Industrial

Cushman & Wakefield Negotiates $32M Sale of New Industrial Facility in Metro Charlotte

by John Nelson December 22, 2022

HUNTERSVILLE, N.C. — Cushman & Wakefield has negotiated the $32 million sale of a newly built, 159,492-square-foot industrial facility within Park at Huntersville, an industrial park in metro Charlotte. Rob Cochran, Nolan Ashton, Bill Harrison and Josh McGee of Cushman & Wakefield represented the seller, a joint venture between Edgewater Ventures and an institutional equity partner, in the transaction. The buyer was an undisclosed private investor. Located at 13359 Reese Blvd. in Huntersville, the facility was built on a speculative basis but was fully preleased at the time of sale to Safeguard Medical, a global provider of emergency medical products, technologies and skills training programs used by first responders and military personnel. The facility serves as Safeguard Medical’s global headquarters and houses the firm’s manufacturing, logistics and front office operations. The property features 30-foot clear heights, 49 potential dock-high positions, 28 trailer parking spaces, 155 auto parking spaces and a 130- to 200-foot truck court.

December 22, 2022

Acquisitions Industrial Nevada Western

Sierra Nevada Media Group Sells Industrial Building in Carson City, Nevada for $11.3M

by Amy Works December 22, 2022

CARSON CITY, NEV. — Sierra Nevada Media Group has completed the sale of 580 Mallory Way, an industrial property in Carson City. Greenlaw Partners acquired the asset for $11.3 million. The buyer plans to lease the 90,056-square-foot asset to Bruce Aerospace. Currently located in Dayton, Nev., the producer of aircraft interior lighting systems plans to occupy the property in 2023 after completing modifications. The building formerly served as corporate offices for the Sierra Nevada Media Group, dba Questor Corp., which is a media provider in destination communities around the west. The building features corporate offices, as well as a modern printing press that was disassembled and sold as part of the seller’s disposition process. The building offers more than 54,000 square feet of production area and 35,000 square feet of office space. Nick Knecht, Joel Fountain, Baker Krukow and Tom Fennell of DCG represented the seller in the transaction.

December 22, 2022

Acquisitions Industrial Self-Storage Texas

Versal Arranges Sale of 531-Unit Self-Storage Portfolio in Fort Worth

by Taylor Williams December 21, 2022

FORT WORTH, TEXAS — Self-storage brokerage firm Versal has arranged the sale of a portfolio of two facilities totaling 531 units in Fort Worth. The portfolio spans 89,300 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller, an entity doing business as Plano Storage Station LP, in the transaction. The team also procured the buyer, an Austin-based family partnership.

December 21, 2022

Acquisitions Indiana Industrial Iowa Midwest Nebraska

Phoenix Investors Acquires Four Former Eaton Industrial Facilities Across Three States

by Kristin Harlow December 21, 2022

NEBRASKA, IOWA AND INDIANA — An affiliate of Phoenix Investors has acquired a four-property industrial property located in Nebraska, Iowa and Indiana for an undisclosed price. The facilities were formerly home to Eaton Corp., an intelligent power management company. A property at 300 E. 39th St. in Hastings, Neb., totals 107,940 square feet with two cranes, a clear height of 28 feet, parking for up to 150 vehicles and outdoor storage. Renovated in 2019, a property at 700 Luick’s Lane in Belmond, Iowa, spans 270,500 square feet with a clear height of 40 feet. The other two facilities are located in Auburn, Ind. One totals 345,000 square feet while the other spans 15,000 square feet. Adam Wolinetz of CBRE brokered the sale. Eaton was the seller.

December 21, 2022

Development Industrial Texas

Brennan Investment Group to Develop 216,004 SF Industrial Facility in South Houston

by Taylor Williams December 21, 2022

HOUSTON — Chicago-based Brennan Investment Group has acquired 12 acres at the intersection of Kirby Drive and North Spectrum Boulevard in South Houston for the development of a 216,004-square-foot industrial facility. The rear-load building will feature 36-foot clear heights, 175-foot truck court depths and an ESFR sprinkler system. Construction is scheduled to begin in early January and to be complete by the fourth quarter of 2023.

