ARLINGTON, TEXAS — NAI Robert Lynn has secured a 36,450-square-foot industrial/office lease at 640 107th St. in Arlington. Michael Stanzel of NAI Robert Lynn represented the landlord in the lease negotiations. George Curry and Blake Rogers of JLL represented the tenant, Incab America LLC, a Georgia-based manufacturer of fiber optic cable.
CONWAY, S.C. — Frampton Construction Co. LLC has broken ground on a 46,028-square-foot manufacturing facility located within Atlantic Center in Conway, roughly 15 miles northwest of Myrtle Beach. Agracel Inc. is developing the project, which will be leased to Teknoware, a Finnish manufacturer of interior lighting systems for commercial vehicles. In addition to manufacturing space, the building will include 5,000 square feet of office space. The project is slated for a May 2018 completion.
DES PLAINES, ILL. — American Louver Co. has signed a 127,800-square-foot industrial lease in Des Plaines, a northwestern suburb of Chicago. The manufacturer of plastic products will occupy the space at 100 E. Howard Ave. Denise Chaimovitz of Paine Wetzel represented the tenant in the lease transaction. Kevin Segerson and Matt Mulvihill of CBRE represented the landlord, ML Realty Partners.
GREENWOOD, IND. — Earnest Machine Products Co. has signed a 55,800-square-foot industrial lease at SouthPoint Business Park in Greenwood, about 15 miles south of Indianapolis. The bolts and fasteners manufacturer for the heavy equipment industry will occupy the space within Building A. Steve Beals and Richard King III of Lee & Associates represented the tenant in the lease transaction. Jason Speckman of Colliers International represented the landlord, Shear GW2 LLC.
RENO, NEV. — AEW Capital Management has purchased a 1 million-square-foot industrial portfolio in Reno for $93.2 million. The six-building portfolio is located at 875 and 895 E. Patriot Blvd., 450 Maestro Drive, 7525 Colbert Drive, 3450 Airway Drive and 5555 Quail Manor Court. The buildings were constructed in four phases between 1997 and 2001. The portfolio is fully occupied. AEW represented itself in this transaction, while NKF represented the seller, Barings Real Estate Advisers.
HOUSTON — First Industrial Realty Trust Inc. has broken ground on First 290 @ Guhn Road, a 126,250-square-foot distribution center located at 6913 Guhn Road in northwest Houston. The front-load facility will feature 32-foot clear heights, an ESFR sprinkler system, 185-foot truck court, 137 parking stalls and up to 46 trailer stalls. Completion is slated for summer 2018. Stream Realty Partners will handle leasing of the facility.
TAMPA, FLA. — JLL has arranged the sales of two build-to-suit industrial facilities located within Crossroads Commerce Center in Tampa. The seller, Blue Steel Development LLC, acquired 71.5 acres within Crossroads Commerce Center in 2016 to develop both facilities. Ryan Vaught, John Dunphy and Robyn Hurrell of JLL represented Blue Steel in both transactions. NewSouth Window Solutions, a replacement window and door provider, acquired a 238,094-square-foot build-to-suit facility for $14.3 million, and Colonial Grocers, a wholesale grocery distributor, purchased a 112,800-square-foot facility for $7.5 million. Gary Godsey and Caleb Lewis of JLL represented Colonial Grocers in the transaction. With the completion of these sales, Crossroads Commerce Center is 50 percent sold and occupied. Blue Steel has build pads for two additional buildings within the park, one totaling 215,434 square feet and the other totaling 77,760 square feet.
CHARLOTTE, N.C. — HFF has arranged the sale of a 232,000-square-foot distribution warehouse located at 6100 Harris Technology Blvd. in Charlotte. The building is located within Northwoods Business Park, roughly 10 miles from Uptown Charlotte. The sales price was not disclosed, but the Charlotte Business Journal reports the asset sold for $19.4 million. Chris Norvell, Ryan Clutter and Patrick Nally of HFF arranged the transaction on behalf of the seller, Sun Life Financial/Bentall Kennedy. Hartz Mountain Industries Inc. purchased the building. Constructed in 1994, the warehouse features 24-foot clear heights, truck courts up to 170 feet, 34 loading doors and an ESFR sprinkler system. At the time of sale, the warehouse was fully leased to three tenants, including Iron Mountain, a Boston-based information management services company.
MOUNT PROSPECT, ILL. — Avison Young has brokered the sale of a 190,000-square-foot industrial portfolio in Mount Prospect within Chicago’s O’Hare submarket. The sales price was not disclosed. The four-building portfolio is 97 percent leased to tenants such as EPP Corp., Nikuni America and Lapmaster International. The buildings include: 501 Algonquin Road (62,344 square feet), 401-411 West Algonquin Road (15,278 square feet) and 1840-1864 and 1870-1894 South Elmhurst Road (56,182 square feet in each complex). Erik Foster and Mike Wilson of Avison Young represented the seller, Clear Height Properties. The buyer was not disclosed.
LOGAN TOWNSHIP, N.J. — Kenco Logistics has signed a lease to occupy space at 395 Pedricktown Road, a storage and distribution facility located at Dermody Properties’ LogistiCenter at Logan Industrial Park in Logan. The company, which specializes in distribution and fulfillment, transportation management, material handling, real estate management and information technology, will utilize 401,008 square feet of the facility for storage and distribution of its customers’ products. Ware Malcomb provided architectural services and Blue Rock is serving as contractor for the tenant improvements. Kenco is expected to move into the building in January. A remaining 80,750 square feet of the building is available for lease. LogistiCenter at Logan is a 1,100-acre, master-planned Class A industrial park. Marc Isdaner, Mark Chubb and Michael Zerbe of Colliers International represented Dermody Properties, while Vincent Ranalli and William Goodwin of CBRE represented Kenco in the lease transaction.