Industrial

BFS Services Signs 126,100 SF Industrial Lease Extension Near Fort Worth

by Taylor Williams August 24, 2020

FLOWER MOUND, TEXAS — Logistics firm BFS Services Inc. has signed a 126,100-square-foot industrial lease extension at Lakeside Trade Center in the Fort Worth metro of Flower Mound. According to LoopNet Inc., the property was built in 2003, renovated in 2005 and totals 462,200 square feet. Building features include 30-foot clear heights and 148-foot truck court depths. Jeremy Kelly and Sarah Ozanne of Stream Realty Partners represented the landlord, New York-based Clarion Partners, in the lease negotiations. Lee & Associates represented the tenant.

August 24, 2020

Industrial Leasing Activity Texas

Rowe Casa Organics Leases 4,700 SF of Industrial Space at TexAmericas Center in Texarkana

by Taylor Williams August 24, 2020

TEXARKANA, TEXAS — Rowe Casa Organics, a provider of household and personal products made from organic materials, has leased 4,700 square feet of industrial space at TexAmericas Center in Texarkana. The company is effectively tripling its space at a newly renovated building. TexAmericas Center is an owner-operator of 12,000 developable acres and 3 million square feet of commercial space that serves Texas, Louisiana, Oklahoma and Arkansas.

August 24, 2020

Industrial Market Reports Southeast Southeast Market Reports Tennessee

Leasing, Development Thrive for Memphis Industrial Market While Sales Slow

by Alex Tostado August 24, 2020

The Memphis industrial market was off to another record-setting year for the third straight time. Then, the Mike Tyson punch no one could have ever expected came: the shutdown of the entire country. Even after sheltering in place for months and nonessential businesses out of the office until further notice, our industrial market is holding firm. The Memphis industrial market holds over 285 million square feet of useable space and offers the basic tenets for distribution. Memphis International Airport is the second largest cargo airport in the world. Additionally, Memphis is home to 400 trucking companies; it is the third-busiest trucking corridor (Interstate 40 spans from East Coast to California); it is one of only four cities to be served by five long-haul Class 1 rail systems; it has the fourth largest inland port in the country; and it has the second largest stillwater port. Memphis is also home to the FedEx worldwide hub and also houses UPS and US Postal Service hubs. All these companies operate 24 hours per day, 365 days per year. Because of this, Memphis provides the most cost-effective distribution and logistics operations in the country. And in the midst of a worldwide pandemic and shelter-in-place …

August 24, 2020

Acquisitions Florida Industrial Self-Storage Southeast

Marcus & Millichap Arranges Sale of 713-Unit Self-Storage Facility in Tampa

by Alex Tostado August 21, 2020

TAMPA, FLA. — Marcus & Millichap has arranged the sale of an Extra Space Storage facility in Tampa. The 713-unit, 83,270-square-foot property is situated at 9343 E. Fowler Ave., 13 miles northeast of downtown Tampa. The facility sits on six acres and features a covered loading bay, 24-hour surveillance and four concrete buildings. Charles LeClaire and Adam Schlosser of Marcus & Millichap represented the seller, a joint venture between Florida-based Flagship Cos. Group and Chicago-based Blue Vista Capital Management, in the transaction. Current property manager Extra Space Storage, a self-storage REIT based in Utah, acquired the property for an undisclosed amount.

August 21, 2020

Acquisitions Industrial NAI New Jersey Northeast

NAI Hanson Brokers Sale-Leaseback of 8.2-Acre Industrial Property in Elizabeth, New Jersey

by Taylor Williams August 21, 2020

ELIZABETH, N.J. — NAI Hanson has brokered the sale-leaseback of an 8.2-acre industrial property at 349-369 First St. in Elizabeth, located just south of Newark. The site is located approximately one mile from the Port of New York/New Jersey and three miles from Newark Liberty International Airport. Christopher Todd and Scott Perkins of NAI Hanson represented the buyer, Illinois-based CenterPoint Properties, in the transaction. Marc Imrem, J.D. DeRosa and Colby Moore of Transwestern represented the undisclosed seller.

