Industrial

Valore Ventures Acquires 28,542 SF Flex Industrial Facility in Southern California

by Amy Works September 27, 2019

SANTA FE SPRINGS, CALIF. — Valore Ventures has purchased a flex industrial facility, located at 15511 Carmenita Road in Santa Fe Springs, from a private seller for an undisclosed sum. Built in 1998, the 28,542-square-foot property features 11,437 square feet of office space spanning two floors in the front of the building, and 17,105 square feet of one-story industrial warehouse space with 22-foot clear heights in the rear of the building. The facility features a gated parking lot, two drive-in docks and two-grade level doors.

September 27, 2019

Industrial Market Reports Texas Texas Market Reports

While the City Thrives, Amarillo Industrial Market Faces Hurdles

by Taylor Williams September 27, 2019

Amarillo has continued on the path of steady growth with a strong unemployment rate of 2.7 percent. Along with its sturdy economy, Amarillo’s commercial market has followed a path of consistent advancement, but there are clouds on the horizon and hints of a stall are visible. Our core market indicators are showing cracks. There are fewer jobs now than there were a year ago. Commodities have been flat at best. Oil prices have experienced declines in excess of 10 percent from this time last year, with natural gas prices dropping nearly 25 percent from a year ago. Despite some early spells of ample moisture, recent heat and low rain totals have hurt Panhandle farmers and ranchers. The uncertainty regarding tariffs on these natural resources has created anxiety as well. For the city’s industrial and commercial real estate sectors, the collective message of these trends is that the long stretch of economic expansion that has propped up the market, may be in the rearview mirror. New Developments Some new land purchases with plans for industrial developments should help the tax base. Caviness Beef Packers recently purchased 100 acres with plans to build a new facility. In addition, the Amarillo Economic Development …

September 27, 2019

Industrial Leasing Activity Northeast Pennsylvania

JLL Arranges 186,000 SF Industrial Lease Expansion in Eddystone, Pennsylvania

by Alex Patton September 26, 2019

EDDYSTONE, PA. — JLL has arranged a 186,000-square-foot industrial lease expansion for chocolate product manufacturer Barry Callebaut in Eddystone, a southwestern suburb of Philadelphia. The expansion brings Barry Callebuat’s total lease within the property at 1001 Industrial Highway up to 395,000 square feet. Michael Burns, Trevor Ragsdale and Paul Torosian of JLL represented Barry Callebaut in the transaction. The landlord was Novaya Foxfield Indusutrial LLC.

September 26, 2019

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Negotiates 88,000 SF Industrial Lease in Houston

by Taylor Williams September 26, 2019

HOUSTON — Lee & Associates has negotiated an 88,000-square-foot industrial lease at 701 Plastics Ave. in Houston. According to LoopNet Inc., the property was built on 6 .2 acres in 1979 and includes 3,520 square feet of office space. Trey Erwin, Robert McGee and Dalton Knipe of Lee & Associates represented the undisclosed landlord in the lease negotiations. The tenant was Grow Texas Plastics LLC.

September 26, 2019

Acquisitions Industrial Oklahoma Texas

DealPoint Merrill Acquires 47,521 SF Industrial Property in Tulsa

by Taylor Williams September 26, 2019

TULSA, OKLA. — DealPoint Merrill, a commercial owner-operator with offices in California and Nevada, has acquired the former Tulsa World Warehouse, a 47,521-square-foot industrial property situated on two acres in the city’s business and arts district. DealPoint Merrill plans to develop a $10 million self-storage facility on the site that is scheduled to open in May 2020. The seller was not disclosed.

September 26, 2019

Industrial Leasing Activity New Jersey Northeast

Tecno Spa Signs 15,000 SF Industrial Lease in Somerset, New Jersey

by Alex Patton September 25, 2019

SOMERSET, N.J. — Office interior design firm Tecno Spa has signed a 15,000-square-foot industrial lease in Somerset, a southwestern suburb of New York City. The property, located at 65 Clyde Road, spans 160,000 square feet of industrial space with 24-foot ceiling heights, three loading doors and close proximity to the New Jersey Turnpike. Scott Perkins and Chris Todd of NAI James Hanson represented Tecno Spa in the lease transaction. TA Realty is the landlord.

September 25, 2019

Centerpointe-Commerce-Center-Moreno-Valley-CA

California Development Industrial Western

Rockefeller Group, Newcastle Partners Break Ground on 203,944 SF Distribution Center in Inland Empire

by Amy Works September 25, 2019

MORENO VALLEY, CALIF. — Rockefeller Group has broken ground on Centerpointe Commerce Center, a speculative distribution center situated on 8.8 acres of industrial land in Moreno Valley. The 203,944-square-foot facility is slated for completion in summer 2020. Located on Frederick Street, the dock-high industrial building will feature 32-foot clear heights, 8,000 square feet of speculative office improvements, 106 auto-parking stalls and 26 trailer-parking stalls. Additionally, the property will offer access to several Southern California freeways, including Interstate 215, State Route 60, State Route 90 and Interstate 10. Rockefeller Group acquired the site from Newcastle Partners in April. Newcastle pursued the required governmental approvals for the projects beginning in October 2017, and the company successfully obtained the entitlements and zoning just prior to Rockefeller Group’s acquisition. Rockefeller Group and Newcastle selected Newport Beach, Calif.-based RM Dalton as general contractor, Herdman Architecture + Design as architect and SDH & Associates as civil engineer. Bill Heim, Finn Comer, Alex Heim and Nesha Ritchie of Lee & Associates are the exclusive leasing agents for Centerpointe Commerce Center.

September 25, 2019

Florida Georgia Industrial Loans Self-Storage Southeast

Talonvest Capital Secures $123.3M Refinancing for Self-Storage Portfolio in Three States

by Alex Tostado September 24, 2019

IRVINE, CALIF. — Irvine-based Talonvest Capital Inc. has secured two refinancing loans totaling $123.3 million on behalf of Metro Self Storage. Lake Forest, Ill.-based Metro Self Storage will use the loan proceeds to refinance existing debt on eight properties in Georgia, 12 properties in Florida and two properties in Illinois. The portfolio totals more than 1.5 million square feet of rentable space. The two non-recourse loans feature a fixed 3.2 percent interest rate and 10 years of interest-only payments. An undisclosed national bank provided the funds.

September 24, 2019

Acquisitions Industrial Texas

Bradford Commercial Negotiates Sale of 38,500 SF Warehouse in Dallas

by Taylor Williams September 24, 2019

DALLAS — Bradford Commercial Real Estate Services has negotiated the sale of a 38,500-square-foot warehouse located within Lone Star Park in Dallas. The property, which is situated on 1.9 acres and built in 1984, was vacant at the time of sale. Brock Wilson and Joe Santaularia of Bradford Commercial represented the seller, SL4 DFW Industrial LP. Drew Feagin of Stream Realty Partners represented the buyer, First American Exchange Co. Inc.

September 24, 2019

Acquisitions California Industrial Western

JJRE Properties Sells 14,380 SF Industrial Building in California for $2.7M

by Amy Works September 24, 2019

CORONA, CALIF. — JJRE Properties has completed the disposition of an industrial building in Corona. An undisclosed buyer acquired the property for $2.7 million. Located at 508 Bateman Circle, the property features 14,380 square feet of industrial space. Greg Diab of Lee & Associates’ Orange, Calif., office represented the seller in the deal.

September 24, 2019

Newer Posts

Older Posts