retail area. The hangar-sized building was formerly an aircraft production site for aeronautic firm McDonnell Douglas, which merged with Boeing, a leading supplier of passenger aircraft. This is the world’s second Mercedes-Benz Classic Center.

May 25, 2023

Acquisitions California Industrial Western

GID Buys 95,000 SF Warehouse in Redlands, California

by Jeff Shaw May 25, 2023

REDLANDS, CALIF. — GID has purchased a multi-tenant industrial warehouse in Redlands. The 95,500-square-foot, Class A building includes 12 docks with three drive-ins and 30-foot clear heights. It is fully leased to two tenants. This is GID’s second industrial acquisition in Southern California. The company recently acquired a three-building industrial park in the East San Gabriel Valley.

May 25, 2023

Colorado Industrial Leasing Activity Western

MTM Transit Leases 22,689 SF Industrial Outdoor Storage Facility in Denver

by Jeff Shaw May 25, 2023

DENVER — MTM Transit has leased an industrial outdoor storage (IOS) property in Denver. It is located at 280 West 62nd Ave. The 22,689-square-foot space features outdoor storage that could suitably accommodate a 100-passenger van fleet. It is situated near strong population bases and offers access to Denver’s major freeways. Mike Viehmann represented MTM in the lease transaction.

May 25, 2023

Industrial Leasing Activity Northeast Pennsylvania

Exceler Building Solutions Opens 180,000 SF Manufacturing Plant in Hazleton, Pennsylvania

by Taylor Williams May 25, 2023

HAZLETON, PA. — Exceler Building Solutions, a provider of wall panels for the construction industry, has opened a 180,000-square-foot manufacturing plant in Hazleton, located roughly midway between Scranton and Allentown. The single-story, climate-controlled facility features a clear height of 40 feet, two loading docks, six drive-in docks and 10 production lines. The development team estimates that the project will add about 100 new jobs to the local economy.

May 25, 2023

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