WARREN, MICH. — Anytime Restoration Service Inc. has signed a 10,500-square-foot industrial lease in Warren. The disaster restoration company that specializes in both commercial and residential projects involving water, fire and mold cleanup will occupy the space at 6655 Chicago Road. Matthew Farrell and Kevin Tamer of CORE Partners represented the tenant in the five-year lease transaction. Brad Hitch of Deco Properties represented the undisclosed landlord.
Trade and politics are nothing new for El Paso, Texas and its sister city Ciudad (Cd.) Juarez, Mexico. The history of the region is rooted in the interrelationship between two countries, three states and a trading route that originally ran from Mexico City to Santa Fe along the Camino Real. Today, international trade and political fights from elsewhere still have a considerable influence on what locals are talking about. But the regional industrial market continues to thrive by staying well below the radar. Despite concerns of imminent steel tariffs, restructuring of North American Free Trade Agreement (NAFTA) and the construction of an expanded border wall, the regional industrial economy keeps humming along, bringing the real estate market along with it. For industrial real estate tenants, the lure of a globally competitive workforce in Cd. Juarez and a link to the U.S. transportation infrastructure in El Paso makes this region a beacon for industrial users across the world. Triangle of Trade Take a two-hour drive along the loop highway circling El Paso, Cd. Juarez and Santa Teresa, New Mexico, and you will find an eye-opening list of international companies with industrial footprints. Foxconn from Taiwan, Polygroup from China, Bosch from Germany …
KYLE, TEXAS — Dallas-based Hillwood Properties and Austin-based HPI Real Estate Services will develop Hays Commerce Center, a 400,000-square-foot industrial development situated on 108 acres in Kyle, a southern suburb of Austin. The property, which will be located along the Interstate 35 corridor near Austin-Bergstrom International Airport, is being developed on a speculative basis. Construction of Building I, a 220,000-square-foot asset, is expected to be complete by the fourth quarter.
GARLAND, TEXAS —Stream Data Centers, the Dallas-based data center arm of Stream Realty Partners, will develop DFW VII, a 400,000-square-foot data center campus in Garland. The first phase will deliver a 140,000-square-foot, expandable data center that is slated for completion late this year. The campus will be situated on 22.6 acres on Lookout Drive and feature two 40 MW utility feeds.
IRVING, TEXAS — A partnership between Dallas-based development firm Jackson-Shaw and Boston-based investment firm GID has broken ground on Parc SouthWest, a 292,700-square-foot industrial project in Irving. Situated on 28 acres, the Class A development will consist of two buildings totaling 112,200 and 180,500 square feet. Parc SouthWest will be marketed to tenants seeking 20,000- to 60,000-square-foot spaces with 30- to 32-foot clear heights and abundant trailer storage and car parking. Ridgemont Commercial Construction is serving as general contractor for the project, which is slated for a fourth-quarter completion. GSR Andrade is designing the property, and Stream Realty Partners will lease and manage it.
MIAMI — Weiss Realty has arranged the relocation of Hard Ten Tree Shirt Cos.’ production operations from Brooklyn, N.Y., to Miami. The one-story industrial building is located at 3360 N.W. 110th St. Jaime Weiss of Weiss Realty, along with Fred Meyer of NAI Mertz and Mike Waite of The Easton Group, arranged the 10-year, 47,000-square-foot lease on behalf of Hard Ten. Edison Vasquez of Com-Real Miami-Doral represented the landlord, Calico 2017 LLC. The T-shirt company will move into the new space this spring.
GREENWOOD, NEB. — Byrne & Jones Construction Co. has completed a new asphalt plant in Greenwood, about 20 miles northeast of Lincoln. CMI Roadbuilding Inc., an asphalt plant supplier, assisted with the project. The property is located on eight acres at 13801 238th St. with close proximity to the highway. The St. Louis-based civil site contractor opened an office in Gretna, Neb. in 2014 to provide asphalt and concrete paving services to commercial, retail and institutional customers. The office serves clients in Omaha, Lincoln, southeast Nebraska and surrounding areas. Within the past year, Bryne & Jones has completed a number of asphalt projects in Nebraska, including projects for CarMax, Lowe’s and Lincoln Crossing Shopping Center.
SACRAMENTO, CALIF. – Carter Validus Mission Critical REIT II (CV Mission Critical REIT II) has purchased the Rancho Cordova Data Center Portfolio for $51 million, excluding acquisition fees and costs. Located in Sacramento, the portfolio consists of two single-story facilities: a 69,048-square-foot turnkey colocation data center, located at 11085 Sun Center Drive, and a 63,791-square-foot, multi-tenant wholesale data center, located at 3065 Gold Camp Drive. At the time of sale, the portfolio was 82.4 percent occupied. Michael Hochanadel, Raul Saavedra and Jake Wagner of JLL represented the seller, Digital Realty Trust, in the deal.
TUKWILA AND KENT, WASH. – Colliers International has arranged the sale of a two-building industrial portfolio located in Tukwila and Kent, two southern suburbs of Seattle. LBA Realty purchased the portfolio from a private investor for $14.5 million. The portfolio includes the 72,882-square-foot Andover Park East, located at 720-790 Andover Park E. in Tukwila, and the 30,000-square-foot Allied Building, located at 19130 84th Ave. S. in Kent. Bill Condon and Matt McGregor of Colliers represented the seller and procured the buyer in the deal.
BAYTOWN, TEXAS — Houston-based E.E. Reed Construction LP has completed a 712,740-square-foot warehouse/distribution center situated on 170 acres in the eastern Houston suburb of Baytown. Built on behalf of Ravago Americas, a supplier of rubber and plastic, the property features a tilt-wall configuration, 30,000 square feet of office space, a 200-car railyard and a truck maintenance facility. Houston-based Powers Brown Architecture designed the property.