Industrial

Beacon Partners Delivers 525,000 SF Warehouse Near Charlotte for Campbell Snacks

by Alex Tostado November 7, 2019

PINEVILLE, N.C. — Beacon Partners has delivered a 525,000-square-foot, build-to-suit warehouse in Pineville for Campbell Snacks, a division of Campbell Soup Co. The facility sits on 34 acres and marks the first completed building within Pineville Distribution Park, an industrial campus that sits 13 miles south of downtown Charlotte. The new warehouse features 36-foot clear heights, cross-dock loading, 180-foot truck courts and 120 trailer parking spaces. InterCon Building Corp. served as the general contractor, Merriman Schmitt Architects was the architect and Osborn Engineering Group was the civil engineer on the project. Mike Kemmet of Cushman & Wakefield represented Campbell Snacks in the transaction. Bailey Patrick and Bailey Patrick Jr. internally represented MPV Properties. MPV is also developing the remainder of Pineville Distribution Park.

November 7, 2019

Acquisitions Georgia Industrial Southeast

Granite REIT Acquires 689,400 SF Distribution Center Near Port of Savannah for $47.5M

by Alex Tostado November 7, 2019

POOLER, GA. — Granite REIT has acquired a 689,400-square-foot distribution center located at 100 Clyde Alexander Lane in Pooler, adjacent to another industrial park it owns. The Toronto-based company, which is traded on both the Toronto and New York stock exchanges, bought the 100 Clyde Alexander facility for $47.5 million. The property is situated on 48.3 acres about four miles from the gate of the Port of Savannah. The property offers 32-foot clear heights, four drive-in doors and 120 dock doors. The property was fully leased at the time of sale with more than three years left on the tenant’s lease. The tenant was not disclosed, although the Atlanta Business Chronicle reports the tenant is Best Choice Products, an e-commerce provider with a focus on home furnishings, toys and appliances.

November 7, 2019

Development Industrial Massachusetts Northeast

Amazon to Open 350,000 SF Robotics Innovation Hub in Westborough, Massachusetts

by Alex Patton November 7, 2019

WESTBOROUGH, MASS. — Amazon will open a new 350,000-square-foot robotics innovation hub in Westborough, located approximately 30 miles west of Boston. The facility will feature corporate offices, research and development labs and manufacturing space. The move is also expected to bring about 200 new tech and advanced manufacturing jobs to Massachusetts. Atlantic Management is developing the facility, which is slated for completion in 2021.

November 7, 2019

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Arranges Sale of 94-Unit Self-Storage Facility in Pinehurst, Texas

by Taylor Williams November 7, 2019

PINEHURST, TEXAS — Marcus & Millichap has arranged the sale of United Storage, a 94-unit self-storage facility in Pinehurst, located about 50 miles northwest of Houston. The property spans 20,960 square feet. Dave Knobler and Casey Kral of Marcus & Millichap represented the seller, a private investor, in the transaction. An undisclosed buyer, also a private investor, purchased the asset.

November 7, 2019

Development Illinois Industrial Midwest

Conor Commercial Completes Development of Two-Building Industrial Property in Elgin, Illinois

by Kristin Harlow November 7, 2019

ELGIN, ILL. — Conor Commercial Real Estate and partner Globe Corp. have completed development of Northwest Pointe III in Elgin. The project consists of two buildings spanning a combined 349,080 square feet. The property marks Conor’s third development within the Northwest Corporate Park. The site is located 1.5 miles from the Randall Road four-way interchange, which provides access to I-90. The buildings each feature a clear height of 32 feet, 20 dock doors and two drive-in doors. McShane Construction Co. was the general contractor and Ware Malcomb was the architect.

