Industrial

Dalfen Industrial Buys 137,266 SF Olympic Logistics Center in Tukwila, Washington

by Amy Works August 4, 2022

TUKWILA, WASH. — Dalfen Industrial has purchased Olympic Logistics Center, an industrial property in Tukwila, a suburb of Seattle. Terms of the off-market transaction were not released. Rainier Industries fully occupies the 137,266-square-foot facility. The property is near interstates 5 and 405 and State Route 176 and offers access to Seattle-Tacoma International Airport, Port of Seattle and Port of Tacoma. The acquisition brings Dalfen’s metro Seattle footprint to approximately 850,000 square feet.

August 4, 2022

Acquisitions Industrial Washington Western

Dalfen Industrial Buys 137,266 SF Olympic Logistics Center in Tukwila, Washington

by Amy Works August 4, 2022

TUKWILA, WASH. — Dalfen Industrial has purchased Olympic Logistics Center, an industrial property in Tukwila, a suburb of Seattle. Terms of the off-market transaction were not released. Rainier Industries fully occupies the 137,266-square-foot facility. The property is in close proximity to interstates 5 and 405 and State Route 176 and offers access to Seattle-Tacoma International Airport, Port of Seattle and Port of Tacoma. The acquisition brings Dalfen’s Seattle footprint to approximately 850,000 square feet.

August 4, 2022

Acquisitions Industrial Oregon Western

Clarion Partners Divests of 590,770 SF Marine Drive Distribution Center in Portland

by Amy Works August 4, 2022

PORTLAND, ORE. — Clarion Partners has sold Marine Drive Distribution Center, a four-building industrial facility located at 6308-6310 and 6204-6210 N. Marine Drive and 7409-7433 and 7507-7517 N. Leadbetter Road in Portland’s Rivergate submarket. LBA Logistics acquired the asset for an undisclosed price. Totaling 590,770 square feet, Marine Drive Distribution Center features one single-tenant and three multi-tenant institutionally managed distribution warehouses. The buildings feature ESFR sprinklers, 24-foot to 26-foot clear heights, and 114 dock-high, 12 grade-level and 28 rail-served doors, as well as ample parking. At the time of sale, the buildings were fully triple net leased to seven tenants. Mark Detmer, Buzz Ellis and Ryan Sitov of JLL Capital Markets represented the seller. Tyler Sheils of JLL Leasing team is handling leasing of the property.

August 4, 2022

Industrial Leasing Activity Texas

Inmatics US Signs 100,153 SF Industrial Lease in Weatherford, Texas

by Taylor Williams August 3, 2022

WEATHERFORD, TEXAS — Houston-based biotechnology firm Inmatics U.S. has signed a 100,053-square-foot industrial lease at Weatherford Farms Business Park, a 34-acre development located on the western outskirts of Fort Worth. The three-building complex, which was completed last September, is now fully leased. Scott Visin of Cushman & Wakefield represented the tenant in the lease negotiations. Barkley Peschel, Walter Menuet and Jason Scholtz of Colliers represented the landlord, Crow Holdings Industrial, in conjunction with internal agents Cory Driskill and Emily Walker.

August 3, 2022

Acquisitions Illinois Industrial Midwest Self-Storage

Westport Properties Acquires Two Self-Storage Facilities in Chicagoland

by Kristin Harlow August 3, 2022

CHICAGO AND WILMETTE, ILL. — Westport Properties has acquired two self-storage facilities in Chicagoland for an undisclosed price. The first property, located at 1516 N. Orleans Ave. in Chicago, totals 885 units and features wine storage, climate-controlled units, electronic gated access and 24-hour surveillance. The second asset, a 378-unit facility located at 3510 Wilmette Ave. in Wilmette, features RV and boat parking, climate-controlled units, electronic gated access and 24-hour surveillance. Westport will rebrand the properties under the US Storage Centers brand. The facilities mark Westport’s first two properties in Illinois. MJ Partners Self Storage Group represented the undisclosed seller.

August 3, 2022

Acquisitions Illinois Industrial Midwest

Clear Height Properties, Harbert Purchase 49,954 SF Industrial Building in Naperville, Illinois

by Kristin Harlow August 3, 2022

NAPERVILLE, ILL. — A joint venture between Clear Height Properties and Harbert US Real Estate, an investment fund sponsored by Harbert Management Corp., has purchased a 49,954-square-foot industrial building in the Chicago suburb of Naperville. The property, located at 2244 Corporate Lane, is fully occupied by two tenants. The building features a clear height of 20 feet and 10 drive-in doors. Adam Johnson and Tom Gnadt of NAI Hiffman represented the buyers. The seller and sales price were undisclosed.

August 3, 2022

Illinois Industrial Leasing Activity Midwest

New Tenants Sign Leases Totaling 32,101 SF at Industrial Property in Schaumburg, Illinois

by Kristin Harlow August 3, 2022

SCHAUMBURG, ILL. — SparrowHawk has negotiated new leases with tenants totaling 32,101 square feet at its industrial property located along National Parkway in Schaumburg. The 147,752-square-foot property is now 95.5 percent leased with one remaining space available for immediate occupancy. Italy-based TECH.PA signed a lease for 9,094 square feet for its first industrial showroom and warehouse space in Chicago and the U.S. The company, which specializes in the field of industrial automation and robotics, will take occupancy this month. Kelly Joyce of Colliers represented SparrowHawk in the lease and serves as the leasing agent for the property. John Hunter of John Hunter Services represented the tenant. Adaptive Adventures leased and moved into 3,355 square feet of space. The nonprofit organization provides outdoor sports opportunities to improve the quality of life for children, adults and veterans with physical disabilities. Jarvis Lighting renewed and expanded its lease to 19,652 square feet. The commercial lighting manufacturer and distributor previously occupied 10,552 square feet.

August 3, 2022