Industrial

Footprint Relocates Corporate Headquarters to Park Lucero in Gilbert

by Nellie Day January 31, 2018

GILBERT, ARIZ. — Footprint LLC has relocated its corporate headquarters to Park Lucero Phase II, a 131,796-square-foot, speculative industrial building in Gilbert. The building is situated on 48 acres at the northwest corner of Mustang Drive and Germann Road near the Gilbert/Chandler border. Park Lucero is a four-phase, Class A industrial park featuring a combination of buildings with dock-high, truck well and grade-level loading, 24- to 30-foot ceiling clear heights and an overall 2.1:1,000 parking ratio. Upon full buildout, Park Lucero will consist of nearly 600,000 square feet of industrial space in six buildings. Phase II is situated adjacent to Phase I, which was completed in 2015, and Phase III, completed this past summer. Phase II fronts the Santan Freeway (Loop 202), providing significant freeway visibility. Paul Gallo of First US Advisors represented Footprint, a sustainable technology firm. JLL’s Pat Harlan and Steve Sayre represented the landlords, Trammell Crow Co. and Artis REIT, in this transaction. Western Alliance Bank served as the lender.

January 31, 2018

Illinois Industrial Midwest

CBRE Fund Acquires 1.4 MSF Industrial Portfolio in Chicago Area

by Kristin Harlow January 31, 2018

CHICAGO — CBRE Strategic Partners US Value 8 has acquired a six-building industrial portfolio totaling over 1.4 million square feet in the Chicago area. The purchase price was not disclosed. The portfolio is 95 percent leased to six tenants. The properties include: 2700 Ellis Road in Joliet; 2101 W. Haven Road in New Lenox; 2201 W. Haven Road in New Lenox; 2200 W. Haven Road in New Lenox; 2520 Diehl Road in Aurora; and 494 E. Lies Road in Carol Stream. The buildings range in size from 90,000 to 690,000 square feet and feature clear heights of 24 to 32 feet.

January 31, 2018

Industrial Midwest Ohio

Hillwood Purchases 1 MSF Distribution Center in Columbus, Ohio

by Kristin Harlow January 31, 2018

COLUMBUS, OHIO — Hillwood, a Perot company, has purchased TradePort I in Columbus for an undisclosed price. The 1 million-square-foot distribution center, located on 78 acres at 3780 TradePort Court, is expected to be completed soon. The building features a clear height of 36 feet, 185-foot truck courts, 102 dock doors, 400 car parks, 232 trailer spaces, LED lighting and ESFR sprinklers. The site also includes additional acreage for up to 209,188 square feet of building expansion or trailer parking. Hillwood also owns a 450,000-square-foot industrial building in the Groveport area.

January 31, 2018

Industrial New York Northeast

Goldman Sachs, DH to Develop Three-Story Warehouse, Distribution Center in Brooklyn

by Amy Works January 30, 2018

NEW YORK CITY — A joint venture between Goldman Sachs Asset Management Private Real Estate (GSAM PRE) and DH Property Holdings plans to develop a three-story warehouse and distribution center located at 640 Columbia St. on the Red Hook waterfront in Brooklyn. The 370,000-square-foot facility will be one of the first industrial buildings in North America to feature multi-level distribution and warehousing. Designed by Ware Malcomb, the facility will feature Class A industrial specs, including 130-foot truck courts that can accommodate full-size tractor trailers on both the ground and second levels. The multi-level loading facility will also include 28-foot ceiling heights, 33 loading doors and an attached parking deck. Hollister Construction Services is the construction manager for the project.

