REBusinessOnline

UPS, Amazon to Lease Space at Visalia Industrial Park in Central California

VISALIA, CALIF. — The City of Visalia and the Visalia Economic Development Corp. have announced two new tenants at the Visalia Industrial Park currently under construction in Visalia. A 425,000-square-foot UPS hub is now complete and construction has begun on a 1.3 million-square-foot distribution center for Amazon.YS Industrial is also developing two 300,000-square-foot speculative facilities adjacent to Millipore Sigma and near VWR (Avantor). Additionally, current tenants — SORMA, …

California, Industrial, Leasing Activity, Western

Zilber Acquires 165,000 SF Industrial Building in Metro Milwaukee

PEWAUKEE, WIS. — Zilber Property Group has acquired a 165,000-square-foot industrial building in Pewaukee, located about 18 miles west of Milwaukee. The purchase price was undisclosed. The property is situated within a business park less than two miles north of I-94. It is currently vacant. Zilber plans to make various interior and exterior improvements to the building over the coming weeks. Scott Furmanski of CBRE represented the undisclosed seller. He will also market the property for lease …

Acquisitions, Illinois, Industrial, Midwest

ARCO/Murray Completes 937-Unit Self-Storage Facility in North Arlington

ARLINGTON, TEXAS — Dallas-based design/build firm ARCO/Murray has completed a North Arlington Self Storage, a 937-unit facility. Developed by Cogent Capital, the five-story property spans 100,665 gross square feet and includes an interior drive aisle, detached single-story units and a 900-square-foot sales office. Extra Space Storage will manage the property. ARCO/Murray provided complete design-build services including architectural, structural, MEP design, permitting and

Development, Industrial, Self-Storage, Texas

DXP Enterprises Signs 104,902 SF Industrial Lease Renewal in Dallas

DALLAS — DXP Enterprises, a distributor of repair and maintenance products for several industries, has signed a 104,902-square-foot industrial lease renewal at Building A of Pinnacle Industrial Center in Dallas. Jason Moser of Stream Realty Partners represented the tenant in the lease negotiations. NAI Robert Lynn represented the landlord, Pinnacle A

Industrial, Leasing Activity, Texas

Chesterfield, Stonemont Financial Sign Bicycle Manufacturer to 1.1 MSF Industrial Lease Near Port of Savannah

RINCON, GA. — Chesterfield and development partner Stonemont Financial have signed Pacific Cycle Inc. to a 1.1 million-square-foot industrial lease within Georgia International Trade Center in Rincon. Pacific Cycle is the parent company of bicycle brands including Schwinn, Mongoose and Kid Trax. The tenant fully occupies Building 2B of the property, which is situated at 2004 Trade Center Parkway, 16 miles from the Port of Savannah. Chesterfield and Stonemont recently delivered Phase I of …

Georgia, Industrial, Leasing Activity, Southeast

Exeter Property Group Buys Distribution Center in Newville, Pennsylvania, for $85M

NEWVILLE, PA. — Metro Philadelphia-based investment and development firm Exeter Property Group has purchased a 1.2 million-square-foot warehouse and distribution center located at 3419 Ritner Highway in Newville, located west of Harrisburg, for $85 million. The property is situated on 85.3 acres just off Interstate 81 and features a 60-foot loading bay, a 200-foot truck court, 249 automobile parking spaces and 243 trailer parking spaces. Gerry Blinebury, Gary Gabriel and Adam Campbell of …

Acquisitions, Industrial, Northeast, Pennsylvania

Kansas City Is Key Location for Warehousing, Distribution

By Ora Reynolds and Mike Bell, Hunt Midwest Kansas City industrial real estate is trending upward with no shortage of leasing activity. The city’s location in the heart of America, with 30 percent more interstate miles per capita running through it than any other city, offers efficiency and redundancy for global e-commerce and distribution operations. With over 270 million square feet of existing industrial space in both surface and underground business parks, ample land for new buildings, …

Industrial, Market Reports, Midwest, Midwest Market Reports, Missouri

Webinar: Las Vegas Industrial Outlook — How has the Pandemic Changed the Industrial Sector in Nevada?

The "Las Vegas Industrial Outlook — How has the Pandemic Changed the Industrial Sector in Nevada?" webinar, hosted by Shopping Center Business and Western Real Estate Business, covers how industrial experts are approaching investment sales, leasing and development within the Las Vegas industrial sector in the wake of COVID-19.With shutdowns, social distancing and the explosion of e-commerce, industrial has become essential. Shopping patterns have changed, affecting manufacturing …

Industrial, Nevada, Webinar, Western, Western Feature Archive

Overton Moore Properties Acquires Concourse Tech Park in San Jose for $13.5M

SAN JOSE, CALIF. — Overton Moore Properties has purchased Concourse Tech Park, an office, research and development building in San Jose. A private family sold the asset for $13.5 million.Located at 1953-1965 Concourse Drive, the 110,148-square-foot property features two loading docks, eight at-grade roll-up doors, substantial power, ample parking and significant clear heights. At the time of sale, the building was 10 percent leased.Steven Golubchik, Seth McKinnon, Darren Hollak and …

Acquisitions, California, Industrial, Office, Western

Detroit City Council Approves Sale of Former State Fairgrounds, Amazon to Open 3.8 MSF Facility at Site

DETROIT — The Detroit City Council has approved the sale of the former Michigan State Fairgrounds, providing the green light for a $400 million redevelopment of the site. Detroit-based Sterling Group and Dallas-based Hillwood Investment Properties have agreed to pay $9 million for the land, with plans to build a 3.8 million-square-foot distribution center for Amazon at the property.The e-commerce giant will occupy half of the 142-acre site, located at the corner of Woodward Avenue and 8 …

Development, Industrial, Michigan, Midwest, Top Stories
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