Industrial

Berkeley Partners Sells 1 MSF Industrial Portfolio in DFW Area

by Taylor Williams June 15, 2018

DALLAS — San Francisco-based investment firm Berkeley Partners has sold seven industrial properties in the Dallas-Fort Worth (DFW) area totaling approximately 1 million square feet. The warehouse and light industrial assets encompass 28 buildings and are part of an 11-property portfolio that was 87 percent leased at the time of sale. Adam Herrin, Stephen Bailey, Chris Norvell and Ralph Smalley of HFF represented Berkeley Partners in the sale. A partnership between California-based private equity firm Circle Industrial and international investment firm FREO Group purchased the properties for an undisclosed price.

June 15, 2018

Acquisitions Industrial Massachusetts Northeast

Kelleher & Sadowsky Negotiates $5.1M Sale of Industrial Facility in Massachusetts

by David Cohen June 14, 2018

STERLING, MASS. — Kelleher & Sadowsky has negotiated the sale of 16 Chocksett Road, an industrial facility in Sterling. The asset traded for $5.1 million. Donald Mancini and Jim Egan of Kelleher & Sadowsky represented the seller, The Cycles 2003 Realty Trust, in the transaction. The Stubblebine Company/CORFAC International represented the buyer, Biomedical Polymers, a global manufacturer of plastic products for research and medical diagnostic laboratories. The property includes four loading docks and 7,000 square feet of office space on 7.7 acres.

June 14, 2018

Acquisitions Georgia Industrial Southeast

Avison Young Brokers $9M Sale of 130,250 SF Warehouse in Metro Atlanta

by Camren Skelton June 14, 2018

KENNESAW, GA. — Avison Young has brokered the $9 million sale of 3075 Chastain Meadows Parkway, a 130,250-square-foot warehouse in the northwest Atlanta suburb of Kennesaw. Brent Weitnauer, Chip Watson and Ben Parker of Avison Young arranged the transaction on behalf of the seller, Suzuki. Exeter 3075 Chastain Meadows LLC, an affiliate of Exeter Property Group, acquired the asset. The building has the capability to expand by an additional 2.9 acres.

June 14, 2018

Development Industrial Texas

Crow Holdings Breaks Ground on 349,050 SF Distribution Center in Houston

by Taylor Williams June 14, 2018

HOUSTON — Crow Holdings Industrial, the industrial development arm of Dallas-based Crow Holdings, has broken ground on Victory Commerce Center, a 349,050-square-foot distribution center in Houston. The tilt-wall property will feature 32-foot clear heights, 185-foot truck courts and additional outside storage space. The property is located on the city’s southeast side, near Port Houston, Beltway 8 and State Highway 225. Delivery is slated for the first quarter of 2019.

June 14, 2018

Acquisitions Industrial Texas

Mitchell Asset Group Acquires 320,672 SF Industrial Portfolio in Texas

by Taylor Williams June 13, 2018

DALLAS, SAN ANTONIO AND LUBBOCK, TEXAS — Fort Worth-based Mitchell Asset Group Inc. has acquired a 320,852-square-foot industrial portfolio from private equity firm Pacific Avenue Capital Partners. The properties include a 136,882-square-foot facility located at 11100 Plano Road in Dallas; a 104,000-square-foot asset located at 3101 Aniol St. in San Antonio; and a 79,790-square-foot building located at 1919 Avenue E in Lubbock. The properties were acquired in a sale-leaseback transaction for an undisclosed price. Walker & Dunlop arranged debt for the acquisition through UBS.

June 13, 2018

Development Industrial Texas

IGX to Develop 350,000 SF Industrial Building in San Antonio

by Taylor Williams June 13, 2018

SAN ANTONIO — Schertz, Texas-based Industrial Group Southwest (IGX) will develop a 350,000-square-foot industrial building in San Antonio. The development marks Phase I of Brooks Business Park, a six-building project on the city’s south side that will ultimately deliver about 1.1 million square feet of industrial space. Buildings will range in size from 30,000 to 600,000 square feet. The initial 350,000-square-foot building is expected to be complete before year’s end.

June 13, 2018

Acquisitions Illinois Industrial Midwest

Binswanger Brokers Sale of 1 MSF Distribution Center in Marion, Illinois

by Kristin Harlow June 13, 2018

MARION, ILL. — Binswanger has brokered the sale of a 1 million-square-foot distribution center in Marion in southern Illinois. The sales price was not disclosed. The Class A facility is located on 72 acres at 1100 Glen Clarida Drive. The building, originally constructed in 1999, underwent an expansion in 2004 and a renovation in 2013. Clear heights range from 32 to 37 feet. Zach Binswanger of Binswanger represented the seller in the transaction. Neither the buyer nor the seller was disclosed.

June 13, 2018

Industrial Leasing Activity Midwest Wisconsin

Colliers Negotiates 534,384 SF Industrial Lease Renewal for Arvato in Southeast Wisconsin

by Kristin Harlow June 13, 2018

PLEASANT PRAIRIE, WIS. — Colliers International has negotiated a 534,384-square-foot industrial lease renewal on behalf of Arvato Digital Services in Pleasant Prairie, approximately 37 miles south of Milwaukee. Located at 11500 80th Ave., the property features 20,000 square feet of office space, 40 exterior docks, four drive-in doors and a clear height of 32 feet. CenterPoint has owned the property since 2009. Fred Regnery and Jack Rosenberg of the Chicago office of Colliers represented Arvato in the lease transaction. Arvato distributes consumer products to retail store distribution centers as well as directly to consumers.

June 13, 2018

Oakdale-Logistics-Center-Grand-Prairie-Texas

Development Industrial Texas

CT Realty, Port Logistics Break Ground on 401,577 SF Industrial Facility in Metro Dallas

by Taylor Williams June 12, 2018

GRAND PRAIRIE, TEXAS — A partnership between California-based CT Realty and Texas-based Port Logistics Realty has broken ground on Oakdale Logistics Center, a 401,577-square-foot industrial facility in Grand Prairie. The Class A warehousing and distribution facility will feature a cross-dock configuration, 175 dock-high doors, 32-foot clear heights and 185-foot truck court depths. Completion of the project, which marks the third collaboration between the two firms in the Dallas-Fort Worth (DFW) metroplex, is slated for the first quarter of 2019.

June 12, 2018

Acquisitions California Industrial Western

VRS International Acquires 38,900 SF Industrial Building in California for $6.5M

by Amy Works June 12, 2018

CARLSBAD, CALIF. — Carlsbad-based VRS International has purchased an industrial building, located at 1958 Kellogg Ave. in Carlsbad. Bend, Ore.-based Canard Add* Ventures sold the property for $6.5 million. The 38,900-square-foot industrial building features a two-story lobby, heavy power and fenced yard. Kelly Nicholls of Lee & Associates – North San Diego County represented the seller and buyer in the deal.

June 12, 2018

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