Industrial

CBRE Negotiates 214,536 SF Industrial Lease in Metro San Antonio

by Taylor Williams October 4, 2017

SCHERTZ, TEXAS — CBRE has negotiated a 214,536-square-foot industrial lease at 9850 Doerr Lane in the San Antonio metro of Schertz on behalf of Ace Mart Restaurant Supply. The company will use the cross-dock facility as a distribution center for its 14 Texas stores. Rob Burlingame and Greg Pierce of CBRE represented Ace Mart in the lease negotiations. Joshua Aguilar of CBRE represented the landlord, HPI, which was also represented internally by Jordan Walker. HPI purchased the building in May and has brought it to full occupancy with this signing.

October 4, 2017

Pinnacle Peak Commerce Center in Phoenix Sells for $14.1M

by Nellie Day October 3, 2017

PHOENIX — Nicola Crosby has purchased Pinnacle Peak Commerce Center, a 93,725-square-foot flex/industrial property in Phoenix, for $14.1 million. The facility is located at 23751 N. 23rd Ave., near Interstate 17. All the tenants are relatively new occupants of the building, requiring extensive tenant improvements. Darren Tappen, Peter Beauchamp, Mike Ciosek and Eric Bell of Kidder Mathews represented both the buyer and the seller, Orsett Properties, in the transaction.

October 3, 2017

Industrial Texas

Stream, McCombs Break Ground on 179,655 SF Warehouse in San Antonio

by Taylor Williams October 3, 2017

SAN ANTONIO — Stream Realty Partners and McCombs Properties have broken ground on a 179,655-square-foot warehouse that will be located along Interstate 10 in Gateway10 Business Park on San Antonio’s northeast side. Completion is currently slated for June 2018. Building features will include 32-foot clear heights, 230-foot building depth, 38 dock-high, rear-load doors and ESFR fire suppression.

October 3, 2017

Georgia Industrial Southeast

PNK Group to Build 3 MSF Industrial Development South of Atlanta

by Camren Skelton October 3, 2017

MCDONOUGH, GA. — PNK Group, an international industrial real estate developer, has unveiled plans to develop Southern Gateway at Lambert Farms, a 3 million-square-foot speculative industrial development in the south Atlanta suburb of McDonough. Pat Murphy, Ray Stache, Lisa Pittman and Tara Healy of Cushman & Wakefield will handle the project’s leasing assignment. PNK Group has 22 logistics and industrial parks in Europe, Russia and the U.S., including its second U.S. development under construction in Savannah, Ga.

October 3, 2017

Industrial Midwest Ohio

Monmouth Acquires 219,765 SF Industrial Building in Stow, Ohio for $19.5M

by Kristin Harlow October 3, 2017

STOW, OHIO — Monmouth Real Estate Investment Corp. (NYSE: MNR) has acquired a 219,765-square-foot industrial building in Stow, about eight miles north of Akron, for $19.5 million. The property is located at 4651 Prosper Drive. The building is situated on 15.4 acres and is expandable by 50,000 square feet. The property is net leased to Mickey Thompson Performance Tires and Wheels for 10 years. The seller was not disclosed.

October 3, 2017

Illinois Industrial Midwest

Brown Commercial Brokers 32,000 SF Sale-Leaseback of Industrial Building in Elk Grove Village, Illinois

by Kristin Harlow October 3, 2017

ELK GROVE VILLAGE, ILL. — Brown Commercial Group has brokered the sale-leaseback of a 32,000-square-foot industrial building in Elk Grove Village. The sales price was not disclosed. The property is located at 1200 Pratt Blvd. Dan Brown of Brown Commercial represented the seller, Andrews Paperboard Inc. Jim Pietrarosso, also of Brown Commercial, represented the buyer, a private investor. Brown Commercial negotiated a 10-year lease.

October 3, 2017

Industrial Texas

Huntington to Develop 248,825 SF Industrial Property in Garland

by Taylor Williams October 2, 2017

GARLAND, TEXAS — Huntington Industrial Partners will develop Shiloh Distribution Center, a two-building, 248,825-square-foot industrial property that will be located along Shiloh Road in the Dallas metro of Garland. The cross-dock property will feature 32-foot clear heights and an ESFR sprinkler system, as well as a total of 183 parking spaces and 64 dock-high doors. A timetable for construction has not yet been established.

October 2, 2017

Industrial Texas

ML Realty Negotiates 130,128 SF Industrial Lease Extension in Fort Worth

by Taylor Williams October 2, 2017

FORT WORTH, TEXAS — Industrial landlord ML Realty Partners has negotiated a lease extension with Uniwell Laboratories LLC, a manufacturer of nutraceuticals and dietary supplements. The tenant will continue to occupy 130,128 square feet at 14108 Sovereign Road in Fort Worth.

October 2, 2017

Industrial South Carolina Southeast

Health Tech Firm Breaks Ground on 272,000 SF Manufacturing Center Near Charleston

by Camren Skelton October 2, 2017

SUMMERVILLE, S.C. — Thorne Research Inc. has broken ground on a new 272,000-square-foot manufacturing facility in Summerville, located 25 miles northwest of Charleston. The health and wellness technology company manufactures proprietary nutritional supplement products distributed through professional medical, athletic and consumer channels. The new facility will bring 330 jobs to the Summerville area and serve as Thorne Research’s corporate headquarters. Located on 26 acres within the Omni Industrial Campus, the facility is expected to be fully operational by mid-2018.

October 2, 2017

Industrial Loans Massachusetts Northeast

EagleBridge Capital Arranges $9M in Financing for Industrial Property in Boston

by Amy Works October 2, 2017

BOSTON — EagleBridge Capital has arranged $9 million in permanent mortgage financing for an industrial facility located at 173 Boston St. in Boston. Situated on 3.8 acres, the 57,600-square-foot warehouse and service facility features 20,000 square feet of office space, multiple drive-in doors and a carport. The facility is net leased to Verizon. Ted Sidel and Brian Sheehan of EagleBridge secured the loan for the undisclosed borrower through a financial institution.

October 2, 2017

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