Industrial

Talley Riggins Underway on 32,000 SF Office, Warehouse Project Near Fort Worth

by John Nelson September 4, 2019

GRAPEVINE, TEXAS — General contractor Talley Riggins Construction Group is underway on a 32,000-square-foot, build-to-suit office and warehouse project in Grapevine, a suburb of Fort Worth. The space will serve as the new headquarters for HVAC supplier McMillan James Equipment Co. The building features office space for over 100 employees, a covered roof terrace, covered parking and an approximately 10,000 square-foot warehouse. Dallas-based Merriman Anderson Architects served as the architect and interior designer on the project.

September 4, 2019

Alabama Development Industrial Southeast

DaikyoNishikawa US Breaks Ground on $110M Automotive Plant in Northern Alabama

by Alex Tostado September 4, 2019

HUNTSVILLE, ALA. — DaikyoNishikawa US (DNUS) has broken ground on its $110 million automotive plant in Huntsville. The plant will be on the same site as the 3.1 million-square-foot Mazda Toyota Manufacturing USA (MTMUS) plant, which is expected to be operational in 2021. DNUS’ plant is expected to come on line around the same time. DNUS will produce plastic automotive parts at the plant and expects the plant to house 380 employees at full production. The MTMUS plant will have the capacity to produce 300,000 vehicles annually.

September 4, 2019

Acquisitions Industrial New York Northeast

Terreno Realty Acquires Industrial Property in Brooklyn for $80.5M

by Alex Patton September 4, 2019

NEW YORK CITY — Terreno Realty Corp., a San Francisco-based investor, has acquired an industrial property located in Brooklyn for approximately $80.5 million. The property, 134-154 Morgan Avenue, consists of two distribution buildings containing approximately 192,000 square feet and 41 loading positions. The buildings are 100 percent leased to eight tenants. The seller was undisclosed.

September 4, 2019

Industrial Leasing Activity New Jersey Northeast

Team Resources Negotiates 23,000 SF Industrial Lease in Moonachie, New Jersey

by Alex Patton September 4, 2019

MOONACHIE, N.J. — Team Resources, a New Jersey-based firm, has negotiated a 23,000-square-foot industrial lease for New York-based wholesale merchandiser Icon Trade Services in Moonachie, a western suburb of New York City. The single-story warehouse features two loading docks, a drive-in door and an 18-foot ceiling height. David Knapel of Team Resources represented Icon in the lease negotiations, as well as the landlord, which was undisclosed.

September 4, 2019

Acquisitions California Industrial Western

Rexford Industrial Buys 27,267 SF Industrial Building in San Diego for $8.2M

by Amy Works September 4, 2019

SAN DIEGO — Southern California-based Rexford Industrial Realty has acquired an industrial building located 5725 Eastgate Drive in San Diego’s Miramar neighborhood. Valley Investment Services sold the asset for $8.2 million. Bill Dolan of CBRE represented the seller in the deal. The 27,267-square-foot property features 22-foot clear heights, eight grade-level loading doors, excess land and a secured yard. At the time of closing, the property was vacant. However, Rexford secured a long-term tenant prior to closing.

September 4, 2019

Acquisitions Industrial Midwest Wisconsin

Zilber Acquires 121,000 SF Industrial Building in Pleasant Prairie, Wisconsin

by Kristin Harlow September 3, 2019

PLEASANT PRAIRIE, WIS. — Zilber Property Group has acquired a 121,000-square-foot industrial building located at 8778 100th St. in Pleasant Prairie. The purchase price was undisclosed. The vacant property is situated within LakeView Corporate Park. It features a clear height of 26 feet, six docks, two drive-in doors, 12,000 square feet of office space and 115 car parking stalls. MG Design formerly occupied the property. Eric Fischer of Cushman & Wakefield represented the undisclosed seller. Michael Kleber of Zilber represented Zilber.

September 3, 2019

Industrial Leasing Activity Texas

Holt Lunsford Secures 20,000 SF Industrial Lease in Fort Worth

by Taylor Williams September 3, 2019

FORT WORTH, TEXAS — Dallas-based Holt Lunsford Commercial has secured a 20,000-square-foot industrial lease at Mercantile Distribution Center in Fort Worth. Thomas Grafton and George Jennings with Holt Lunsford represented the tenant in the lease negotiations. Andrew Ward with Mercantile Partners represented the landlord.

September 3, 2019

Arizona Development Industrial Western

ViaWest Group To Develop 140,372 SF Spec Industrial Project Near Phoenix

by Amy Works September 3, 2019

CHANDLER, ARIZ. — ViaWest Group is developing a two-building speculative industrial park located at the southwest corner of East Willis Road and South Hamilton Street in Chandler, a southeastern suburb of Phoenix. The company plans to break ground on the 140,372-square-foot project this week. The 65,892-square-foot and 74,480-square-foot buildings will be divisible from 16,000 square feet to 35,000 square feet. The properties will feature 28-foot clear heights, ESFR sprinklers, a mix of dock-high and grade doors and a 180-foot shared concrete gated truck court. The project will complete Phase II of the AZ 202 Commerce Park. Phase I, a built-to-suit for PODS Moving and Storage, was delivered in April 2018. The second phase is slated for completion in April 2020. Andy Markham, Mike Haenel and Phil Haenel of Cushman & Wakefield are marketing the new buildings for lease. ViaWest Group will manage the properties once completed.

September 3, 2019

Acquisitions California Industrial Office Western

Local Investor Purchases 106,309 SF Office/R&D Asset in Goleta, California

by Amy Works September 3, 2019

GOLETA, CALIF. — A local investor has acquired an office/R&D building located at 6300 Hollister Ave. in Goleta. The asset sold for $33.2 million. Francois DeJohn and Steve Hayes of Hayes Commercial Group represented the undisclosed seller in the transaction. At the time of sale, the 106,309-square-foot property was fully leased to three technology companies: Wyatt Technology, Asylum Research (Oxford Instruments) and Seek Thermal. Wyatt Technologies and Asylum Research have been tenants at the property for approximately 15 years, while Seek Thermal moved into the building in 2018.

September 3, 2019

Development Florida Industrial Southeast

Mayorga Organics to Open 33,000 SF Coffee Distribution Facility in Miami

by Alex Tostado September 3, 2019

MIAMI — Mayorga Organics, a producer of organic coffee, will open a 33,000-square-foot distribution facility in Miami. The new facility will work in conjunction with the company’s existing center in Rockville, Md., to distribute coffee along the East Coast. The facility, located across from Miami International Airport at 4101 NW 25th St., is expected to be operational by Nov. 1 and open to the public by Dec. 1 of this year.

September 3, 2019

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