Industrial

Colliers Brokers Sale of 823,088 SF Industrial Property in Indianapolis

by Kristin Harlow November 19, 2018

INDIANAPOLIS — Colliers International has brokered the sale of a three-building industrial property spanning 823,088 square feet in Indianapolis. Franklin Road Distribution Center, located at 221 S. Franklin Road, spans 38 acres within the Indianapolis East submarket. The property is fully leased to 12 tenants, including Pioneer, Dimplex North America, Hoosier Freight & Warehousing, Balsam Brands, Horner Industrial Services, Continuum Games and Sherwin-Williams. Alex Cantu, Steve Disse and Jeff Devine of Colliers represented the seller, Real Capital Solutions. John Kuiper of Colliers represented the buyer, California-based CORE Realty Holdings Management Inc.

November 19, 2018

Acquisitions Industrial Texas

Rodin Global Acquires 89,473 SF Industrial Building in Metro Dallas for $14.1M

by Taylor Williams November 19, 2018

LEWISVILLE, TEXAS — Rodin Global Property Trust Inc., a REIT sponsored by Cantor Fitzgerald Investors LLC, has acquired n 89,473-square-foot industrial building in Lewisville, a northern suburb of Dallas. The sales price was $14.1 million. The property is fully leased to HOYA Optical Labs of America, a manufacturer of prescription lenses. The seller was a subsidiary of Dallas-based Mohr Capital.

November 19, 2018

Acquisitions Industrial Midwest Ohio

IPB Negotiates Sale of 56,710 SF Industrial Facility in Fort Loramie, Ohio

by Kristin Harlow November 19, 2018

FORT LORAMIE, OHIO — Industrial Property Brokers (IPB) has negotiated the sale of a 56,710-square-foot industrial facility in Fort Loramie in western Ohio. The sales price was not disclosed. The buyer, St. Marys Iron Works, plans to begin occupying the facility in the spring of 2019 and will relocate from St. Marys. The property includes 2,850 square feet of office space, four drive-in doors and five docks. The building formerly served as the Marwill manufacturing plant. Tim Echemann of IPB represented the Ohio-based seller.

November 19, 2018

Acquisitions Industrial South Carolina Southeast

NAI Earle Furman Arranges Sale of Industrial Park in Upstate South Carolina

by John Nelson November 16, 2018

GREER, S.C. — NAI Earle Furman has represented The Taft Family Office and Appian-Gilliam LLC in purchasing a 23.5-acre industrial park in Greer. The site has a newly constructed speculative building that spans about 100,000 square feet. The industrial park was 60 percent leased at the time of the sale. NAI Earle Furman will also handle the management and marketing of the rebranding of the park, now called The Inland Distribution Center. The center is located a few miles off Interstate 85 and neighbors the South Carolina Ports Authority’s Inland Port Greer. The seller and sales price were undisclosed.

November 16, 2018

Industrial Leasing Activity Texas

Alcoholic Beverage Distributor Signs 96,617 Industrial Lease Renewal in Metro Dallas

by Taylor Williams November 16, 2018

FARMERS BRANCH, TEXAS — Miami-based Southern Glazer’s Wine & Spirits of Texas, a distributor of alcoholic beverages, has signed a 96,617-square-foot industrial lease renewal at 13755 Diplomat Drive in Farmers Branch, a northern suburb of Dallas. The brokerage firms were not disclosed, but the owner of the property is ML Realty Partners LLC, an investment firm with offices in Dallas and Itasca, Ill.

November 16, 2018

Acquisitions Industrial Texas

CBRE Negotiates Sale of 71,566 SF Industrial Property in Houston

by Taylor Williams November 16, 2018

HOUSTON — CBRE has negotiated the sale of a 71,566-square-foot industrial property located at 4545 Langfield Road in northwest Houston. According to LoopNet Inc., the property features 26-foot ceiling heights and 15 dock-high doors. William Rudolf and Kyle Golding of CBRE represented the seller, Hs-Tucson Az LLC, in the transaction. The buyer was Chamberlin Houston LLC.

November 16, 2018

Industrial Loans Northeast Pennsylvania

Cushman & Wakefield Arranges $13.1M Acquisition Financing for Industrial Facility in Philadelphia

by David Cohen November 16, 2018

PHILADELPHIA — Cushman & Wakefield has arranged $13.1 million in acquisition financing for a 452,375-square-foot industrial facility in Philadelphia. Located at 11200 Roosevelt Blvd., the property is fully leased to a mix of industrial users. John Alascio, Sridhar Vankayala and Zachary Kraft of Cushman & Wakefield’s Equity Debt & Structured Finance group secured financing for the borrower, Ivy Realty, through lender Reinsurance Group of America Inc. Ivy Realty plans to make $3 million in capital improvements to the property and rebrand it as the Roosevelt Industrial Center.

November 16, 2018

Acquisitions California Industrial Western

TH Real Estate Sells 468,682 SF Industrial Warehouse in Inland Empire for $68.9M

by Amy Works November 16, 2018

RANCHO CUCAMONGA, CALIF. — TH Real Estate, an affiliate of Nuveen, has completed the sale of an industrial warehouse located at 9050 Hermosa Ave. in Rancho Cucamonga. Deutsche Wealth Services acquired the property for $68.9 million, or $147.11 per square foot. Built in 2004 on a 20-acre site, the freestanding, cross-docked property features 468,682 square feet of Class A industrial space. The asset offers fully-secured concrete truck courts, gate-controlled drive-around access, an ESFR sprinkler system, 104 dock-high and four ground-level loading doors and heavy power. Ingram Micro, a distributor of information technology products, fully occupies the property. Jeffrey Cole, Jeff Chiate, Mike Adey and Ed Hernandez from Cushman & Wakefield’s Capital Markets Group brokered the transaction. Chuck Belden and Phil Lombardo of Cushman & Wakefield, along with Mike McCrary and Peter McWilliams of JLL, served as market advisors.

November 16, 2018

Acquisitions California Industrial Western

Cushman & Wakefield Brokers $1.8M Sale of Industrial Building in Metro San Diego

by Amy Works November 15, 2018

VISTA, CALIF. — Cushman & Wakefield has arranged the sale of a freestanding industrial building, located at 2530 Pioneer Ave. in Vista. Ki’s Kitchen purchased the 9,150-square-foot property from BS Ventures for $1.8 million. Built in 1989, the property features a modernized conference room, private office space, open break room/reception, floor-to-ceiling glass walls, multiple restrooms, motorized grade loading and a secured fenced yard. The buyer, a privately owned commercial kitchen company, plans to relocate its own operations to the property from its current location in Carlsbad. Chris Baumgart and Jeffrey Sallen of Cushman & Wakefield’s San Diego office represented the seller in the deal.

November 15, 2018

Industrial Leasing Activity Texas

NAI Partners Secures 64,175 SF Industrial Lease Renewal in Houston

by Taylor Williams November 15, 2018

HOUSTON — NAI Partners has secured a 64,175-square-foot industrial lease renewal at 5700 Campbell Road in Houston on behalf of Gulf Pacific Rice, a rice processor and merchandiser. Jake Wilkinson of NAI Partners represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.

November 15, 2018

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