LYON TOWNSHIP, MICH. — Newmark Knight Frank (NKF) has arranged a 126,194-square-foot industrial lease for Hydrofarm in Lyon Township, which is located in central northern Michigan. The property, situated at 30104 Research Drive, features a clear height of 28 feet. Constructed in 1999, the warehouse originally served as a build-to-suit for Keebler Cookie Co. Geoffrey Kasselman and Geoff Hill of NKF represented Hydrofarm, a wholesaler and manufacturer of hydroponics equipment and high-intensity grow lights, in the lease transaction. Jon Savoy of Lee & Associates represented the undisclosed landlord.
Industrial
BROCKTON, MASS. — NAI Hunneman has arranged the sale of an industrial building located at 120 N. Main St. in Brockton. Brockton & Main LLC acquired the property for $2.6 million. The buyer plans to convert the property into a 75,000-square-foot fully climate-controlled self-storage facility. Over Osvold, Cathy Minnerly and Sean Hannigan of NAI Hunneman represented the seller, Micro Wire Products, and procured the buyer in the transaction. Additionally, the NAI Hunneman team represented Micro Wire in its relocation to an 18,000-square-foot sublease at 5 Year Road in Holbrook, Massachusetts.
BLUM, TEXAS — MYCON General Contractors has broken ground on a 57,000-square-foot manufacturing facility for DynaEnergetics, a supplier of oilfield products and an affiliate of Colorado-based metalworking firm DMC Global Inc. The facility will be located in Blum, about 50 miles south of Fort Worth. Completion is slated for mid-summer.
DALLAS — Holt Lunsford Commercial has secured a 135,405-square-foot industrial lease at 8801 Autobahn Drive in south Dallas. Canon Shoults and John Gorman of Holt Lunsford represented the landlord, TA Associates. Michael Chiocca of CBRE represented the tenant, custom cabinet manufacturer Sunrise Wood Designs LLC.
RENO, NEV. — Dermody Properties has started construction of LogistiCenter at 395 Phase II in the North Valleys of Reno. The building will add 436,368 square feet, bringing the total square footage of LogistiCenter at 395 Phase II to more than 1.1 million square feet. The project is slated for completion this September. The 130-acre, master-planned industrial business park will then be home to three buildings totaling more than 1.6 million square feet. The new building will feature a 36-foot clear height and parking, including 378 car stalls and 203 trailer stalls. The entire building is available for lease. Eric Bennett and Gordon Zack of CBRE are marketing the property. United Construction is the general contractor on the project. PCCP LLC is Dermody Properties’ strategic capital partner on the industrial park.
PHOENIX — Pristine Auction has completed construction on a 37,000-square-foot industrial facility at Spectrum Ridge Business Park in Phoenix. The facility is situated at the southeast corner of 7th Street and Deer Valley Road. The new space will provide Pristine Auction with room for expansion and increased efficiency. The project includes increased areas for inventory and product input. It was designed with a large executive balcony overlooking the surrounding mountain landscapes. The total project cost more than $4 million, which Chase Bank financed. Eric Bell and Mike Ciosek of Kidder Mathews handled the site selection and building transaction for the online sports memorabilia company. Wes Balmer Architects designed the property, which Sun State Builders constructed.
GRAND PRAIRIE, TEXAS — A joint venture between aircraft manufacturer Airbus Helicopters and French aerospace firm Thales Group will develop and operate a $40 million training facility at Airbus Helicopter’s headquarters in Grand Prairie. The facility will have the capacity to train several thousand pilots and maintenance personnel per year. It will also house the flight simulator for the H160, the latest helicopter model being developed by Airbus. A timetable for construction has not yet been established.
LAREDO, TEXAS — California-based Majestic Realty Co. will develop a 423,280-square-foot warehouse within Port Grande, a 1,992-acre, master-planned business park located in the south Texas city of Laredo. The project represents Phase II of development and follows the delivery of 366,080-square-foot building that still has 200,000 square feet available for lease. The new building will feature 32-foot clear heights, 120 dock-high doors, four ground-level doors, 242 trailer parking spaces and 208 automobile parking spaces. A firm timetable for construction has not yet been established.
FORT WORTH, TEXAS — Hunt Southwest will develop a 300,000-square-foot cold storage facility in southern Fort Worth. The property, which is being built on a speculative basis, will be located within Carter Industrial Park with convenient access to Interstates 35 West and 20. Features of the rail-served building will include 45-foot clear heights, LED lighting, ample automobile and trailer parking and the capacity to accommodate one or two tenants. Hunt Southwest expects to obtain a building permit in approximately two months and deliver the facility within nine months of starting construction.
HOUSTON — Levey Group, a Houston-based industrial developer, has signed an industrial lease with Omnisource, a processor and distributor of scrap metals. The tenant will occupy 48,276 square feet within Northwest Industrial Park, a 7.9-acre business park in Houston. The 64,850-square-foot, multi-tenant building that will house Omnisource features 32-foot clear heights, as well as dock-high and grade-level loading ramps.