Industrial

NKF Arranges Sale of 87,640 SF Manufacturing Facility in Addison, Illinois

by Kristin Harlow November 20, 2018

ADDISON, ILL. — Newmark Knight Frank (NKF) has arranged the sale of an 87,640-square-foot manufacturing facility in Addison, about 20 miles west of Chicago. Bridge Development Partners purchased the asset for an undisclosed price. Built in 2008, the building features 62,640 square feet of warehouse space and 25,000 square feet of office space. The facility includes three interior docks, one drive-in door and 128 car parking spaces. The property is situated on 4.6 acres at 133 N. Swift Road. Corey Chase and David Stremler of NKF represented the seller, a private investor. Chase also negotiated a lease renewal on behalf of the tenant, Associated Material Handling Industries Inc.

November 20, 2018

Acquisitions California Industrial Western

BLT Enterprises Acquires 221,660 SF Manufacturing Facility in North San Diego for $31.1M

by Amy Works November 20, 2018

VISTA, CALIF. — BLT Enterprises has purchased a corporate headquarters-quality industrial manufacturing and warehousing facility located at 3250 Business Park in Vista, a suburb northwest of San Diego. DENSO Wireless Systems America sold the property for $31.1 million in the sale-leaseback transaction. Built in 1997 by DENSO, the 221,660-square-foot facility is fully leased by the company, a supplier of advanced automotive technology, systems and components. The property features 28-foot to 30-foot clear heights, 12,000 amps of power and a backup generator system. Additionally, the property features sculptured concrete, reflective glass, a stylish canopy entry and a two-story glass-clad lobby. Situated on 16 acres, the asset also includes a yard and vehicle parking area, as well as a 3.7-acre parcel that is currently unpaved, offering the opportunity for future development. Rob Jacobsen of SD Realty Partners represented the buyer, while Aric Starck of Cushman & Wakefield represented the seller in the deal.

November 20, 2018

Industrial Leasing Activity Massachusetts Northeast

Quiet Logistics Signs 355,000 SF Industrial Lease in Suburban Boston

by David Cohen November 19, 2018

DEVENS, MASS. — Quiet Logistics has signed a 355,000-square-foot, full-building industrial lease in Devens. Located at 64 Jackson Road, the warehouse and distribution facility was built in 2000 and is set on more than 34 acres. The property features 26 foot clear heights, full air conditioning and humidity control and a full-service cafeteria. Rick Schuhwerk, Ed Jarosz Tony Coskren, Brian Pinch and Lizzie Kusbit of NKF represented the owner, GFI Partners, in the transaction. Quiet Logistics is a fulfillment provider specializing in e-commerce solutions.

November 19, 2018

Development Industrial Texas

Power Management Company to Open 284,000 SF Industrial Facility in El Paso

by Taylor Williams November 19, 2018

EL PASO, TEXAS — Eaton Corp., a worldwide power management company, will open a 284,000-square-foot industrial facility in El Paso, a move that is expected to create more than 200 new jobs. Eaton’s total investment in the regional economy will be approximately $15 million. The facility is expected to open in spring 2019.

November 19, 2018

Acquisitions Indiana Industrial Midwest

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

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