Industrial

Stan Johnson Co. Negotiates $16.8M Sale of Distribution Facility in Findlay, Ohio

by Kristin Harlow January 23, 2020

FINDLAY, OHIO — Stan Johnson Co. has negotiated the sale of a single-tenant, 402,604-square-foot distribution facility in Findlay for $16.8 million. The warehouse is fully leased to American Plastics, a designer, manufacturer and distributor of plastic-injection molded products. It is located at 14801 County Road 212. Originally built in 1998, the property sits on 24 acres and features a clear height of 28 feet, 44 dock doors and a fenced truck court. Rob Gemerchak and Jeff Hughes of Stan Johnson represented the seller, local developer Nickolas LLC. Plymouth Industrial REIT Inc. purchased the asset.

January 23, 2020

Acquisitions Industrial Midwest Ohio

Reichle Klein Group Brokers $4.6M Sale of Industrial Building in Ohio

by Kristin Harlow January 23, 2020

PIONEER, OHIO — Reichle Klein Group has brokered the $4.6 million sale of a 157,550-square-foot industrial building in Pioneer in northwest Ohio. The property is located at 2 Kexon Drive. Ron Jurgenson of Reichle Klein and Tim Echemann of Industrial Property Brokers represented the seller, Pioneer’s Kidston Family Cos. Ltd. Jurgenson represented the buyer, ATD Properties LLC.

January 23, 2020

Acquisitions Illinois Industrial Midwest

Cawley Chicago Arranges Sale of Former Gymnastics Facility in Naperville, Illinois

by Kristin Harlow January 23, 2020

NAPERVILLE, ILL. — Cawley Chicago has arranged the sale of a 34,984-square-foot warehouse in Naperville that formerly housed Naperville Gymnastics. The sales price was undisclosed. Located at 800 Enterprise Court, the property sits on 7.5 acres and features a clear height of 18 feet, two interior docks and 12,500 square feet of office space. Jack Brennan and Daniel Cawley of Cawley represented the private seller. Jeff Provenza of Darwin Realty represented the buyer, which plans to renovate the facility and improve the land to use for its construction equipment rental business.

January 23, 2020

Acquisitions Industrial Texas

Nuveen Real Estate Sells 352,680 SF Beltway North Commerce Center in Houston

by Taylor Williams January 23, 2020

HOUSTON — Nuveen Real Estate has sold Beltway North Commerce Center, a 352,680-square-foot industrial facility in Houston. Built on 23.4 acres in 2015, the property is fully leased to cargo handling firm Air General and logistics firm DB Schenker and offers convenient access to Hardy Toll Road and Beltway 8. Building features include 32-foot clear heights, 110 dock-high doors and 68 trailer parking spaces. Trent Agnew, Rusty Tamlyn, Charlie Strauss and Katherine Miller of JLL represented Nuveen in the transaction. High Street Logistics Properties purchased the asset for an undisclosed price.

January 23, 2020

Industrial Leasing Activity Texas

NKF Negotiates 64,000 SF Industrial Lease in Houston

by Taylor Williams January 23, 2020

HOUSTON — Newmark Knight Frank (NKF) has negotiated a 64,000-square-foot industrial lease at 10515 Okanella St. in Houston. Reid Halverson, Fred Puskarich, Louis Pascuzzi and David Creiner of NKF represented the tenant, Morsco Supply LLC, a distributor of commercial and residential plumbing products, in the lease negotiations. Transwestern represented the landlord, San Francisco-based Prologis.

January 23, 2020

Acquisitions Industrial Texas

NAI Partners Arranges Sale of 409,685 SF Distribution Center in Schertz, Texas

by Taylor Williams January 22, 2020

SCHERTZ, TEXAS — NAI Partners has arranged the sale of a 409,685-square-foot distribution center located at 1150 Schwab Road along the Interstate 35 corridor in the Central Texas city of Schertz. According to LoopNet Inc., the site was developed in 2008, includes 78,500 square feet of office space and houses additional land for future expansion. Carlos Marquez of NAI Partners represented the undisclosed seller in the transaction. The buyer was HPI Real Estate Services & Investments, which acquired the property vacant.

January 22, 2020

Illinois Industrial Leasing Activity Midwest

Winslyn Industries Signs 50,651 SF Industrial Lease in Batavia, Illinois

by Kristin Harlow January 22, 2020

BATAVIA, ILL. — Winslyn Industries has signed a 50,651-square-foot industrial lease at 1850 Fabyan Parkway in Batavia, a western suburb of Chicago. The wholesaler of kitchen and bathroom products is expanding from a 32,000-square-foot facility in Bartlett. Winslyn’s new space is part of a 150,838-square-foot distribution center newly developed by Cratos Industrial Properties. Winslyn is scheduled to take occupancy this quarter. Jim Pietrarosso of Brown Commercial Group represented the tenant in the lease transaction. Kate Coxworth of Morken & Associates represented the developer.

January 22, 2020

Industrial Iowa Loans Midwest Self-Storage

NorthMarq Secures $4.7M Refinancing for Self-Storage Facility in Des Moines

by Kristin Harlow January 22, 2020

DES MOINES, IOWA — NorthMarq has secured a $4.7 million loan for the refinancing of a Broadway Storage facility in Des Moines. The 728-unit property is located at 4933 E. Broadway Ave. Jason Kinnison of NorthMarq’s Omaha office arranged the loan with a life insurance company. Terms of the loan were undisclosed.

January 22, 2020

Development Florida Industrial Southeast

Sysco Completes Expansion of 150,000 SF Food Processing Facility in Orlando

by Alex Tostado January 21, 2020

ORLANDO, FLA. — Sysco Corp., a global food distribution and marketing organization, has completed the expansion of FreshPoint Central Florida, a food processing facility located at 8801 Exchange Drive in Orlando. FreshPoint, Sysco’s specialty produce company, operates the facility. The expansion doubles the facility’s size to 150,000 square feet and includes a new culinary center for demonstrations and staging, new equipment for produce processing, LED lighting, energy-efficient coolers and a new system for collecting produce waste. FreshPoint Central Florida stocks a wide variety of locally grown products throughout the year, including tomatoes, citrus, row crop vegetables, Zellwood Triple Sweet Corn, microgreens, peaches, specialty potatoes, tropical fruits, grapes and figs.

January 21, 2020

Acquisitions Illinois Industrial Midwest

Exeter Property Group Acquires 193,000 SF Industrial Building in Lombard, Illinois

by Kristin Harlow January 21, 2020

LOMBARD, ILL. — Exeter Property Group has acquired a 193,000-square-foot industrial building located at 100 Progress Road in Lombard for an undisclosed price. The property is situated at the intersection of I-355 and North Avenue in the Central DuPage County submarket. The building offers clear heights ranging from 24 to 29 feet and is fully leased to Orora Packaging. David Bercu of Colliers International brokered the sale. A private investor sold the asset.

January 21, 2020

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