Industrial

CTDI Signs 166,620 SF Industrial Lease in Pleasant Prairie, Wisconsin

by Kristin Harlow February 27, 2018

PLEASANT PRAIRIE, WIS. — CTDI has signed a 166,620-square-foot industrial lease at Majestic Badger Logistics Center in Pleasant Prairie, about 37 miles south of Milwaukee. The global engineering, repair and logistics company will occupy the space within the 424,164-square-foot Building 1. Features of this building include a clear height of 36 feet, ESFR sprinkler system, large truck courtyard, 292 car parking spaces and office space. CTDI is the first tenant within the industrial park, which is owned by Majestic Realty Co. John Morrissey of Jackson Cross Partners represented CTDI in the lease transaction.

February 27, 2018

Industrial Midwest Ohio

Combi Packaging Inks 156,000 SF Lease for Office, Manufacturing Headquarters in North Canton, Ohio

by Kristin Harlow February 27, 2018

NORTH CANTON, OHIO — Combi Packaging Systems LLC has signed a 156,000-square-foot lease at 6299 Dressler Road N.W. in North Canton, about 20 miles south of Akron. The facility will serve as Combi’s new corporate office and house its manufacturing, engineering and management departments. A joint venture company with 3M Packaging Systems Division and the MJ Maillis Group, Combi is a manufacturer of end-of-line packaging equipment. Herb Verderber of CBRE represented the tenant in the lease transaction. Sean Sanford of CBRE represented the landlord, One Whipple Co. LLC.

February 27, 2018

Indiana Industrial Lee & Associates Midwest

Lee & Associates Brokers Sale of 10,320 SF Industrial Building in Indianapolis

by Kristin Harlow February 27, 2018

INDIANAPOLIS — Lee & Associates has brokered the sale of a 10,320-square-foot industrial building in Indianapolis for an undisclosed price. The property is located at 5311 Commerce Circle. Cindy Hoskinson of Lee & Associates represented the seller, Eiker Investments LLC. George Dury of Dury Investment Group represented the undisclosed buyer.

February 27, 2018

Georgia Industrial Southeast

Colliers Brokers $11.4M Sale of Three-Building Industrial Portfolio in Metro Atlanta

by Camren Skelton February 26, 2018

CONYERS AND COVINGTON, GA. — Colliers International has brokered the $11.4 million sale of the I-20 East Portfolio, a three-building industrial portfolio located in Conyers and Covington. Two of the buildings are located at 1665 and 1715 Dogwood Drive in Conyers, roughly 25 miles east of Atlanta, and the third building is located at 11236 Harland Drive in Covington, roughly 35 miles southeast of Atlanta. Dennis Mitchell and Matt Wirth of Colliers arranged the transaction on behalf of the seller, First Industrial Realty Trust. Plymouth Industrial REIT acquired the buildings. The single-tenant portfolio was fully leased at the time of sale to three long-standing tenants: Bio-Lab Inc., Diversitech Corp. and Clarion Metals Corp.

February 26, 2018

Industrial North Carolina Southeast

Trinity Capital, SilverCap Sell 272,282 SF Industrial Building in Durham

by Camren Skelton February 26, 2018

DURHAM, N.C. — Trinity Capital Advisors, in a joint venture with SilverCap Partners, has sold 3508 Tricenter Blvd., a 272,282-square-foot industrial building in Durham. Dalfen America Corp. acquired the asset for an undisclosed price. Chris Norvell and Patrick Nally of HFF arranged the transaction on behalf of the joint venture, which originally acquired the asset in 2016 at 53 percent occupancy. Trinity and SilverCap implemented capital improvements during their ownership, including additional docks and storefront space, bringing the property to full occupancy. The building features 31 dock-high loading doors, 22-foot clear heights, a 150-foot truck court and parking space for 24 trailers. At the time of sale, the building was home to tenants such as Amcor Rigid Plastics and HatchBeauty Laboratories.

February 26, 2018

Industrial Massachusetts Northeast

Colliers Negotiates $4.5M Sale of Flex Building in Hopkinton, Massachusetts

by Amy Works February 26, 2018

HOPKINTON, MASS. — Colliers International has brokered the sale of a flex building located at 35 South St. in Hopkinton. LakePharma, a U.S.-based biologics company, acquired the property from BCC Property I LLC, a subsidiary of Midway Corp., for $4.5 million. The buyer plans to repurpose much of the building’s existing 69,009 square feet of office, lab and manufacturing infrastructure and develop the space to allow for the performance of GMP biologics manufacturing for Phase 1 clinical trials. John Carroll III, Stephen Woelfel Jr. and Kevin Brawley of Colliers represented the seller, while Phil Desimone of JLL represented the buyer in the transaction.

February 26, 2018

Industrial New York Northeast

Ariel Property Advisors Facilitates $3.7M Sale of Industrial Building in the Bronx

by Amy Works February 26, 2018

NEW YORK CITY — Ariel Property Advisors has brokered the sale of an industrial property located at 4510 White Plains Road in the Wakefield neighborhood of the Bronx. An undisclosed buyer acquired the two-story building sold for $3.7 million. The 29,029-square-foot building features four curb cuts and entrances. Additionally, the property is zoned M1-1, which allows for manufacturing use. Marko Agbaba, Jason Gold, Victor Sozio and David Khukhashvilli of Ariel Property Advisors represented the undisclosed seller and secured the buyer in the deal.

February 26, 2018

Industrial New Jersey Northeast

Global Transport Logistics Leases 253,575 SF of Industrial Space in Piscataway, New Jersey

by Amy Works February 26, 2018

PISCATAWAY, N.J. — Global Transport Logistics has leased 253,575 square feet of newly constructed warehouse and distribution space at 276 Old New Brunswick Road in Piscataway. The licensed air, ground and ocean freight forwarding company is relocating from Fair Lawn, New Jersey. The move will nearly double the third-party logistics company’s regional warehouse footprint. Noah Balanoff, Chuck Littell and Gregory Healy of Colliers International represented Global Transport, while JLL represented the landlord, Industrial Property Trust, in the transaction.

February 26, 2018

Industrial Texas

United States Cold Storage to Open $34M Warehouse in Denton

by Taylor Williams February 26, 2018

DENTON, TEXAS — United States Cold Storage (USCS), an operator of frozen food warehouses with 38 facilities across 13 states, will open a $34 million cold storage facility in Denton. According to the Denton Chamber of Commerce, the property will be situated on a 40-acre site on Jim Christal Road and will facilitate the creation of 67 new jobs. USCS recently closed on the land for the site but has not yet released a timeline for construction.

February 26, 2018

Industrial Lee & Associates Texas

Lee & Associates Negotiates 60,141 SF Industrial Lease Near DFW Airport

by Taylor Williams February 26, 2018

FORT WORTH, TEXAS — Lee & Associates has negotiated a 60,141-square-foot industrial lease at 15000 Grand River Road in Fort Worth, directly south of Dallas-Fort Worth (DFW) International Airport. Tom Walrich and Reed Parker of Lee & Associates represented the landlord, FRAPAG Riverpark DFW LLC, in the lease negotiations. Michael Swaldi and Craig Phelps of JLL represented the tenant, Pratt Corrugated Holdings Inc., an affiliate of packaging manufacturer Pratt Industries.

February 26, 2018

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