Industrial

Sealy & Co. Purchases 601,829 SF Distribution Facility in Suburban Kansas City

by Kristin Harlow September 25, 2018

OLATHE, KAN. — Sealy & Co. has purchased a 601,829-square-foot distribution facility in Olathe, a suburb of Kansas City. The purchase price was not disclosed. The building, situated on 40 acres at 22101 W. 167th St., is fully leased to FedEx and Bushnell. The property features a clear height of 32 feet, 128 dock doors, two drive-in doors and office space. Adam Herrin, Stephen Bailey and Sean Fogarty of HFF, along with Dan Jensen of Kessinger/Hunter & Co. LC brokered the transaction. Sun Life Assurance Co was the seller.

September 25, 2018

Development Illinois Industrial Midwest

Morgan/Harbour Completes Two Spec Warehouses Totaling 560,000 SF in Illinois Industrial Park

by Kristin Harlow September 25, 2018

FRANKLIN PARK, ILL. — Morgan/Harbour Construction has completed two speculative warehouses on behalf of CenterPoint Properties at CenterPoint Logistics Center O’Hare in Franklin Park. One of the buildings totals 225,891 square feet and features a clear height of 32 feet, 50 exterior docks and parking for 68 trailers. The other building totals 333,696 square feet and features a clear height of 36 feet, 92 exterior docks and parking for 76 trailers. Cornerstone Architects provided architectural services, while Spaceco Inc. was the civil engineer. James Estus of Colliers International is marketing the properties for lease.

September 25, 2018

Plastic-Bagging-and-Packaging-Inc.-Houston

Development Industrial Texas

Trammell Crow Breaks Ground on 519,224 SF Distribution Center in Houston

by Taylor Williams September 25, 2018

HOUSTON — Trammell Crow Co. (TCC) has broken ground on a new, 519,224-square-foot distribution center in Houston for international supplier Plastic Bagging & Packaging Inc. The Class A, rail-served facility, which will ultimately be capable of processing up to 70 tons of resin per hour, will be located within Cedar Port Industrial Park on the city’s east side. Building features will include 32-foot clear heights, 60-foot speed bays and 8,000 square feet of office space. E.E. Reed is serving as general contractor for the project, which is slated for a summer 2019 completion.

September 25, 2018

Acquisitions Industrial Texas

ML Realty Partners Acquires 81,435 SF Industrial Building in Carrollton, Texas

by Taylor Williams September 25, 2018

CARROLLTON, TEXAS — ML Realty Partners has acquired an 81,435-square-foot industrial building located at 2908 Commodore Drive in Carrollton, a northern suburb of Dallas. The Class A building offers convenient access to Interstate 35 and State Highway 121. Michelle Hudson and Tom Hudson of Hudson Peters Commercial represented the undisclosed seller in the transaction and will handle leasing of the building for ML Realty Partners.

September 25, 2018

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Negotiates 136,825 SF Industrial Lease in Metro Dallas

by Taylor Williams September 25, 2018

GARLAND, TEXAS — Lee & Associates has negotiated a 136,825-square-foot industrial lease at 2901 W. Kingsley Road in Garland, a northeastern suburb of Dallas. Nathan Denton of Lee & Associates represented the tenant Alliance Glazing, which does finish-outs of storefronts and façades, in the lease negotiations. Chris Stout and Randy Touchstone of JLL represented the landlord, Boston-based STAG Industrial. The tenant will relocate from its current space in Irving on November 1.

September 25, 2018

Industrial Leasing Activity Nevada Western

S&S Activewear Leases 802,113 SF Industrial Facility in Reno

by Amy Works September 25, 2018

RENO, NEV. — S&S Activewear has signed a lease for an industrial facility at North Valleys Commerce Center in Reno. The national wholesaler of imprintable apparel will occupy the 802,113-square-foot property located at 9550 N. Virginia St., Building D. The company also plans to hire approximately 350 employees for the facility, which is owned and operated by CP Logistics NVCC II, a joint venture between CALSTERS and Panattoni Development Co. Michael Nevis, Michael Hoeck, Steve Kucera and Tim Gunsten of Kidder Mathews represented the landlord in the lease transaction.

September 25, 2018

Acquisitions Industrial Texas

Riverfront Properties Sells 40,353 SF Industrial Asset in Greater Dallas

by Taylor Williams September 25, 2018

CARROLLTON, TEXAS — Riverfront Properties LP has sold a 40,353-square-foot industrial asset located at 1325 Capital Parkway in Carrollton, located on the northern outskirts of Dallas. According to LoopNet Inc., the property was built in 1982 and includes a portion of office space. Brian Pafford of Bradford Commercial Real Estate Services represented Riverfront in the sale. Huntly Luna of NAI Robert Lynn represented the buyer, Roane Property Holdings LLC.

September 25, 2018

Acquisitions California Industrial Western

Cushman & Wakefield Brokers $12M Sale of Benicia Industrial Park in California

by Amy Works September 25, 2018

BENICIA, CALIF. — Cushman & Wakefield has arranged the sale of Benicia Industrial Park in South Solano County. Benicia Partners sold the property to Sarkissian Trust for $12 million. Located at 5500 E. Second St. in Benicia, the property features 63,108 square feet of flex and R&D space. At the time of sale, Bio-Rad Laboratories fully occupied the building. Brooks Pedder, Douglas Longyear and Tony Binswanger of Cushman & Wakefield’s Walnut Creek, Calif., and San Francisco offices represented the buyer and seller in the deal.

September 25, 2018

Development Industrial Texas Top Stories

Coca-Cola Bottler to Break Ground on $250M Plant in Houston

by John Nelson September 25, 2018

HOUSTON — Coca-Cola Southwest Beverages (CCSWB), a Dallas-based subsidiary of Mexican Coca-Cola bottler Arca Continental, is breaking ground today on its new $250 million production and distribution facility in Houston. The new facility will be the first new Coca-Cola plant built in the United States in a decade. Situated within Pinto Business Park, the 1 million-square-foot facility will include manufacturing with five new production lines, distribution, warehouse and sales. Pinto Business Park is a Hines-owned campus spanning 971 acres in northwest Houston. “Coca-Cola has been a part of the greater Houston community for more than 100 years,” says Mark Schortman, president and CEO of CCSWB. “Since opening our first facility in 1902, consumer dynamics have changed and the population in the Houston metro area has increased tremendously. We need to expand and grow our production facility to invest in the future and provide our wide variety of beverages.” In May, after a little over a year of becoming the first Latin American bottler to operate within the U.S. Coca-Cola network, Arca Continental announced the new facility, which is one of the largest current capital investments in Texas by a Mexican company. “The projected investment for this facility reflects our long-term …

September 25, 2018

Acquisitions Industrial New Jersey Northeast

JLL Negotiates $3.6M Sale of Flex Facility in Somerset, New Jersey

by David Cohen September 24, 2018

SOMERSET, N.J. — JLL has negotiated the $3.6 million sale of a 41,000-square-foot flex facility in Somerset. Located at 21 Worlds Fair Drive, the property includes 11,215 square feet of office space. The warehouse portion of the facility features 18-foot ceiling heights, five loading docks and one drive-in door. Chad Hillyer and Brian Golden of JLL represented the buyer, The Silverman Group, in the transaction. The seller was undisclosed. JLL will serve as leasing agents for the building.

September 24, 2018

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