REBusinessOnline

Sherwin-Williams Breaks Ground on 600,000 SF Global R&D Center Near Cleveland

BRECKSVILLE, OHIO — The Sherwin-Williams Co. (NYSE: SHW) has broken ground on its new global research and development (R&D) center in Brecksville, a southern suburb of Cleveland. The 600,000-square-foot facility will support product development, coatings research, color technology and process engineering. Cleveland-based Sherwin-Williams is also building a new global headquarters in downtown Cleveland that will span approximately 1 million square feet. The company plans to invest a …

StorageMart Acquires 73,183 SF Self-Storage Facility in Fishers, Indiana

FISHERS, IND. — StorageMart has acquired a 73,183-square-foot CubeSmart Self Storage facility in Fishers, a suburb of Indianapolis. The purchase price was undisclosed. Located at 10415 Allisonville Road, the property features 41 percent drive-up units and 59 percent interior, climate-controlled units. David Paulson, Stephen Lapierre and Wyatt Whitaker of Ackerman & Co., along with Steven Cornblatt and Coleman Tirone of Trout Daniel & Associates, represented StorageMart. Georgia-based …

EastGroup Properties Breaks Ground on 120,600 SF Industrial Project in Metro Houston

KATY, TEXAS — EastGroup Properties, a Mississippi-based REIT, has broken ground on Grand West Crossing 1, a 120,600-square-foot industrial project in the western Houston suburb of Katy. The building, which will be situated within a larger Grand West Crossing master-planned development, will feature 28-foot clear heights and proximity to Interstate 10 and State Highway 290. JLL is marketing the building for lease. Construction is scheduled for a second-quarter 2022 completion. The master plan …

CBRE Arranges $175M Sale of Suburban Massachusetts Industrial Portfolio

BOSTON — CBRE has arranged the $175 million sale of the Partners Industrial Portfolio, a collection of six buildings totaling 802,194 square feet in various suburban submarkets of Massachusetts. Specifically, the properties are located in Franklin, Andover, Wilmington, Tewksbury, Hopkinton and Auburn. Scott Dragos, Doug Jacoby, Chris Skeffington, Anthony Hayes, Roy Sandeman, Tim Mulhall and Dan Hines of CBRE represented the seller, AEW Capital Management, in the transaction. The buyer was New …

Amazon Opens 350,000 SF Robotics Facility Near Boston, Adds 200 Jobs

WESTBOROUGH, MASS. — Amazon (NASDAQ: AMZN) has opened a 350,000-square-foot robotics facility in Westborough, about 30 miles west of Boston, a move that adds about 200 new jobs to the regional economy. The facility will feature corporate offices, research and development labs and manufacturing space for the production of mobile drive units, which are used for inventory selection and transportation in the company’s automated warehouses. Amazon also operates a robotics facility in North …

JLL Arranges Sale of 156,825 SF Distribution Facility in Metro Memphis

SOUTHAVEN, MISS. — JLL Capital Markets has arranged the sale of Southaven Distribution Center I, a fully leased, 156,825-square-foot, Class A distribution facility in Southaven, a Memphis suburb situated on the Tennessee-Mississippi border.Completed in 2020, Southaven Distribution Center I features tilt-wall construction, 32-foot clear heights, 28 loading positions, ESFR fire protection and office space. The property was fully leased to three tenants at the time of sale.Dennis …

Logistics Property Co. to Develop 548,340 SF Industrial Project in Midlothian, Texas

MIDLOTHIAN, TEXAS — Chicago-based Logistics Property Co. will develop Southern Star Logistics Park, a 548,340-square-foot industrial project that will be located in the southern Dallas suburb of Midlothian. The company has partnered with the Midlothian Economic Development Council on this project, which will be situated on a 45-acre site adjacent to State Highway 67. CBRE is marketing the project for lease. A construction timeline was not

Sealy & Co. Buys 353,559 SF Beltway 8 Business Center in Southwest Houston

HOUSTON — Sealy & Co., an owner-operator with corporate offices in Dallas and Shreveport, La., has purchased Beltway 8 Business Center, a 353,559-square-foot industrial development in Houston. The seven-building property is located on the city’s southwest side near the intersection of Beltway 8 and State Highway 59. Trent Agnew of JLL represented the undisclosed seller in the transaction. Jason Gandy and Davis Gibbs represented Sealy & Co. on an internal

Newmark Negotiates 353,600 SF Industrial Lease at Bay Area Business Park in Metro Houston

PASADENA, TEXAS — Newmark has negotiated a 353,600-square-foot industrial lease at Bay Area Business Park in the eastern Houston suburb of Pasadena. Doug Nicholson of Newmark represented the tenant, Los Angeles-based logistics firm Custom Goods LLC, in the lease negotiations. Stream Realty Partners represented the landlord, Bay Bluff

Principle Construction Breaks Ground on 100,463 SF Spec Industrial Building in Franklin Park, Illinois

FRANKLIN PARK, ILL. — Principle Construction Corp. has broken ground on a 100,463-square-foot speculative industrial building at 3500 Wolf Road in Franklin Park, a western suburb of Chicago. IDI Logistics is developing the project, which will feature a clear height of up to 32 feet, 24 docks, two drive-in doors and a 130-foot truck court. The nearly seven-acre site features convenient access to I-294. Harris Architects provided design services for the project. A timeline for completion was …

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