January 30, 2018

Industrial Kansas Midwest

Kessinger/Hunter to Develop 567,115 SF Industrial Warehouse in Olathe, Kansas

by Kristin Harlow January 30, 2018

OLATHE, KAN. — Kessinger/Hunter & Co. is developing its third speculative industrial building within the I-35 Logistics Park in Olathe. The 567,115-square-foot industrial warehouse, known as Building C, will be located directly to the east of the existing 821,663-square-foot Building B. KGPCo, a provider of supply chain and network transformation solutions for the communications industry, has pre-leased 251,873 square feet of space at Building C. Tom Walrich of Lee & Associates represented KGPCo in the lease transaction. Bentall Kennedy advised ownership and has been retained as the asset manager of the new building, as well as Building B and remaining development sites. Completion of Building C is slated for the end of 2018. The project team includes Merit General Contractors, Bozich Architects, TranSystems and BSE Structural Engineers.

January 30, 2018

California Industrial Loans Western

NorthMarq Arranges $47.8M in Bridge Financing for Warehouse Repositioning in California

by Nellie Day January 30, 2018

SANTA ANA, CALIF. — NorthMarq has arranged $47.8 million in bridge financing for a 414,309-square-foot vacant warehouse in Santa Ana. The warehouse is located at 515 E. Dyer Road. Hines acquired the property in December 2017. The firm plans to renovate and reposition the vacant warehouse into a last-mile distribution center. The property was formerly a manufacturing and distribution facility. It features 22-foot clear heights, 120-foot truck turning clearance, an office pod, and access to the 55, 5 and 405 freeways. The loan represents 65 percent of total project cost with a five-year term. NorthMarq shopped the non-recourse loan to both banks and debt funds, but the final lender was not disclosed. Mike Elmore, Joe Giordani and John Marshall led the NorthMarq team.

January 30, 2018

California Industrial Western

Pactra USA Leases 184,350 SF at Distribution Center in California

by Nellie Day January 30, 2018

MODESTO, CALIF. — Pactra USA has leased 184,350 square feet at Tracy Pescadero Distribution Center, just west of Modesto. The center is located at 1700 E. Pescadero Ave. The transaction brings the building to 100 percent occupancy. The building features 57 dock-high doors, 32-foot clear heights and a easy access to major transportation arterials including Interstate 205, Interstate 5, Interstate 580 and Highway 99. Cushman & Wakefield represented the 3PL service provider. CBRE represented the landlord, Ridgeline Property Group and LaSalle Investment Management, in this transaction.

January 30, 2018

Industrial Loans Office Texas

TRC Arranges $11M Refinancing of 230,000 SF Flex Property in Metro Austin

by Taylor Williams January 29, 2018

PFLUGERVILLE, TEXAS — Texas Realty Capital (TRC) has arranged the $11 million refinancing of 130 Commerce Center, a 230,000-square-foot industrial/office property located in Pflugerville on Austin’s north side. Minneapolis-based Thrivent Financial provided the loan, which features a 10-year term and a fixed interest rate, on behalf of an undisclosed, out-of-state borrower.

January 29, 2018

Industrial Texas

Boyd Commercial Negotiates 45,025 SF Industrial Lease in Houston

by Taylor Williams January 29, 2018

HOUSTON — Boyd Commercial has negotiated a 45,025-square-foot industrial lease at 9725 Kirkton Drive on Houston’s northwest side. Greg Barra and Mike Boyd of Boyd Commercial represented the tenant, Erne Fittings USA, a manufacturer of pipe fittings for permanent welds. Ryan Wasaff and Brad Berry represented the landlord, Welcome Group, internally.

January 29, 2018

Industrial Massachusetts Northeast Office

New Dover Associates Brokers $4.8M Sale of Office, Industrial Building in Framingham, Massachusetts

by Amy Works January 29, 2018

FRAMINGHAM, MASS. — New Dover Associates has arranged the sale of an office and industrial building located at 101 Bishop St. in Framingham. Green Brick Development acquired the property from Siegal LLC for $4.8 million. Situated on 3.1 acres, the 44,272-square-foot building is fully air conditioned. Scott Hughes and Ted Reimann of New Dover Associates represented the seller and procured the buyer in the deal.

January 29, 2018

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