December 21, 2022

Acquisitions Industrial Michigan Midwest

Matthews Brokers $5.6M Sale of PepsiCo Distribution Center in Traverse City, Michigan

by Kristin Harlow December 21, 2022

TRAVERSE CITY, MICH. — Matthews Real Estate Investment Services has brokered the sale of a PepsiCo distribution center in Traverse City for $5.6 million. The build-to-suit property is located at 4248 Cherry Pepsi Way. Brett Davis and Alexander Harrold of Matthews represented the seller, a private investor. The California-based buyer completed a 1031 exchange. The facility spans 32,100 square feet and was built in 2018, according to LoopNet.

December 21, 2022

Harborview-Logistics-Center-Bayonne-New-Jersey

Industrial Leasing Activity New Jersey Northeast

JLL Negotiates 195,723 SF Industrial Lease for Home Depot in Bayonne, New Jersey

by Taylor Williams December 21, 2022

BAYONNE, N.J. — JLL has negotiated a 195,723-square-foot industrial lease for The Home Depot at Harborview Logistics Center in the Northern New Jersey community of Bayonne. The speculative building will be fully complete in January and features a clear height of 40 feet, 46 dock doors and parking for 149 cars and 32 trailers. HD Supply, an affiliate of the Atlanta-based home improvement retailer, will relocate to the facility in a move that represents an expansion from its current facility in nearby Secaucus. Joel Lubin and Gary Politi of JLL represented the landlord, Delta Equity Management, in the negotiations for the seven-year lease. Noah Balanoff of Colliers represented the tenant.

December 21, 2022

Logistics-Plus-Sarival-Logistics-Center-Glendale-AZ

Arizona Industrial Leasing Activity Western

Logistics Plus Signs 1.15 MSF Lease at Sarival Logistics Center in Glendale, Arizona

by Amy Works December 21, 2022

GLENDALE, ARIZ. — Logistics Plus, a worldwide provider of transportation, logistics and supply chain solutions, has signed a full-building lease at Building A of Sarival Logistics Center in Glendale. The 1.15 million-square-foot building was built on a speculative basis and is the first phase of a larger development, which can accommodate more than 2 million square feet of industrial space at full build out. Building A features 40-foot clear heights, 845 auto parking spaces, 409 trailer stalls, 218 dock doors, four drive-in doors, wide column spacing, ESFR sprinklers, 6,000 amps of heavy power and LED warehouse lighting. Andy Markham, Mike Haenel and Phil Haenel of Cushman & Wakefield represented the undisclosed landlord, while Jeremy Trotter of Foremost Commercial represented the tenant in the lease transaction.

December 21, 2022

Colorado Development Industrial Western

BH Developers Breaks Ground on 36,000 SF Airpark North Industrial Project in Northern Colorado

by Amy Works December 21, 2022

LOVELAND, COLO. — BH Developers, with Evergreen Industrial as general contractor, has broken ground on Airpark North, a freestanding industrial building located adjacent to the Fort Collins/Loveland Airport in Loveland. Situated on four acres, the building features 30,000 square feet of warehouse space and two 3,000-square-foot mezzanines. The property also features 21-foot clear heights, six loading doors, a 1.5-acre laydown yard behind the building and retention pond. Completion is slated for June 2023. Travis Ackerman of Cushman & Wakefield and Matt Haskell of URealty are handling marketing efforts for the project.

December 21, 2022

Acquisitions Industrial Texas

Cushman & Wakefield Arranges Sale of 759,889 SF Industrial Portfolio in Dallas-Fort Worth

by Taylor Williams December 20, 2022

DALLAS — Cushman & Wakefield has arranged the sale of a portfolio of seven industrial buildings totaling approximately 759,889 square feet in Dallas-Fort Worth. The properties are scattered throughout the metroplex in municipalities including Richardson, Lewisville, Irving, Farmers Branch, Coppell and Arlington. Jim Carpenter, Jud Clements, Robby Rieke, Taylor Starnes, Madeleine Supplee and Trevor Berry of Cushman & Wakefield represented the undisclosed seller in the transaction. New Jersey-based investment firm Faropoint acquired the portfolio, which was fully leased at the time of sale, for an undisclosed price.

December 20, 2022

Newer Posts

Older Posts