Industrial

Confluent Development, Bradbury Properties to Build Three Office, Industrial Buildings in Denver

by Nellie Day November 1, 2017

DENVER — A joint venture between Confluent Development and Bradbury Properties has agreed to build three new office and industrial buildings in Highfield Business Park in Denver. The park is situated near the intersection of E-470 and Peoria Street, southeast of Centennial Airport. The first project was completed in June and now houses two tenants. The 101,000-square-foot facility (Highfield Building 5), broke ground in October 2016 as a spec development. The building is occupied by Charter Communications and Gateway Classic Cars. The second project is a build-to-suit development for EdgeConneX. The third project in the business park is a 92,000-square-foot spec industrial facility. The project will break ground in November, with project completion scheduled for spring 2018.

November 1, 2017

Industrial Massachusetts Northeast

Senate Construction Completes 615,600 SF Distribution Center in Worcester, Massachusetts

by Amy Works November 1, 2017

WORCESTER, MASS. — Senate Construction has completed the construction of a 615,600-square-foot distribution center located at 150 Blackstone River Road in Worcester. The property was developed by 150 Blackstone River Road LLC, a joint venture between Mid-States Packaging Inc. and GFI Partners. Imperial Distributors occupies 325,000 square feet of property, with G-3 occupying 200,000 square feet and Mid-States Packaging occupying the remaining space. Senate performed the design-build of the foundation, superstructure, HVAC, fire protection, plumbing and electrical work. Jim Thornton of Andover, Mass.-based Applied Form and Space Architects provided architectural services for the project.

November 1, 2017

Industrial Texas

Hunt Southwest Breaks Ground on 202,270 SF Industrial Facility in McKinney

by Taylor Williams November 1, 2017

MCKINNEY, TEXAS — Hunt Southwest has broken ground on a 202,270-square-foot industrial facility located at 900 Wilmeth Road near U.S. Highway 75 in McKinney. The property will be configured as a front-park, rear-load facility and feature amenities such as 32-foot clear heights, an ESFR sprinkler system, LED warehouse lighting, 43 dock-high doors and two acres of additional land for parking or outside storage. Construction of the facility, which is being built on a speculative basis, is expected to be complete by June 2018. Hunt Southwest expects to begin developing another 200,000-square-foot speculative industrial facility within University Business Park in McKinney during the second quarter of 2018.

November 1, 2017

Industrial Texas

Fort Capital Acquires 369,625 SF Industrial Portfolio in Fort Worth

by Taylor Williams November 1, 2017

FORT WORTH, TEXAS — Fort Worth-based investment firm Fort Capital has acquired a four-property, 369,625-square-foot industrial portfolio in Fort Worth. The properties include the 116,000-square-foot Suffolk Business Park located at 2901-2951 Suffolk Drive; a 63,795-square-foot property located at 2020 E. 24th St.; a 16,000-square-foot property located at 500 E. Central St.; and a 173,830-square-foot property located at 1101 NE 23rd St. Collectively, the properties were 94 percent leased at the time of sale.

November 1, 2017

Industrial Texas

J. Beard Brokers Sale of Two Flex Properties Totaling 119,675 SF in Houston

by Taylor Williams November 1, 2017

HOUSTON — The J. Beard Real Estate Co. has brokered the sale of two office/ warehouse facilities totaling 119,675 square feet in Houston. The properties span four buildings and are situated on 16.7 acres at 12450 and 12452 Cutten Road. Jeff Beard of J. Beard represented the undisclosed buyer in the transaction. Cape Bell and Allison Hall of Cushman & Wakefield represented the seller, Northwest Real Estate Holdings LLC. Downhole Technology LLC, a provider of hydraulic fracturing plugs, will occupy both buildings.

November 1, 2017

Florida Industrial Southeast

Meridian Development Sells 200,000 SF Industrial Center in Tampa for $8.3M

by Camren Skelton November 1, 2017

TAMPA, FLA. — Meridian Development Group has sold Meridian East, a three-building, 200,000-square-foot industrial center in Tampa, for $8.3 million. Boston-based High Street Realty Co. acquired the asset. During ownership, Meridian invested $600,000 in the property to improve the appearance of the exteriors, construct additional parking and renovate the vacant interiors. At the time of sale, Meridian East was fully leased to tenants including Bailey Industries, which occupies 45,000 square feet.

November 1, 2017

California Industrial Western

Duke Realty Buys Two Industrial Assets in Southern California Totaling 873,870 SF

by Nellie Day October 31, 2017

FONTANA AND CITY OF INDUSTRY, CALIF. — Duke Realty Corp. has purchased two industrial buildings totaling 873,870 square feet in Southern California. The assets are part of a larger $700 million, 12-property industrial portfolio Duke has purchased from Bridge Development Partners. The assets include a 429,870-square-foot building at South Ajax Avenue in the City of Industry and a 444,000-square-foot facility at 11250 Poplar Ave. in Fontana. Poplar Avenue was completed and leased in 2016, while Ajax Avenue was completed in 2017. HFF’s Anthony Brent and Ryan Martin represented both the buyer and seller in this transaction.

October 31, 2017

Arizona Industrial Western

AllState Buys Last-Mile Warehouse Facility in Tempe

by Nellie Day October 31, 2017

TEMPE, ARIZ. — AllState has purchased Tempe Logistics Center, a 175,314-square-foot industrial building in Tempe, for an undisclosed sum. The building is located at 1524 W. 14th St. The asset serves as a “last-mile” warehouse with 18- to 24-foot clear heights, automatic fire suppression, 23 dock loading doors, six grade-level doors, an over-standard parking ratio and 130-foot truck courts. Recent tenant improvements include the installation of full air conditioning in the office and warehouse space, a new office and kitchen buildout, and an upgraded power supply. The asset is fully leased to investment-grade tenants. CBRE Global Investors acquired the property on behalf of AllState. Will Strong, Mike Haenel, Andy Markham and Phil Haenel of Cushman & Wakefield represented the seller, LBA Realty, in this transaction.

October 31, 2017

Georgia Industrial Southeast

Amazon to Open 1 MSF Fulfillment Center in Macon, Georgia

by Camren Skelton October 31, 2017

MACON, GA. — Amazon has unveiled plans to open a 1 million-square-foot fulfillment center in Macon. The new center will create more than 500 new full-time jobs upon opening, and will be the company’s fourth warehouse and distribution hub in Georgia. The e-commerce giant currently operates facilities in Braselton, Lithia Springs and Union City. Employees at the new facility will pick, pack and ship large-sized items, including household furniture, sporting equipment and gardening tools. New jobs will include warehouse, management and supervisory positions. The project is being developed in a partnership between Seefried Industrial Partners and an affiliate of USAA Real Estate Co. The Macon-Bibb County Industrial Authority entitled and sold the property.

October 31, 2017

Data Centers Industrial Texas

vXchnge Acquires 100,000 SF Data Center Campus in Austin

by Taylor Williams October 31, 2017

AUSTIN, TEXAS — Tampa-based data center operator vXchnge has acquired a 100,000-square-foot data center campus located at 8025 N. Interstate 35 in Austin. The colocation facility, which is currently undergoing a doubling of its current capacity, will eventually be capable of producing 26 megawatts of power. The sale includes the 18 acres of land on which the campus is situated. The seller and sales price were not disclosed.

October 31, 2017

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