August 21, 2020

Industrial Loans Midwest Ohio

Emerald Creek Capital Provides $2.8M Acquisition Loan for Amazon Distribution Center in Ohio

by Amy Works August 21, 2020

AKRON, OHIO — Emerald Creek Capital has provided a $2.8 million acquisition loan for an undisclosed borrower. The loan is secured by a 45,540-square-foot warehouse in Akron. Situated on a seven-acre site with 277 parking spaces, the climate-controlled property features 21-foot clear heights, eight grade-level doors and two drive-in doors. Amazon occupies the warehouse and will use it in conjunction with the company’s new 2.7 million-square-foot fulfillment center that is currently under construction in southwest Akron. Matt Fantuzzi of Emerald Creek Capital originated the financing.

August 21, 2020

Development Georgia Industrial Southeast

Zinus USA to Invest $108M in Manufacturing Facility in Metro Atlanta

by Alex Tostado August 20, 2020

MCDONOUGH, GA. — Zinus USA Inc. will invest $108 million in a new manufacturing and distribution facility in McDonough. The home furnishings company expects to create 804 full-time jobs at the property, which is expected to open in the first half of 2021. This marks the first manufacturing facility in North America for the South Korean-based company. Its other manufacturing facilities are located in China and Indonesia. According to multiple media reports, the building will be located at 830 Ga. Highway 42, the former site of the Toys “R” Us distribution center. The property is 27 miles southeast of Hartsfield-Jackson Atlanta International Airport and two miles from Interstate 75. Zinus worked with Yoonie Kim, the Georgia Department of Economic Development’s director of Korean investments, on the investment. Other civic partners include the Henry County Development Authority, Georgia Quick Start and Georgia EMC.

August 20, 2020

Development Industrial Louisiana Self-Storage Southeast

Brookwood Properties Opens 920-Unit Self-Storage Facility Near New Orleans

by Alex Tostado August 20, 2020

SLIDELL, LA. — Baton Rouge, La.-based Brookwood Properties has opened a 920-unit self-storage facility in Slidell. Life Storage Inc., a self-storage REIT based in Buffalo, N.Y., will manage the 118,340-square-foot property. The asset is situated at 1540 Lindberg Drive, 32 miles northeast of downtown New Orleans. The new Life Storage property will be open seven days per week and offers contactless rentals via its RentNow platform 24 hours per day.

August 20, 2020

Acquisitions Industrial Midwest Minnesota Net Lease Retail

Upland Real Estate Group Brokers $4.7M Sale of Caliber Collision-Occupied Property in Minnesota

by Amy Works August 20, 2020

COON RAPIDS, MINN. — Upland Real Estate Group has arranged the $4.7 million sale of an investment property net leased to Caliber Collision in Coon Rapids. The names of the seller and buyer were not released. Caliber Collision has operated at this location in the suburbs of Minneapolis for 20 years and recently signed a new 15-year, triple-net lease with rent increases every 5 years. The property’s lease has a corporate guarantee by WAND NEWCO 3, which operates more than 1,100 stores in 37 states and the District of Columbia. Deb Vannelli, Keith Sturm and Amanda Leathers of Upland Real Estate Group represented the seller in the deal.

August 20, 2020

10-50-Charles-Street-Westwood-New-Jersey

Industrial Leasing Activity New Jersey Northeast

CBRE Negotiates Two Industrial Leases Totaling 67,137 SF in Westwood, New Jersey

by Taylor Williams August 20, 2020

WESTWOOD, N.J. — CBRE has negotiated two industrial leases totaling 67,137 square feet at a 120,000-square-foot industrial facility located at 10-50 Charles St. in Westwood, about 30 miles northwest of New York City. Mavi Jeans signed a lease to occupy 42,507 square feet, and print technology firm Digital Lizard inked a deal for 24,630 square feet. Kevin Dudley, Bill Waxman, Nick Klacik and Elli Klapper of CBRE represented the landlord, Treetop Development, in the lease negotiations. Treetop acquired the property, which features 14- to 22-foot clear heights, 127 car parking spaces and 10,000 square feet of office space, in November 2019.

August 20, 2020

Newer Posts

Older Posts