Industrial

COPPELL, TEXAS — JLL has brokered the sale of a three-building, 578,000-square-foot flex portfolio located near Dallas-Fort Worth (DFW) International Airport in Coppell. The portfolio consists of a 409,600-square-foot distribution warehouse, a 115,200-square-foot production warehouse and a 53,600-square-foot office building. The buildings were all 100 percent leased at the time of sale. John Huguenard and Dustin Volz of JLL represented the sellers, affiliates of Torrance, Calif.-based Transpacific Development Co., in the transaction. Irvine, Calif.-based LBA Realty purchased the portfolio for an undisclosed price.

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COUNTRYSIDE, ILL. — Colliers International | Chicago has brokered the $6.3 million sale of a 161,591-square-foot warehouse in Countryside, about 20 miles southwest of Chicago. The property is located at 5300 Dansher Road. The warehouse features 19 docks, two drive-in doors and 8,200 square feet of office space. Fred Regnery and Jack Rosenberg of Colliers represented the seller, Value Industrial Partners LLC, in the sales transaction. Combined Warehouse purchased the asset. Colliers also arranged a 50,000-square-foot lease for Veepak, a distributor of health and beauty products, at the property.

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WARRENVILLE, ILL. — Brown Commercial Group has arranged the sale of a 39,375-square-foot industrial building located on Youghal Road in Warrenville, about 30 miles west of Chicago. The sales price was not disclosed. The D/C Group purchased the property to use as an ancillary location to better serve its customers. The warehouse and distribution company is headquartered in Elk Grove Village, Ill. Mike Antonelli of Brown Commercial represented the buyer in the sales transaction. Mike Magliano of Cushman & Wakefield represented the seller, a private investor.

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HUMBLE, TEXAS — Lee & Associates has negotiated a 112,021-square-foot industrial lease at 8575 Volta Road in Humble, a northern suburb of Houston. Thomas Leger, Robert McGee and Mike Spears of Lee & Associates represented the landlord, Cypressbrook Huntington Volta LLC, in the lease negotiations. Grady Tibbs of Brazos ML represented the tenant, Flexo Converters USA Inc., a manufacturer of custom-designed gift and shopping bags.  

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NEWARK, N.J. — HFF has arranged $16.2 million in financing for the development of a speculative industrial project at 256 Vanderpool St. in Newark. The borrower is a joint venture between Penford Group and Penwood Real Estate Investment Management, through its fourth value-added investment vehicle, Penwood Select Industrial Partners IV. Situated on 14.8 acres, the 290,063-square-foot building will feature 40-foot clear heights, 64 loading docks, 79 trailer stalls and 8,702 square feet of office space. Michael Klein and Matthew Pizzolato of HFF worked on behalf of the borrower to place the construction loan with Principal Real Estate Investors.

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DUNMORE, PA. — JLL has brokered the sale of Key Market Distribution Center, a two-building industrial portfolio located at 1026-28 Reeves St. in Dunmore. An affiliate of Equilibrium Equities sold the portfolio to The Silverman Group for $14.3 million. Situated on 21.1 acres, the 445,751-square-foot portfolio offers units ranging in size from 13,000 square feet to 210,000 square feet. At the time of sale, the property was fully occupied by a variety of tenants. John Plower, James Galbally, Brett Grifo, Chad Orcutt and Jeff Lockard of JLL represented the seller in the transaction.

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HANAHAN S.C. — West-Signal, a joint venture between an affiliate of North Signal Capital LLC and a fund managed by Westport Capital Partners LLC, has broken ground on a 340,000-square-foot industrial facility within North Pointe Commerce Park in Hanahan, roughly 15 miles northwest of Charleston. The partnership is developing the warehouse and production facility for Science Applications International Corp. (SAIC), a technology integrator in the engineering, technical and information technology markets. SAIC’s primary client is the U.S. federal government. The LEED-certified building will feature tilt-up concrete construction, 32-foot clear heights, an ESFR sprinkler system and LED lighting. The building will also have the capacity to expand an additional 74,000 square feet. Evans General Contractors will design and build the facility, and Bank of America is providing construction financing for the project. West-Signal expects to deliver the facility in the fourth quarter. The joint venture acquired three developable sites along North Pointe Industrial Boulevard — collectively referred to as North Pointe Commerce Park — in late 2017 and is developing each one. The project will ultimately add approximately 715,000 square feet of industrial space to the greater Charleston area. The first building within the park is slated for delivery in September. Peter Fennelly, …

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ARLINGTON, TEXAS — Rent the Runway, a New York City-based online clothing rental company, will open a 300,000-square-foot distribution center along West Bardin Road in Arlington, according to the City of Arlington. Development of the facility, which is slated to open at the end of the year, is expected to create an additional 600 construction jobs over the next 12 months. A general contractor has not yet been named to the project, which represents Rent the Runway’s second distribution center in the United States, the first being located in Secaucus, N.J.

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MERIDEN AND CHESHIRE, CONN. — NKF Capital Markets has arranged the sale of a three-asset industrial portfolio in Meriden and Cheshire. A financial institution sold its 100 percent interest in the 788,000-square-foot portfolio to Sky Management Services for an undisclosed price. The portfolio includes a 241,000-square-foot facility located at 160 Corporate Court in Meriden that is fully occupied by Sports Direct; a 338,000-square-foot property located at 550 Research Parkway in Meriden that is leased by Medline Industries; and a four-building, 209,000-square-foot industrial complex located at 611-617 W. Johnson Ave. in Cheshire. Kevin Welsh, Brian Schulz and Jason Emrani of NKF Capital Markets, along with Matt O’Hare of CBRE, represented the seller in the deal. Additionally, Jordy Roeschlaub, Dustin Stolly and Robert Tonnessen of NKF Capital Markets’ Debt & Structured Finance secured acquisition financing for the purchase.

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HOUSTON — NAI Partners has negotiated an industrial lease at 8301 W. Monroe Road near William P. Hobby Airport in southeast Houston. The tenant, IPS Pump Services Inc., will occupy 22,719 square feet. Jake Wilkinson and Darren O’Conor of NAI Partners represented the landlord, Lawrence Investments LLC, in the lease negotiations.

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