Industrial

Silverman Group to Break Ground on $65M Industrial Campus Near Charleston

by Camren Skelton April 5, 2018

SUMMERVILLE, S.C. — New Jersey-based The Silverman Group will break ground next week on Foreign Trade Zone, a $65 million industrial project located on 400 acres in Summerville, roughly 25 miles from the Port of Charleston. The first building at the development will total 562,544 square feet and will feature 36-foot clear heights, ample dock doors and trailer storage. The park will also include 520,000 square feet of proposed build-to-suit land. The project is slated for completion in the fourth quarter.

April 5, 2018

Arizona Industrial Western

Confluent Development, DPC Companies Start Construction of Distribution Center in Phoenix

by Nellie Day April 4, 2018

PHOENIX — A joint venture between Confluent Development and DPC Companies has started construction of HUB 317, a spec distribution building in Phoenix. The project is located at 317 S. 48th St. The 225,000 square feet of industrial/distribution space is designed to accommodate multiple large tenants. The project will feature a contemporary design, 32-foot clear ceiling/stacking height, and dock-high loading. It will be completed in summer 2018.

April 4, 2018

California Industrial Western

Industrial Building in Central California Sells for $6.1M

by Nellie Day April 4, 2018

LOMPOC, CALIF. — An institutional investor has acquired an 81,687-square-foot industrial building in the Central California submarket of Lompoc for $6.1 million. The building is situated on eight acres at 1017 W. Central Ave. DenMat fully occupies the space. The dental product manufacturer recently signed a five-year lease extension at the site, which serves as the company’s headquarters. Tom Davidson of Lee & Associates Los Olivos represented the seller, Fagerdala USA – Lompoc, and DenMat in its lease extension.

April 4, 2018

California Industrial Western

New-Indy Tripaq Leases 44,172 SF of Industrial Space in Cerritos, California

by Nellie Day April 4, 2018

CERRITOS, CALIF. — New-Indy Tripaq has leased 44,172 square feet of industrial space at 12765 166th St. in Cerritos. The space will accommodate the overflow of its other Cerritos facility. JLL’s Cameron Driscoll and Luke McDaniel represented New-Indy Tripaq. CBRE represented the landlord, Megaland Enterprises.

April 4, 2018

Acquisitions Industrial Texas

HFF Arranges Sale of 232,950 SF Industrial Property in Northwest Houston

by Taylor Williams April 4, 2018

HOUSTON — HFF has arranged the sale of Brookhollow West Business Park, a two-building, 232,950-square-foot industrial property in northwest Houston. Built between 2007 and 2008, the Class A property features 24-foot clear heights, 40 dock-high doors, five drive-up ramps and 277 parking spaces. Roughly 21 percent of the square footage is office space. Rusty Tamlyn and Dane Petersen of HFF, along with Jon Farris and Matteson Hamilton of Stream Realty Partners, represented the seller, AIV Inc, a valve distributor for utilities firms. A subsidiary of STAG Industrial Inc., a Boston-based REIT, purchased the property for an undisclosed price.

April 4, 2018

Acquisitions Industrial Texas

Stream Negotiates Sale of 69,866 SF Warehouse in Dallas

by Taylor Williams April 4, 2018

DALLAS — Stream Realty Partners has negotiated the sale of a 69,866-square-foot warehouse located at 9225-9249 King James Drive in Dallas. The property is located on the northwest side of the city. Jason Moser of Stream Realty Partners represented the seller, 9225-9249 King James LLC. King James Properties LLC purchased the asset for an undisclosed price.

April 4, 2018

Development Industrial Midwest Minnesota

Hillcrest, Opus Break Ground on 161,000 SF Industrial Building in Cottage Grove, Minnesota

by Kristin Harlow April 4, 2018

COTTAGE GROVE, MINN. — Hillcrest Development LLLP and The Opus Group have broken ground on the first building at Southeast Industrial Park in Cottage Grove, about 25 miles southeast of Minneapolis. Completion of the 161,000-square-foot industrial building is slated for this September. North Star Sheets, a corrugated paper manufacturer, will occupy the building. This is the first phase in a multiphase, rail-served industrial development undertaken by Opus and Hillcrest. An additional 24 acres remain undeveloped on the site, which Hillcrest owns, allowing for 300,000 to 350,000 square feet of future development. Hillcrest has retained Eric Rossbach of Colliers International to market the site for lease. Opus Development Co. is the developer, Opus Design Build is the design-builder and Opus AE Group is the architect and structural engineer of record.

April 4, 2018

Acquisitions Connecticut Industrial Northeast

Pearce Real Estate Brokers $1M Sale of Industrial Facility in Milford

by David Cohen April 3, 2018

MILFORD, CONN. — Pearce Real Estate has brokered the sale of an 18,634-square-foot industrial facility in Milford for $1 million. The property is located at 363 Naugatuck Ave., 14 miles south of New Haven. John Bergin of the Pearce Commercial Milford office represented the buyer, 363 Naugatuck Ave. LLC, and the seller, Travco of Milford LLC, in the transaction. United Rentals has leased the property for the past 17 years.

April 3, 2018

Acquisitions Industrial Midwest Minnesota

CBRE Arranges Sale of 914,698 SF Industrial Tech Portfolio in Suburban Minneapolis

by Kristin Harlow April 3, 2018

MINNEAPOLIS — CBRE Capital Markets has arranged the sale of a 12-property industrial tech portfolio totaling 914,698 square feet in the Twin Cities. A joint venture between Artemis Real Estate Partners and Eagle Ridge Partners purchased the portfolio, which was 87 percent leased at the time of sale. Tenants include a mix of high-tech services, manufacturing, biotechnology, media production and other companies in the tech industry. The properties are located in the suburbs of Woodbury, Oakdale, Plymouth, Maple Grove, Minnetonka and Eden Prairie. Judd Welliver, Ryan Watts, Sonja Dusil and Tom Holtz of CBRE represented the seller, a private REIT.

April 3, 2018

Acquisitions Illinois Industrial Lee & Associates Midwest

Lee & Associates Negotiates $2M Sale of Two Industrial Buildings in Addison, Illinois

by Kristin Harlow April 3, 2018

ADDISON, ILL. — Lee & Associates has negotiated the $2 million sale of two industrial buildings in Addison, about 20 miles west of Chicago. The properties include a 13,884-square-foot building at 1236 Capitol Drive and a 15,200-square-foot building at 1770 Cortland Court. Jay Farnam represented the seller in both transactions. Neither the buyer nor the seller was disclosed.

April 3, 2018

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