Industrial

OnTrac Renews Lease for Distribution Center in Metro San Diego

by Nellie Day October 30, 2017

MIRAMAR, CALIF. — OnTrac has renewed its lease for an 84,000-square-foot industrial distribution property in the San Diego submarket of Miramar. The space is located at 7077 Consolidated Way. The facility was built in 1981. OnTrac has occupied this building for the past five years to support the company’s logistics and regional shipping services in the Western U.S. The renewal will also facilitate the company’s growth locally. Evan McDonald of Colliers International represented OnTrac in the lease transaction. The landlord is 7077 Associates LP.

October 30, 2017

Industrial Northeast Pennsylvania

Woodmont Industrial Partners Sells 437,446 SF Industrial Building in Pittston, Pennsylvania

by Amy Works October 30, 2017

PITTSTON, PA. — Woodmont Industrial Partners has completed the disposition of an industrial building located at 1 Commerce Road in Pittston. The name of the buyer and acquisition price were not disclosed. Woodmont Industrial Partners completed an extensive capital improvement plan at the 437,446-square-foot building, which was formerly a Penguin Random House distribution center. The renovation program included additional loading docks, natural gas conversion, upgraded lighting and power. Additionally, the property features a high-bay section offering 48-foot to 54-foot clear height with racking in place, a 269-car parking lot and a rail line behind the building.

October 30, 2017

Industrial Texas

Cabot, Stream Break Ground on 646,796 SF Industrial Asset at DFW Airport

by Taylor Williams October 30, 2017

DALLAS — Cabot Properties Inc. and Stream Realty Partners have broken ground on International Logistics Center, a 646,796-square-foot industrial property situated on 40 acres on the south side of the Dallas-Fort Worth (DFW) International Airport. The development includes three buildings that can accommodate tenant sizes of 20,000 to 320,000 square feet. Peinado Construction is serving as general contractor for the project, which was designed by GSR Andrade Architects.

October 30, 2017

Florida Industrial Southeast

PREMIER Design + Build Breaks Ground on 221,542 SF Industrial Facility in Broward County

by Camren Skelton October 30, 2017

PLANTATION, FLA. — PREMIER Design + Build Group is leading the design and construction of a 221,542-square-foot warehouse located at the intersection of Interstate 95 and Broward Boulevard in Plantation. Bridge Development Partners LLC is the project developer. Upon completion, the warehouse will have the flexibility to accommodate multiple tenants from 40,000 square feet. The building will feature an ESFR sprinkler system, T-5 energy efficient warehouse lighting, 44 rear-loading dock doors and three drive-in doors. RLC Architects is providing architectural services for the project. Flynn Engineering Services is the civil engineer and DDA Engineers is the structural engineer. Colliers International will represent the building. Construction on the warehouse is slated for completion in the third quarter of 2018.

October 30, 2017

California Industrial Western

Realterm Acquires Bernardo Mesa Technology Center in San Diego for $60.5M

by Nellie Day October 27, 2017

SAN DIEGO — Realterm Logistics has purchased Bernardo Mesa Technology Center, a 180,946-square-foot warehouse in the San Diego submarket of Rancho Bernardo, for $60.5 million. The warehouse is located at 16550 Via Esprillo. The building is fully leased. Realterm Logistics is an owner and manager of high-flow-through logistics facilities serving the transportation industry. CBRE’s Louay Alsadek, Darla Longo, Barbara Perrier, Michael Kendall and Hunter Rowe were the investment advisors. The firm’s Brent Wright provided leasing market expertise.

October 27, 2017

Industrial Texas

NAI Brokers Sale of 33,000 SF Warehouse in Southeast Houston

by Taylor Williams October 27, 2017

HOUSTON — NAI Partners has brokered the sale of 33,000-square-foot warehouse located at 6922 and 6930 La Paseo St. in southeast Houston. Situated on 2.6 acres and built in 1974, the property features 16- to 22-foot clear heights and four drive-in/grade-level doors. Chris Caudill of NAI Partners represented the seller, Mitas Tower. Nabil Murad of NM Management LLC represented the buyer, Radwan A-Z LLC.

October 27, 2017

Industrial New Jersey Northeast

Brennan Investment Group Acquires 1.3 MSF Light Industrial Portfolio in Metro Philadelphia

by Amy Works October 27, 2017

MOORESTOWN AND BURLINGTON, N.J. — Brennan Investment Group has purchased a 26-building portfolio in Moorestown and Burlington, suburbs of Philadelphia, for an undisclosed price. Totaling 1.3 million square feet, 24 of the properties are located in Moorestown with the remaining two in Burlington. Brennan plans to open a regional office in one of the Moorestown properties. The Flynn Company will handle leasing and property management of the portfolio. The name of the seller was not released.

October 27, 2017

Industrial New York Northeast Self-Storage

Sitar Realty Brokers $124.4M Acquisition of 6,272 Self-Storage Units Across the Northeast

by Amy Works October 27, 2017

SARATOGA SPRINGS, N.Y. — Sitar Realty Co. has arranged the acquisition of 6,272 self-storage units across the Northeast. Saratoga Springs-based Prime Group Acquisitions purchased the properties, which total 673,588 square feet, for $124.4 million. The properties are located in Clinton, Lindenwold, Phillipsburg and Washington, N.J.; Brookfield, Farmington, Newington and New Milford, Conn.; Boston, Hyde Park, Quakertown, Somerville and South Boston, Mass.; and Fairless Hills, Pa. Bill Sitar Jr. of Sitar Realty Co. brokered the transactions. The names of the sellers were not disclosed.

October 27, 2017

Industrial New Jersey Northeast

NAI Hanson Facilitates Sale of 5,800 SF Industrial Building in Hackensack, New Jersey

by Amy Works October 27, 2017

HACKENSACK, N.J. — NAI James E. Hanson has arranged the sale of an industrial building located at 174 Union St. in Hackensack. Ninth Avenue Properties sold the 5,800-square-foot property to Petaks Kosher Foods Catering for an undisclosed price. As part of the transaction, the seller negotiated a leaseback for 300 square feet of office space at the property. The property is a two-story industrial/USDA processing plant with full cooking, preparation and refrigeration equipment, as well as second-floor storage and six parking spaces. Petaks Kosher Foods Catering plans to relocate its operations from Fair Lawn, N.J., to the new property. Anthony Cassano of NAI Hanson represented the seller in the transaction.

October 27, 2017

Illinois Industrial Midwest

Avison Young Negotiates Sale of 538,236 SF Industrial Portfolio in Elk Grove Village, Illinois

by Kristin Harlow October 27, 2017

ELK GROVE VILLAGE, ILL. — Avison Young has negotiated the sale of a three-building, 538,236-square-foot industrial portfolio in Elk Grove Village for an undisclosed price. The buildings are located near the Chicago O’Hare International Airport in the O’Hare submarket. The properties include: 1900 Pratt Blvd., a 111,338-square-foot building; 1950 Pratt Blvd., a 165,212-square-foot building; and 2000-2020 Pratt Blvd., a 261,686-square-foot building. The portfolio is 100 percent leased to Clear Lam and D&W Fine Pak, both of which are packaging manufacturers for the food industry. Erik Foster and Mike Wilson of Avison Young represented the seller, Australia-based Mirvac. LBA Realty purchased the portfolio.

October 27, 2017

Newer Posts

Older Posts