Industrial

Bradford Commercial Arranges Sale of 38,500 SF Warehouse in Dallas

by Taylor Williams February 20, 2018

DALLAS — Bradford Commercial Real Estate Services has arranged the sale of a 38,500-square-foot warehouse located within Lone Star Business Park in Dallas. The property offers convenient access to Interstate 30 and downtown Dallas and features 3,376 square feet of office space, 23-foot clear heights and six loading docks. Joe Santaularia and Brock Wilson of Bradford Commercial represented the seller, 6 Brothers Realty Ltd. An affiliate of Dallas-based private equity firm Stonelake Capital Partners purchased the property for an undisclosed price.

February 20, 2018

Providence II Centerpointe Sells 60,431 SF Industrial Asset in San Diego for $8.8M

by Nellie Day February 20, 2018

SAN DIEGO — Providence II Centerpointe has sold a 60,431-square-foot flex industrial building in San Diego for $8.8 million. The building is located at 7720 Kenamar Court. The asset is fully leased to two tenants with long-term leases The buyer was 7720 Kenamar CT Holdings LLC. Colliers International represented Providence in the sale.

February 20, 2018

Industrial Northeast Pennsylvania

Avison Young Negotiates $6.6M Sale of Industrial Property in Metro Philadelphia

by Amy Works February 20, 2018

MALVERN, PA. — Avison Young has arranged the sale of an industrial property, located at 17 Lee Blvd. in Malvern, a suburb of Philadelphia. A private buyer acquired the building for $6.6 million. At the time of sale, the 58,594-square-foot flex building was fully leased by two tenants. Adam Gillespie and James Pasquarella of Avison Young brokered the transaction.

February 20, 2018

Industrial South Carolina Southeast

Miller-Valentine Breaks Ground on 200,000 SF Spec Industrial Building in Columbia

by Camren Skelton February 20, 2018

COLUMBIA, S.C. — Miller-Valentine Construction has broken ground on Midway Logistics III, a 200,000-square-foot speculative industrial building located in Columbia’s 350-acre Lexington County Industrial Park. Magnus Development Partners is developing the project. The building, designed for distribution and light manufacturing tenants, will feature 30-foot clear heights, LED lighting, an ESFR sprinkler system, 21 dock doors, two drive-ins and entries for tenant offices. In addition, the site is designed to allow for a shared dock apron to support a future distribution facility on an adjacent lot. The project is on a 30-week construction schedule. In November, Miller-Valentine completed construction on the nearby Midway Logistics II. Lexington County Industrial Park is home to tenants such as Husqvarna, JamPak, Home Depot and Republic National Distributing Co. Colliers International is handling leasing for Midway Logistics III.

February 20, 2018

Industrial Texas

CBRE Negotiates 10,800 SF Industrial Lease in Oklahoma City

by Taylor Williams February 19, 2018

OKLAHOMA CITY — CBRE has negotiated a 10,800-square-foot lease at 1845 W. Reno Ave. in Oklahoma City. Randy Lacey and Austin Lacey of CBRE represented the landlord, John R. Colbert Real Estate Holdings LLC. Irmon Gray of NAI Sullivan Group represented the tenant, Giant Oil Tools Ltd.

February 19, 2018

Industrial Nevada Western

Panattoni Buys North Las Vegas Land for 204,000 SF Industrial Park

by Nellie Day February 19, 2018

NORTH LAS VEGAS — Panattoni Development Co. has purchased a 10.4-acre parcel in North Las Vegas where it plans to build Centennial Corporate Park, a 204,000-square-foot industrial warehouse facility. The land purchase price was not disclosed, but the development is valued at $16 million, according to Panattoni. Centennial Corporate Park will feature cross-dock ware space with 32-foot clear height, ESFR sprinklers, LED warehouse lighting and flexible office build-outs. Construction is expected to begin this April, for completion in December 2018. Centennial Corporate Park is owned by Speedway 10 Industrial LLC, a joint venture between LaSalle Investment Management and Panattoni Development. The general contractor is Alston Construction. The streets are fully improved and offsite work is already completed, which will help crews to meet the aggressive construction schedule. Greg Tassi and Donna Alderson of CBRE will list the available space.

February 19, 2018

Industrial Michigan Midwest

Signature Associates Arranges Sale of 93,219 SF Industrial Building in Taylor, Michigan

by Kristin Harlow February 19, 2018

TAYLOR, MICH. — Signature Associates has arranged the sale of a 93,219-square-foot industrial building in Taylor, about 20 miles southwest of Detroit. The sales price was not disclosed. The property is located at 27000 Wick Road. Steve Gordon of Signature Associates represented the buyer, SCVR Holdings LLC. Brad Viergever, also of Signature Associates, represented the seller, MacLean Enterprises LLC.

February 19, 2018

Illinois Industrial Midwest

NKF Brokers Sale of 74,613 SF Industrial Property in Elgin, Illinois

by Kristin Harlow February 19, 2018

ELGIN, ILL. — NKF Capital Markets has brokered the sale of a 74,613-square-foot industrial property in Elgin, about 35 miles northwest of Chicago. The sales price was not disclosed. The building is located at 440 S. McLean Blvd. Advance Engineering Corp. (AEC) has fully occupied the property since 2006. AEC provides the natural gas industry with fabricated meter sets and piping. Adam Marshall and Boris Shraybman of NKF represented the seller, a private ownership group. Bryan Bartlett of Newmark Grubb Phoenix Realty Group represented the buyer, Plymouth Industrial REIT Inc.

February 19, 2018

Industrial Midwest Wisconsin

Meridian Completes 48,200 SF Warehouse Expansion for GE Healthcare in Oak Creek, Wisconsin

by Kristin Harlow February 19, 2018

OAK CREEK, WIS. — Meridian Design Build has completed construction of a 48,200-square-foot warehouse expansion for GE Healthcare in Oak Creek, about 15 miles south of Milwaukee. The facility now totals 328,028 square feet. The project features LED lighting, six loading docks and two doors connecting the new space to the existing building. GE Healthcare uses the building as a repair operations center, and the expansion will be utilized to house spare and repaired parts for the company’s equipment. Construction began in late August 2017 and was completed in January. Harris Architects provided architectural services while Pinnacle Engineering completed civil engineering work. Exeter Property Group owns the building.

February 19, 2018

Industrial New Jersey Northeast

CBRE Arranges $43M Sale of I-78 Logistics Park in New Jersey

by Amy Works February 16, 2018

LOPATCONG AND PHILLIPSBURG, N.J. — CBRE has negotiated the sale of I-78 Logistics Park, a 365-acre master-planned development located along the Interstate 78/81 corridor in Lopatcong and Phillipsburg. Opus Investments/KTV Inc. sold the property to Bridge Development Partners for $43 million. Situated at 942 Memorial Parkway, the property has approvals in place for the construction of 3.8 million square feet of warehouse and distribution space. Brian Fiumara, Michael Hines, Brad Ruppel and Lauren Dawicki of CBRE National Partners represented the seller in the transaction.

February 16, 2018

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