Industrial

Miller Construction Completes Two Industrial Buildings Totaling 318,043 SF in Miami Central Commons

by Alex Tostado December 19, 2019

DORAL, FLA. – Miller Construction Co. has completed two buildings for Orlando-based Foundry Commercial, creating 318,043 square feet of industrial space within the Miami Central Commons business park. Located at 2301 NW 107th Ave. in Doral, 11 miles northwest of Miami, Building 1 contains showroom space and Building 2 contains industrial space. Foundry Commercial purchased the business park in 2017 and began the major demolition, renovation and expansion in fall 2018. Designed by RLC Architects, Buildings 1 and 2 provide 32-foot clear heights, 54-foot column spacing and a 60-foot speed bay. Puga & Associates served as mechanical, electrical and plumbing engineers, and Kimley-Horn served as civil engineer. Coral Gables, Fla.-based Fairchild Partners is the property’s exclusive leasing agent.

December 19, 2019

Acquisitions Industrial Texas

Meritex Acquires 84,080 SF Industrial Complex Near DFW Airport in Irving

by Taylor Williams December 19, 2019

IRVING, TEXAS — The Meritex Co. has acquired Jetstar 114 Business Center, a three-building industrial complex totaling 84,080 square feet in Irving. Developed in 1999 by Jackson-Shaw, the buildings are situated adjacent to Dallas-Fort Worth (DFW) International Airport and feature 18-foot clear heights and both dock-high and drive-in loading platforms. The property was fully occupied at the time of sale. The seller was not disclosed.

December 19, 2019

Industrial Leasing Activity Texas

Supply Chain Operator Signs 62,261 SF Industrial Lease in Northwest Houston

by Taylor Williams December 19, 2019

HOUSTON — JUSDA Supply Chain Management Corp. has signed a 62,261-square-foot industrial lease in northwest Houston. The company will occupy Building 1 at 8801 Fallbrook Drive, which is owned by Liberty Property LP. Joshua Brown and Reggie Beavan III of Newmark Knight Frank represented the tenant in the lease negotiations.

December 19, 2019

Industrial Leasing Activity New Jersey Northeast

LG Electronics USA Signs 925,000 SF, Full-Building Industrial Lease in Franklin, New Jersey

by Alex Patton December 19, 2019

FRANKLIN, N.J. — LG Electronics USA has signed a 925,000-square-foot industrial lease to occupy the entirety of Crow Holdings at Veronica Ave., a single-tenant property currently under construction in Franklin, located approximately 50 miles northwest of New York City. LG produces home and entertainment products, mobile phones, home appliances and commercial displays. The building will feature 40-foot clear heights, 170 trailer parking spots, 159 dock positions and four drive-in doors. Crow Holdings Industrial and The Carlyle Group acquired the site in early 2019 and began speculative construction soon after. The building is slated for completion in March 2020. Stan Danzig and Kimberly Bach of Cushman & Wakefield represented Crow Holdings Industrial.

December 19, 2019

Connecticut Development Industrial Leasing Activity Northeast

Angel Commercial Brokers Sale of 23.3-Acre Industrial Parcel in Orange, Connecticut

by Alex Patton December 19, 2019

ORANGE, CONN. — Angel Commercial LLC has brokered the $7.3 million sale of a 23.3-acre parcel zoned for industrial development in Orange, a western suburb of New Haven. The property is situated at 205 Indian River Road, adjacent to PEZ Manufacturing Inc.’s production facility and Interstate 95. A FedEx building is also under construction in the same area. The parcel was subdivided and sold to four different undisclosed buyers. Jon Angel of Angel Commercial represented the seller, Indian River Road LLC, in the transaction.

December 19, 2019

http://rebusinessonline.com/metro-storage-frc-open-785-unit-self-storage-facility-in-line-lexington-pennsylvania/

Development Industrial New York Northeast Self-Storage

Metro Storage, FRC Open 689-Unit Self-Storage Facility on Long Island

by Alex Patton December 18, 2019

WESTHAMPTON BEACH, N.Y. — A partnership between Metro Storage LLC and Fremont Realty Capital has opened a 689-unit self-storage facility in West Hampton Beach on the eastern part of Long Island. The two-story facility, located at 105 Old Riverhead Road, offers 77,000 rentable square feet of climate-controlled space and features interior loading bays, elevators, security and a retail office. Metro Storage opened a 785-unit facility in Line Lexington, Pennsylvania at approximately the same time. The Westhampton Beach property is Metro’s 5th self-storage facility in New York

December 18, 2019

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Negotiates 335,480 SF Industrial Lease Renewal in Irving

by Taylor Williams December 18, 2019

IRVING, TEXAS — Lee & Associates has negotiated a 335,480-square-foot industrial lease renewal at 9400 N. Royal Lane in Irving. According to LoopNet Inc., the rail-served property was built in 2004 and totals 447,400 square feet. Tom Walrich of Lee & Associates represented the tenant, supply chain operator KGP Logistics Co. Mitch Pruitt represented the landlord, Prologis, on an internal basis.

December 18, 2019

Illinois Industrial Loans Midwest

Associated Bank Provides $15.8M Construction Loan for Spec Industrial Building in Des Plaines, Illinois

by Kristin Harlow December 18, 2019

DES PLAINES, ILL. — Associated Bank has provided a $15.8 million loan for the construction of Sherwin Industrial, a redevelopment project of a 7.8-acre industrial site in Des Plaines. Panattoni Development Co. is the borrower and developer. Panattoni plans to tear down two existing industrial buildings on the site and build a 162,000-square-foot speculative warehouse. Completion is slated for fall 2020. The project is situated in the O’Hare submarket. Krista Casper of Associated Bank handled the loan arrangements and closing.

December 18, 2019

Acquisitions Illinois Industrial Midwest

NKF Brokers Sale-Leaseback of Suburban Chicago Industrial Property

by Kristin Harlow December 18, 2019

AURORA, ILL. — Newmark Knight Frank (NKF) has brokered the sale-leaseback of 1175 S. Frontenac St., a 120,000-square-foot industrial building in Aurora. The sales price was undisclosed. Elise Couston and Adam Marshall of NKF represented the seller, design studio Embossed Graphics Inc., which will lease back the property from Exeter Property Group. Located in the Meadow Lakes Corporate Park, the facility was constructed in 1999 as a build-to-suit for Embossed Graphics. The building features a clear height of 24 feet, 10,000 square feet of office space and parking for 135 vehicles.

December 18, 2019

Development Industrial Northeast Pennsylvania Self-Storage

Metro Storage, FRC Open 785-Unit Self-Storage Facility in Line Lexington, Pennsylvania

by Alex Patton December 17, 2019

LINE LEXINGTON, PA. — A partnership between Metro Storage LLC and Fremont Realty Capital (FRC) has opened a 785-unit self-storage facility in Line Lexington, located approximately 30 miles north of Philadelphia. The two-story facility, located at 4671 County Line Road, offers 79,383 rentable square feet of climate-controlled space and features interior loading bays, elevators, security and a retail office. The property is Metro’s 11th self-storage facility in Pennsylvania.

December 17, 2019

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