CARROLLTON, TEXAS — American Tile & Stone has signed a 58,296-square-foot industrial lease extension at Luna Distribution Center, a 1.3 million-square-foot development in Carrollton, a northern suburb of Dallas. George Billingsley of Billingsley Co. represented the landlord on an internal basis. Ryan Boozer with Stream Realty Partners represented the tenant.
GOODYEAR, ARIZ. — New York-based Foundation Capital Partners and Chicago-based Baker Development Corp. have broken ground on VB/143, a two-building, Class A industrial project in Goodyear. Situated within a foreign trade zone magnet site, the project is slated for completion by fourth-quarter 2019. VB/143 will feature a 213,000-square-foot, cross-docked building and a 112,000-square-foot, rear-loading building. The project will offer divisibility down to 30,000 square feet and includes modern amenities, such as 36-foot clear heights, secured concrete truck courts, insulated dock doors, energy-efficient clerestory windows, robust power, trailer drops, public transportation and outdoor employee amenity spaces. The property will be located at the southeast and southwest corners of 143rd Avenue and Van Buren Street. The project team includes Layton Construction Co. as general contractor and Butler Design Group as architect. The project is situated within Goodyear Gateway South, a Class A, master-planned industrial park, less than one mile from a full interchange at Interstate 10 and Bullard Avenue, just north of Phoenix Goodyear Airport. The joint-venture developers have named Anthony Lydon, Marc Hertzberg and Riley Gilbert of JLL as the project’s exclusive leasing agents.
HANOVER PARK AND WILLOWBROOK, ILL. — ML Realty Partners has acquired two single-tenant industrial buildings in metro Chicago totaling 101,405 square feet. The first is 1565 Hunter Road in Hanover Park within the Central DuPage County submarket. The second is 7100 S. Madison St. in Willowbrook within the I-55 Corridor submarket. Both properties are fully leased. Jeffrey Devine and Steven Disse of Colliers International represented the undisclosed seller. The purchase price was not disclosed.
MADISON HEIGHTS, MICH. — Moghul Foods LLC has purchased a 28,339-square-foot industrial facility located at 32007-32011 Stephenson Highway in Madison Heights, a northern suburb of Detroit. The South Asian and Middle Eastern food distributor will move its operations from neighboring Troy. Garry Rogers and Jason Capitani of L. Mason Capitani CORFAC International brokered the sale. The seller and sales price were not disclosed.
PENNSAUKEN, N.J. — Colliers International has brokered the sale of five industrial buildings totaling 130,435 square feet in Pennsauken, an eastern suburb of Philadelphia. The buildings are located within the Pennsauken Industrial Park on Bethel Ave., including Buildings 841, 845, 851, 959 and 965. Ian Richman and Marc Isdaner of Colliers represented the undisclosed seller in the transaction. The team also represented the buyer, a private investor.
Until about six years ago, the Dallas-Fort Worth (DFW) industrial market was considered a second-tier market, lagging behind the likes of New York-New Jersey, Chicago and Los Angeles in terms of investor interest and demand. Today, the metroplex is not only holding its own with the traditional gateway markets, but in some cases surpassing them, thanks to growth from an exceptionally diverse group of tenants and industries. Natural population growth throughout North Texas has prompted stronger demand for industrial space across a range of user bases: e-commerce, global logistics, consumer products, building materials, pharmaceuticals, food, furniture, aviation. Some notable, six-figure leases that have been executed in the metroplex over the last 12 months and which reflect the diversity of tenant demand — as well as the geographic range of submarkets seeing strong activity — include the following: Smuckers (1.1 million square feet in south Dallas), furniture provider Steelcase (618,000 square feet in Carrollton), marketing firm Taylor Communications (232,000 square feet in south Dallas), ITW Food Equipment (184,000 square feet in Fort Worth), Alliance Glazing (137,000 square feet in Garland), Panoramic Doors (127,500 square feet in Fort Worth) and CEVA Logistics U.S. (100,000 square feet in Coppell). As these deals illustrate, …
COLUMBUS, OHIO — Spartan Logistics has signed a 257,962-square-foot industrial lease at 3100 Creekside in Columbus. The three-year lease brings the 340,000-square-foot property to 76 percent occupancy. Plymouth Industrial REIT Inc. owns the property. Spartan Logistics is a full-service, third-party logistics company providing transportation solutions throughout the United States and Canada. Spartan, which plans to use the facility for warehousing and distribution of personal care supplies, will take occupancy of the space in September. The company has several locations in Arkansas, Ohio and South Carolina.
SADDLE BROOK, N.J. — Leco Plastics Inc., a New Jersey-based manufacturer, has signed a 31,550-square-foot industrial lease in Saddle Brook, a western suburb of New York City. The building features 5,000 square feet of office space and 20-foot ceiling heights. Steven Leitner and Scott Perkins of NAI James Hanson represented the owner, Wilbur ’96 LLC, in the transaction.
ELMWOOD PARK, N.J. — NAI James Hanson has negotiated a 27,600-square-foot industrial lease for Best Value Kosher Foods in Elmwood Park, a western suburb of New York City. The space is located within 475 Mola Boulevard, a 45,000-square-foot building that features 7,000 square feet of office space, six loading docks and a fitness center. Jeff DeMagistris, Tom Vetter, and Tom Ryan of NAI James Hanson represented Best Value Kosher Foods in the lease negotiations. The NAI team also represented the owner, The Stro Companies.
OKLAHOMA CITY — CBRE has negotiated a 42,750-square-foot industrial lease renewal at 357 N. Harvard Ave. in Oklahoma City for HDG Products, an entity doing business as Hunton Distribution Group. David Portman of CBRE represented the landlord, Crow-Oklahoma #10, in the lease negotiations. The representative of the tenant was not disclosed.