Industrial

Colliers Negotiates 349,050 SF Industrial Lease for Wholesome Sweeteners Near Houston

by Taylor Williams January 20, 2020

DEER PARK, TEXAS — Colliers International has negotiated a 349,050-square-foot industrial lease for organic food company Wholesome Sweeteners at Victory Commons Center in Deer Park, an eastern suburb of Houston. Victory Commerce Center features a cross-dock configuration, 32-foot clear heights, 185-foot truck court depths, 256 car parking spaces, an ESFR sprinkler system and an additional acre for storage or trailer parking. In addition, the property is located within 10 miles of Beltway 8, Interstate 10 and the Barbours Cut and Bayport Container terminals at Port Houston. Jon Lindenberger, Walter Menuet and Paul Dominique of Colliers represented the landlord, Crow Holdings Industrial, in the lease negotiations. Ryan Fuselier and Carl Mueller of JLL represented Wholesome Sweeteners.

January 20, 2020

Acquisitions Industrial Office Texas

Redwood Property Investors Buys 301,127 SF Office, Industrial Campus in Houston

by Taylor Williams January 20, 2020

HOUSTON — Redwood Property Investors III LLC, a California-based private investment fund, has purchased the former Exterran Energy Solutions campus in northwest Houston. The property is situated on 21 acres and spans 301,127 square feet of manufacturing and office space. Clay Pritchett and Zane Carman of NAI Partners represented Redwood in the transaction. Mark Nicholas and Richard Quarles of JLL represented the seller and former occupant, Exterran. Redwood has tapped NAI Partners to market the property for lease moving forward.

January 20, 2020

Acquisitions Industrial New Jersey Northeast

CBRE Arranges Sale of 315,389 SF Industrial Complex in Jersey City

by Alex Patton January 20, 2020

JERSEY CITY, N.J. — CBRE has arranged the sale of FXG Jersey City, a 315,389-square-foot industrial complex in Jersey City, a western suburb of New York City. Completed in 2016, the complex is located at 1049 Secaucus Road and offers convenient access to Newark International Airport. The property was fully leased to FedEx Ground Package Systems Inc. at the time of sale. Brian Fiumara, Michael Hines, Brad Ruppel and Lauren Dawicki of CBRE represented the buyer, Scannell Properties, in the transaction.

January 20, 2020

Acquisitions Industrial Texas

Marcus & Millichap Brokers Sale of 39,621 SF Industrial Complex in Seagoville, Texas

by Taylor Williams January 20, 2020

SEAGOVILLE, TEXAS — Marcus & Millichap has brokered the sale of Abney Industrial Warehouses, a 39,261-square-foot industrial complex in Seagoville, a southeastern suburb of Dallas. The property is situated on 4.2 acres and consists of three warehouses and an office building. Adam Abushagur and Sam Martin of Marcus & Millichap represented the seller, a private investor, in the transaction. Additional terms of sale were not disclosed.

January 20, 2020

Industrial Leasing Activity New York Northeast

City Harvest Signs 150,000 SF Industrial Lease for Food Rescue Facility in Brooklyn

by Alex Patton January 20, 2020

NEW YORK CITY — Nonprofit food rescue organization City Harvest has signed a 150,000-square-foot industrial lease at 150 52nd St. in Brooklyn that will house its new food rescue facility and administrative offices. The company is moving from its original facility in Long Island City after its old site was rezoned from industrial to residential. Rob Kossar, Paul Mas, Adam Citron and Ellen Herman of JLL represented City Harvest in the lease negotiations. Leslie Lanne of JLL represented the landlord, DH Property Holdings. which sold the building to Prologis following the execution of the lease.

January 20, 2020

Acquisitions Industrial Northeast Pennsylvania

Markward Group Negotiates Sale of 20,295 SF Industrial Property in Easton, Pennsylvania

by Alex Patton January 20, 2020

EASTON, PA. — Markward Group has negotiated the sale of a 20,295-square-foot industrial property for plastic extrusion manufacturer Fluortek in Easton, a northeastern suburb of Allentown. The company, which manufactures custom tubing for medical devices, is moving from 12 McFadden Road in Easton to 3370 3370 Hill Road. Matt Macdonald of Markward Group represented Fluortek in the transaction. The sales price was undisclosed.

January 20, 2020

Acquisitions Industrial Midwest Missouri Self-Storage

Block & Co. Arranges $10M Sale of Self-Storage Facility in Independence, Missouri

by Kristin Harlow January 20, 2020

INDEPENDENCE, MO. — Block & Co. Inc. Realtors has arranged the sale of a 28.6-acre self-storage property in Independence for $10 million. The facility features 741 enclosed units and 450 parking stalls. William Glasgow of Block & Co. represented the seller, Lake City U-Store. The buyer, State Storage Group Kansas City LLC, plans to modernize the entire facility with computer-automated climate control and other technological systems.

January 20, 2020

Acquisitions Industrial Midwest Wisconsin

Barry Co. Brokers Sale of 54,417 SF Industrial Building in Waukesha, Wisconsin

by Kristin Harlow January 20, 2020

WAUKESHA, WIS. — The Barry Co. has brokered the sale of a 54,417-square-foot industrial building in Waukesha for an undisclosed price. The seller, Grace Elizabeth LLC, purchased the facility in 2016. The tenant, W.M. Sprinkman Corp., is a division of Krones AG and specializes in manufacturing food and beverage processing equipment. Pilot Court Industrial Property Group LLC purchased the building, which is located at 404 Pilot Court. David Barry of The Barry Co. brokered the sale.

January 20, 2020

Acquisitions Industrial Midwest Ohio

Reichle Klein Group Brokers $2.7M Sale of Industrial Facility Near Toledo

by Kristin Harlow January 17, 2020

PERRYSBURG, OHIO — Reichle Klein Group has brokered the $2.7 million sale of a 45,630-square-foot industrial facility in Perrysburg, just south of Toledo. The four-building property sits on 32 acres at 26933 Eckel Road. Jerry Malek of Reichle Klein represented the seller, Welded Construction LP. Malek also assisted the buyer, Perrysburg LLC.

January 17, 2020

Industrial Leasing Activity North Carolina Southeast

Transpacific Suppliers Alliance Signs 120,000 SF Lease in Metro Raleigh Industrial Park

by Alex Tostado January 16, 2020

KNIGHTDALE, N.C. — Transpacific Suppliers Alliance Inc. has signed a 120,000-square-foot lease in Hinton Oaks Industrial Park with owner and developer Wake Stone Corp. The park is located at 520 Hinton Oaks Blvd. in Knightdale, roughly nine miles east of Raleigh. KW Commercial’s Brian Donnelley represented the tenant in the lease negotiations. Foundry Commercial, led by Alexis Lambeth, leases the park on behalf of Wake Stone. The 48-acre industrial park is master-planned for five buildings totaling 524,000 square feet. The property is now fully leased, with the fifth and final building slated for delivery in April. Hinton Oaks is adjacent to Interstate 540 and to Wake Stone’s current quarry operation and headquarters in Knightdale. The industrial park currently has 10 tenants, including granite supplier AG&M. Williams Realty & Building Co. Inc. is the general contractor for the entire Hinton Oaks project.

January 16, 2020

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