Industrial

Pacific Surfaces Signs 40,000 SF Industrial Lease in Elk Grove Village, Illinois

by Kristin Harlow October 22, 2019

ELK GROVE VILLAGE, ILL. — Pacific Surfaces LLC has signed a 40,000-square-foot industrial lease in Elk Grove Village. The India-based granite distributor has maintained a sales office in Chicago for several years, but this is the company’s first warehouse in the United States. Located at 1300 Mark St., the single-story facility features six docks, several bridge cranes and a clear height of 22 feet. It is situated in Elk Grove Industrial Park. The new property will enable Pacific Surfaces to sell smaller quantities to a broader market. John D’Orazio of Colliers International represented Pacific Surfaces in the lease transaction.

October 22, 2019

Acquisitions Illinois Industrial Midwest

Barber Murphy Brokers Sale of 21,000 SF Industrial Building Near St. Louis

by Kristin Harlow October 22, 2019

MILLSTADT, ILL. — Barber Murphy has brokered the sale of a 21,000-square-foot industrial building in Millstadt, about 17 miles southeast of St. Louis. The sales price was not disclosed. The property is located at 600 S. Breese St. In-Land Management Group LLC sold the asset to East Washington Street Property LLC. Barber Murphy represented both parties in the sale.

October 22, 2019

Acquisitions Industrial Self-Storage Texas

SmartStop Self Storage Sells 440-Unit Facility in San Antonio

by Taylor Williams October 22, 2019

SAN ANTONIO — SmartStop Self Storage, a self-managed REIT that owns 112 operating and under-development self-storage properties across 17 states and Toronto, has sold a 440-unit facility in San Antonio. The property, which spans 83,400 net rentable square feet, was acquired in January 2016 by Strategic Storage Growth Trust Inc. (SSGT) and was part of the portfolio merger between SmartStop and SSGT that was completed in January 2019. The undisclosed buyer plans to redevelop the site into a mixed-use property with office and multifamily uses.

October 22, 2019

Acquisitions Industrial Nevada Western

RealComm Advisors Arranges $14.9M Sale of 106,680 SF Industrial Asset in Henderson, Nevada

by Amy Works October 22, 2019

HENDERSON, NEV. — RealComm Advisors has arranged the sale of an industrial property, located at 1550 Executive Airport Drive in Henderson. Executive Airport Industrial LLC acquired the asset from DEV Investment for $14.9 million. Situated within AirParc South, the property features 106,680 square feet of industrial space. Greg Pancirov of RealComm Advisors represented the buyer, while Mike De Lew, also of RealComm Advisors, represented the seller in the deal.

October 22, 2019

Acquisitions Industrial Lee & Associates Texas

Lee & Associates Arranges Sale of 34,482 SF Industrial Asset in Houston

by Taylor Williams October 22, 2019

HOUSTON — Lee & Associates has arranged the sale of a 34,482-square-foot industrial asset located at 10130 W. Gulf Bank Road in Houston. Patrick Wolford of Lee & Associates represented the seller, CDG Properties LLC, in the transaction. Joe MacDougall of MacDougall & Co. Inc. represented the buyer, 10130 West Gulf Bank-2019 LP.

October 22, 2019

Industrial Leasing Activity Texas

Premier Refrigerated Warehouse to Occupy 200,000 SF at New Cold Storage Facility Near Fort Worth

by Taylor Williams October 21, 2019

BURLESON, TEXAS — Premier Refrigerated Warehouse, a locally based provider of cold storage solutions, has inked a deal to occupy 200,000 square feet at a new facility underway in Burleson, located south of Fort Worth. Austin-based Yukon Ventures and New Jersey-based Saxum Real Estate are co-developing the 400,000-square-foot property. According to the Dallas Business Journal, the facility is valued at approximately $50 million and is expected to be complete by the fourth quarter of 2021.

October 21, 2019

Acquisitions Development Florida Industrial Southeast

Foundry Commercial to Develop 320,000 SF Spec Industrial Building in Metro Miami

by Alex Tostado October 21, 2019

HIALEAH GARDENS, FLA. — Foundry Commercial has acquired an 18-acre site in Hialeah Gardens with plans to develop a speculative 320,000-square-foot industrial building. The site is situated on NW 107th Avenue between NW 144th and NW 146th streets, about 20 miles northwest of downtown Miami. Orlando-based Foundry Commercial plans to break ground in early 2020 and expects to deliver the asset by the end of 2020. Wayne Schuchts, David Spillers and Bobby Benton of Avison Young represented the buyer in the land acquisition and have been tapped to lease the building. Two undisclosed sellers sold the land to Foundry for an undisclosed price in the off-market transaction.

October 21, 2019

Acquisitions Industrial Self-Storage Washington Western

Marcus & Millichap Brokers $12.7M Sale of Self-Storage Facility in Washington

by Amy Works October 21, 2019

NORTH BEND, WASH. — Marcus & Millichap has negotiated the sale of Eastside Self Storage, a 50,055-square-foot self-storage facility in North Bend. An out-of-state institutional buyer acquired the property for $12.7 million, or $253 per rentable square foot. Located at 1410 Boalch Ave. NW, the facility features 361 self-storage units spread across 6.1 acres. The asset was built in 2005. Christopher Secreto of Marcus & Millichap’s Seattle office represented the seller, a Washington-based limited liability company, and secured the buyer in the deal.

October 21, 2019

Development Illinois Industrial Midwest

Amazon to Open 1 MSF Fulfillment Center in Channahon, Illinois

by Kristin Harlow October 21, 2019

CHANNAHON, ILL. — Amazon has unveiled plans to open a fulfillment center in Channahon, southwest of Joliet. The facility will create more than 500 new full-time jobs. Employees at the more than 1 million-square-foot center will pick, pack and ship large items, such as sports equipment, patio furniture, fishing rods, pet food, kayaks, bicycles and household goods. Amazon currently employs more than 11,000 full-time associates throughout the state of Illinois.

October 21, 2019

Acquisitions Industrial Texas

Finial Investments Acquires 23,750 SF Industrial Building in Houston

by Alex Tostado October 18, 2019

HOUSTON — Finial Investments has acquired a 23,750-square-foot industrial building located at 203 Blue Bell Road in Houston. The property was fully leased at the time of sale to ACE Steel Supply. Doc Perrier of Finial Group represented the buyer in the transaction on an internal basis. The seller was not disclosed.

October 18, 2019

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