SAN JOSE, CALIF. — Newmark has arranged $25.6 million in permanent financing for a research and development building located at 5500-5550 Hellyer Ave. in San Jose. Robert Slatt, Jeff Wilcox and Charlie Kokernak of Newmark secured the 10-year, fixed-rate loan, which features a 30-year amortization schedule through a conduit lender for the undisclosed borrower. The two-story property is divided into three tenant spaces and is fully occupied by industrial flex and office users.
ADDISON, TEXAS — SVN | Dunn Commercial has arranged the sale of a 24,190-square-foot industrial asset in Addison, a northern suburb of Dallas. The property, which includes 8,000 square feet of office space and a fenced outside storage area, is leased to a company that manufactures semiconductors. David Dunn and Courtney Dunn of SVN | Dunn Commercial represented the seller in the transaction. Other terms of sale were not disclosed.
BESSEMER, ALA. — Amazon has announced plans for its first fulfillment center in Alabama. The Seattle-based e-commerce company will operate an 855,000-square-foot facility located in Bessemer, roughly 16 miles southwest of Birmingham. The development cost was not disclosed, but local media outlets report that the facility represents a $325 million investment. Amazon, which currently operates a sortation center in Mobile, expects to bring 1,500 jobs to the new facility, which will utilize Amazon Robotics. The Birmingham Business Alliance led several aspects of the project, including presentation of the site, infrastructure issues and local incentives. According to Bessemer Mayor Kenneth Gulley, Amazon’s new facility will be the single-largest private investment in the history of the city. No construction timeline was given.
NEW YORK CITY — Cushman & Wakefield has arranged the $6.5 million sale of 145 18th Street, a 16,577 square-feet brick warehouse in Brooklyn’s Greenwood Heights neighborhood. The property allows for 33,154 buildable square feet of commercial development, according to local zoning regulations. Winfield Clifford, William Barrett and Junji Miyake of Cushman & Wakefield represented the seller, Adel Rootstein USA, in the transaction. The buyer was SNL Storage. Nearby retailers include Costco, Home Depot, Lowe’s, Petco and ABC Carpet & Home.
BEDFORD, MASS. — Newmark Knight Frank has secured a 147,371-square-foot lease extension with photonics company Novanta for their corporate headquarters at 125 Middlesex Turnpike in Bedford. Bedford is 20 miles northwest of Boston. NKF represented ownership, 125 Middlesex Turnpike LLC, in the transaction. Built in 1975 and renovated in 2009, 125 Middlesex Turnpike is a 147,371-square-foot, single-story, flex/manufacturing building that includes 75,000 square feet of office space. Novanta is a supplier of laser products, precision-motion and vision technologies and has occupied the property since 2008.
SANTA FE SPRINGS, CALIF. — Realty Advisory Group has arranged the purchase of an industrial property located at 9601-9603 John St. in Santa Fe Springs. An undisclosed buyer acquired the property for $24.8 million. Situated on 7.2 acres, the 181,070-square-foot facility features 22- to 28-foot ceiling heights, 16 DH positions and future divisibility. At the time of sale, the building was fully leased to Windsor Fashions. John Repstad and Mark Repstad of Realty Advisors Group represented the buyer and undisclosed seller in the deal.
DENVER — Eight O One LLC has purchased an industrial property located at 620 E. 52nd Ave. in Denver. TC Crossroads #7 LLC sold the property for $7.6 million. The property features 60,468 square feet of industrial space. Mike Wafer, Timothy D’Angelo and Mike Wafer Jr. of Newmark Knight Frank represented the seller in the deal.
SEACAUCUS, N.J. — Seagis Property Group has acquired an 80,000-square-foot warehouse and distribution facility at 350 Seacaucus Road in Secaucus. The property is located approximately six miles from Manhattan and 12 miles from Port Newark. The fully leased building features 11 tailgate dock doors and 21-foot clear heights. Seagis now owns 27 buildings totaling more than 4.3 million square feet throughout Northern New Jersey.
CHARLOTTE AND DURHAM, N.C. — HFF has brokered the sale of a four-building industrial portfolio totaling 681,346 square feet in Charlotte and Durham. A joint venture between Trinity Capital Advisors and SilverCap Partners sold the buildings to Rialto Capital Management. The sales price was not disclosed, but the Charlotte Business Journal reports the portfolio sold for $39.8 million. Chris Norvell and Patrick Nally of HFF arranged the transaction on behalf of the sellers. In Charlotte, the sold portfolio includes a two-building facility located at 1001 Bond St. The property is less than one mile from the North Carolina State Port Authority and the CSX Intermodal Terminal, the only CSX intermodal terminal in North Carolina. The Durham buildings are located at 2710 and 2910 Weck Drive. The facilities are located within the Research Triangle Park submarket and are fully leased to two tenants.
FREMONT, CALIF. — Rev Projects has purchased a freestanding R&D building, located at 46355 Landing Parkway in Fremont. Oplink Communications, the former occupant, sold the property for $9.6 million, or $183 per square foot. The buyer plans to complete improvements at the 52,321-square-foot building, which is located within Bayside Business Park. Oplink Communications, a United States-based manufacturer of optical components, relocated its operations to a nearby building after being acquired by Koch Industries. Mike Spiro of Newmark Knight Frank Oakland represented the seller in the transaction.