November 7, 2019

Fourth-Street-Distribution-Center-Rancho-Cucamonga-CA

Acquisitions California Industrial Retail Western

Bridge Development Partners Buys Fourth Street Distribution Center in Inland Empire for $191.1M

by Amy Works November 7, 2019

RANCHO CUCAMONGA, CALIF. — Bridge Development Partners has acquired Fourth Street Distribution Center, a 1.4 million-square-foot distribution/fulfillment center and a 23,240-square-foot retail building in Rancho Cucamonga. West Coast Liquidators sold the asset for $191.1 million. Originally developed in 1984, the asset is situated on 91.4 acres at 12434 Fourth St. in the Inland Empire West submarket. Mark Detmer, Bo Mills, Ryan Sitov, Sharon Wortmann, Mike McCrary and Peter McWilliams of JLL represented the seller in the deal. Additionally, Brian Torp, Kevin MacKenzie and Brian Halpern of JLL Capital Markets arranged $200 million in bridge financing to fund the acquisition for the buyer.

November 7, 2019

Acquisitions Colorado Industrial Western

CBRE Negotiates Sale of 633,193 SF Distribution Portfolio Near Denver Airport

by Amy Works November 7, 2019

AURORA AND COMMERCE CITY, COLO. — CBRE has arranged the sale of the Denver Distribution Portfolio, a three-building industrial portfolio located in Denver’s Airport submarket. A confidential investment firm sold the asset to Bethesda, Md.-based ASB Investment Management for an undisclosed price. The portfolio includes a 406,959-square-foot facility at 22100 E. 26th Ave. in Aurora, an 85,604-square-foot building at 18300 E. 28th Ave. in Aurora and a 140,630-square-foot property at 9410 Heinz Way in Commerce City. The 633,193-square-foot portfolio is fully leased to Subaru of America, Old West Mattress Co. and a national retailer. Constructed between 2000 and 2007, the three buildings feature dock-high and drive-in loading, ESFR sprinklers and 28-foot to 32-foot clear heights. Additionally the portfolio includes trailer parking, outdoor storage, covered loading and BNSF rail service. Jim Bolt, Tyler Carner and Jeremy Ballenger of CBRE represented the seller in the transaction.

November 7, 2019

Data Centers Development Georgia Industrial Southeast

QTS Realty to Expand Data Center Near Downtown Atlanta

by Alex Tostado November 6, 2019

ATLANTA — QTS Realty Trust has begun its data center expansion in Atlanta’s Knight Park/Howell Station neighborhood. The expansion will span 250,000 square feet and be located adjacent to QTS’ existing data center at 1033 Jefferson St. NW, four miles from downtown Atlanta. QTS plans to deliver Phase I of the expansion in mid-2020. QTS has signed a lease with an undisclosed anchor tenant that will consume 12 megawatts of power as part of its lease terms The existing building comprises 970,000 square feet, has more than 250 customers and provides access to more than 2,000 cross connects and more than 200 network, IT and cloud providers.

November 6, 2019

Development Industrial South Carolina Southeast

Magnus Development Breaks Ground on 180,000 SF Building Within Lexington County Industrial Park in Columbia

by Alex Tostado November 6, 2019

COLUMBIA, S.C. — Magnus Development Group has broken ground on Midway Logistics V, a 180,000-square-foot industrial building within Lexington County Industrial Park (LCIP) in Columbia. Kardex Remstar, a Swiss automated storage and retrieval solutions supplier, will fully occupy the building upon completion, which is slated for second quarter 2020. The new property will include 50-foot bay spacing, energy-efficient LED motion detection lighting, a 60-millimeter TPO roof, eight dock doors, 20 future knock out dock doors, two 16-foot-by-16-foot drive-in doors and a private 130-foot truck court for receiving and shipping. Magnus Development has developed all five building within LCIP, most recently breaking ground on Midway Logistics IV in March.

November 6, 2019

Development Industrial Midwest Ohio

Crocs Opens 550,000 SF Distribution Center in Dayton, Ohio

by Kristin Harlow November 6, 2019

DAYTON, OHIO — Crocs Inc., a casual footwear company, has opened a new 550,000-square-foot distribution center in Dayton. The facility will serve as the company’s main distribution center in the United States and Canada and replaces a facility located near Los Angeles. The Dayton facility is approximately 40 percent larger than the Los Angeles facility. The larger property, in combination with the central location, will significantly increase speed-to-market capabilities for wholesale customers and e-commerce consumers, according to Crocs. The company is expected to employ more than 150 full-time employees at the site.

November 6, 2019

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