Industrial

Entre Arranges Sale of Two Industrial Buildings in Streamwood, Illinois

by Kristin Harlow May 3, 2017

STREAMWOOD, ILL. — Entre Commerical Realty LLC has arranged the sale of two industrial buildings totaling 40,170 square feet in Streamwood, a northwest suburb of Chicago. The sales price was not disclosed. The buildings are located on 2.8 acres at 350-380 Roma Jean Parkway. The property includes a 15,000-square-foot oﬃce/warehouse building and a 25,000-square-foot warehouse building on two separate land parcels. Torque Parts, a truck parts distribution company, has purchased the buildings and will be relocating its operations from Mount Prospect, Ill. Dan Benassi, Mike DeSerto and Cory Kay of Entre represented the seller, Toryon Technologies, a supplier of wide format printers, laminators and routers.

May 3, 2017

Illinois Industrial Midwest

Principle Construction Breaks Ground on 18,250 SF Expansion to Manufacturing Facility in Bolingbrook, Illinois

by Kristin Harlow May 3, 2017

BOLINGBROOK, ILL. — Principle Construction Corp. has broken ground on an 18,250-square-foot addition to the manufacturing facilities of Bay State Milling Co. in Bolingbrook. The property is located at 279 Beaudin Blvd. The new addition will include 32-foot clear heights and three new dock positions. Principle completed the original 80,500-square-foot building in 2008, when the company was known as TJ Harkins. Bay State Milling provides food ingredients, primarily grain and plant-based products. Michael Long of Principle will serve as the project executive, along with Darrin Dehmlow as project manager and Jack Grooms as onsite superintendent. Arête Design Studio is providing design services and V3 is providing civil engineering services.

May 3, 2017

Industrial Northeast Pennsylvania

Duke Realty Purchases 73 Acres in Bethel Township, Pa., for Industrial Project

by Haisten Willis May 3, 2017

BETHEL TOWNSHIP, PA. — The northeast regional office of Duke Realty Corp. has purchased 73 acres in Bethel Township for future development. The land, known as Central Logistics Park, fronts I-78 and can support the construction of a warehouse up to 832,000 square feet. Duke plans to develop a bulk warehouse on the site, which will be its fifth building in the Lehigh Valley area.

May 3, 2017

Industrial Massachusetts Northeast

SVN Parsons Negotiates 13,904 SF Industrial Lease in Franklin, Mass.

by Haisten Willis May 3, 2017

FRANKLIN, MASS — Garrett Quinn of SVN Parsons Commercial Group Boston has negotiated a 13,904-square-foot industrial lease in Franklin. Quinn represented the tenant, MGB USA, in the lease at 157 Grove St., a 76,268-square-foot flex building located near I-495. McKenna Teague of Transwestern RBJ represented the landlord, GRE Grove Street Two LLC. MGB USA is moving from its current facility located at 121 Flanders Road in Westborough. The company manufactures precision electrical components used in applications including aerospace, defense, medical, telecommunications, and automotive hybrid and electrical instrumentation.

May 3, 2017

Industrial Texas

Langford, Flaherty Start Pre-Construction of Industrial Park at Former Raytheon Campus in Garland

by Taylor Williams May 2, 2017

GARLAND, TEXAS — Dallas-based development partners Langford Property Co. and Flaherty Development have begun pre-construction demolition and remediation of asbestos for Jupiter Miller Business Park, a 40-acre industrial development in Garland situated within the former campus of defense contractor Raytheon. The first phase of construction, which will begin in June, will deliver a two-building, 800,000-square-foot distribution center.

May 2, 2017

Georgia Industrial Southeast

American Realty Advisors Buys 846,496 SF Distribution Center in Metro Atlanta from TCC, Allstate

by John Nelson May 2, 2017

MCDONOUGH, GA. — American Realty Advisors has purchased Phase I of King Mill Distribution Park, an 846,496-square-foot distribution center in the south Atlanta suburb of McDonough. Trammell Crow Co. (TCC) and Allstate sold the asset to American Realty Advisors for an undisclosed price. Wayfair, a furniture and décor e-commerce retailer based in Boston, fully leases the distribution center, which is being built on spec. The building will feature 36-foot clear heights, trailer storage, employee vehicle parking, ingress/egress at two separate entrances and a flexible design that can accommodate multiple tenants served by separate entrances. Frank Fallon and Chris Riley of CBRE’s Atlanta office represented the sellers in the sale.

May 2, 2017

Georgia Industrial Southeast

Duke Realty Expands Metro Atlanta Industrial Portfolio by 600,000 SF

by John Nelson May 2, 2017

ATLANTA — Duke Realty Corp. has expanded its metro Atlanta industrial portfolio by nearly 600,000 square feet. The Indianapolis-based REIT broke ground on Camp Creek 4505, a 336,960-square-foot warehouse within Camp Creek Business Center in East Point near Hartsfield-Jackson Atlanta International Airport. Camp Creek 4505 will be the 10th warehouse Duke Realty has developed in its 400-acre industrial park. Duke Realty also purchased a 250,000-square-foot industrial facility at 2601 Skyview Drive in Lithia Springs for an undisclosed price. With these transactions, Duke Realty now owns and manages more than 11.3 million square feet of industrial properties in the Atlanta metro area.

May 2, 2017

Georgia Industrial Southeast

Colliers Arranges $30M Sale of Industrial Park in Metro Atlanta

by John Nelson May 2, 2017

DECATUR, GA. — Colliers International has arranged the $30 million sale of Perimeter East Industrial Park, an eight-building, 775,339-square-foot development situated near Interstate 285 in Decatur. Shreveport, La.-based Sealy & Co. purchased the property from Boston-based High Street Realty Co. Dennis Mitchell and Matt Wirth of Colliers represented High Street Realty in the transaction.

May 2, 2017

Industrial Massachusetts Northeast

Northeast Private Client Group Arranges $3M Sale of Industrial Property in Brighton, Mass.

by Haisten Willis May 2, 2017

BRIGHTON, MASS. — Northeast Private Client Group has arranged the $3 million sale of a 6,000-square-foot mixed-use property located at 270 Parsons St. in Brighton. Drew Kirkland and Francis Saenz of Northeast Private Client Group represented the seller and procured the buyer in the transaction. The property is a 100 percent-leased, multi-tenant industrial building near the Massachusetts Turnpike. Eastern Equity Partners was the seller and City Realty Group was the buyer.

May 2, 2017

California Industrial Western

Hill Properties, ReCap Acquire Scripps Ranch Business Park in San Diego for $31.4M

by Nellie Day May 2, 2017

SAN DIEGO — A joint venture between Hill Properties and ReCap has purchased Scripps Ranch Business Park, a 185,738-square foot industrial complex in San Diego, for $31.4 million. The nine-building industrial park is located on Willow Creek Road. It is currently leased to nine tenants. JLL’s Lynn LaChapelle, Bob Prendergast and Sach Kirpalani executed the transaction.

May 2, 2017

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