Industrial

HSA Signs XPO Logistics to 279,199 SF Lease at New Industrial Property in Metro Nashville

by Camren Skelton January 25, 2018

LEBANON, TENN. — HSA Commercial Real Estate has secured a 279,199-square-foot lease with XPO Logistics Supply Chain Inc. at Commerce Farms V, a newly constructed industrial building in Lebanon, an eastern suburb of Nashville. The logistics and transportation service provider has 1,444 locations around the world. HSA Commercial Real Estate completed construction on the 651,380-square-foot building on a speculative basis in late 2017. Located at the intersection of State Route 840 and Highway 109, the building is the last site within Commerce Farms Business Center. Randy Wolcott, Chad Tuck and Joe DeLemos of NorthStar Real Estate Advisors arranged the lease on behalf of HSA Commercial Real Estate. Sue Earnest of Avison Young and Dave Saltzman of Lee & Associates represented XPO Logistics, which is scheduled to take occupancy in May after a limited interior build-out is completed. GEODIS Logistics LLC occupies the remaining 372,181 square feet of Commerce Farms V.

January 25, 2018

Industrial Office Texas

Price Distributing to Relocate to 70,000 SF Office, Distribution Center in Metro Dallas

by Taylor Williams January 25, 2018

ENNIS, TEXAS — Price Distributing Co., a distributor of alcoholic beverages, will relocate from its current headquarters at 1212 Clay St. in the southern Dallas metro of Ennis to a new, 70,000-square-foot property, also in Ennis. St. Louis-based HDA Architects is designing the new property, which will serve as both Price’s primary office space and distribution center. A timetable for construction has not yet been established.

January 25, 2018

California Industrial Western

Engineered Floors Renews 127,375 Industrial Lease in Fullerton, California

by Nellie Day January 25, 2018

FULLERTON, CALIF. — Engineered Floors has renewed its lease for 127,375 square feet of industrial space at Fullerton Industrial Park. The Class B facility is located at 675-679 S. Placentia Ave. in Fullerton. Engineered Floors and CJ Foods, which renewed its lease this past November, occupy the 254,750-square-foot building. Sam Chanin of Transwestern represented the landlord, Bailard, in this transaction. Bill Blackwood of Coldwell Banker Kinard Realty represented Engineered Floors.

January 25, 2018

Industrial Texas

JLL Brokers Sale of 1.6 MSF Industrial Portfolio in Rio Grande Valley

by Taylor Williams January 24, 2018

MCALLEN, TEXAS — JLL has brokered the sale of the Sharyland Business Park portfolio, a 10-property portfolio of industrial assets totaling 1.6 million square feet in the Rio Grande Valley metro of McAllen. The sale includes 111 acres of developable land. The properties are located near the Anzalduas National Crossing and the McAllen International Airport and were approximately 95 percent leased at the time of sale. Laredo, Texas-based Killiam Development Ltd. acquired the portfolio from IDI Logistics Inc., an industrial developer with regional offices around the country. Dustin Volz and John Huguenard of JLL brokered the deal.

January 24, 2018

Georgia Industrial Southeast

Monmouth Acquires New 831,764 SF Industrial Building in Savannah for $57.5M

by Camren Skelton January 24, 2018

SAVANNAH, GA. — Monmouth Real Estate Investment Corp. has acquired an 831,764-square-foot industrial building located at 590 Northport Parkway in Savannah for $57.5 million. The company acquired the asset from CRG, the real estate development arm of Clayco, which delivered the building last year. The warehouse is situated on approximately 62.4 acres within the two-building Northport Commerce Center, roughly seven miles from the Port of Savannah. The property is net-leased for 10 years to Shaw Industries Inc., a Georgia-based flooring supplier and wholly owned subsidiary of Berkshire Hathaway Inc. Esmael Hill of The Net Lease Group (NLG) represented the seller in the transaction. NLG also arranged equity to finance the construction of the facility, which CRG originally developed on a speculative basis.

January 24, 2018

Industrial Texas

HFF Arranges Sale of 49,640 SF Industrial Asset in Houston

by Taylor Williams January 24, 2018

HOUSTON — HFF has arranged the sale of 500 Century Plaza, a 49,640-square-foot industrial property in Houston. Built in 1984, the property features office space, 14 grade-level doors and 14-foot clear heights. Trent Agnew, Rusty Hamlyn and Johnny Kight of HFF represented the seller, a joint venture between Archway Properties and NewQuest Properties, in the transaction. Houston-based Finial Group purchased the property for an undisclosed price.

January 24, 2018

Industrial Texas

NAI Partners Negotiates 14,732 SF Industrial Lease in Metro Houston

by Taylor Williams January 24, 2018

CONROE, TEXAS — NAI Partners has negotiated a 14,732-square-foot industrial lease at 13019 Crockett Martin Road in Conroe, about 40 miles north of Houston. Jake Wilkinson and Darren O’Conor of NAI Partners represented the landlord, Tee Total Engineering Expectations Inc. Kyle Fischer of Belvoir Real Estate Group represented the tenant, KRO Energy Products, a metal fabrication firm.

January 24, 2018

Illinois Industrial Midwest

Merit Partners Brokers Sale-Leaseback of 38,543 SF Industrial Building in Mundelein, Illinois

by Kristin Harlow January 24, 2018

MUNDELEIN, ILL. — Merit Partners LLC has brokered the sale-leaseback of a 38,543-square-foot industrial building in Mundelein. Venture One Real Estate acquired the property through its acquisition fund, VK Industrial IV LP, which is a partnership between Venture One and Kovitz Investment Group. The building is situated on three acres at 939 Tower Road. The sale-leaseback was completed with American Marketing Services & Consultants Inc. (AMSC) David Liebman of Merit Partners brokered the sale-leaseback. He also represented AMSC in the original site acquisition and build-to-suit transaction. The property features a clear height of 24 feet, four exterior docks, one drive-in door and 6,281 square feet of office space.

January 24, 2018

Industrial Michigan Midwest

Paslin Signs 140,000 SF Industrial Lease in Troy, Michigan

by Kristin Harlow January 23, 2018

TROY, MICH. — Paslin has signed a 140,000-square-foot industrial lease in Troy. A full-service engineering and manufacturing company that builds welding automation systems for the auto industry, Paslin will occupy the entire facility, which is located at 500 W. Long Lake Road. The company occupies other properties in Warren and Shelby Township, Mich. Jason Capitani of L. Mason Capitani represented Paslin in the lease transaction. The landlord was not disclosed.

January 23, 2018

Industrial Midwest Wisconsin

Dickman Co. Brokers Sale of 16,440 SF Industrial Building in Pewaukee, Wisconsin

by Kristin Harlow January 23, 2018

PEWAUKEE, WIS. — The Dickman Co. Inc./CORFAC International has brokered the sale of a 16,440-square-foot industrial building in Pewaukee, about 20 miles west of Milwaukee. The sales price was not disclosed. The property is located at 1275 Hickory St. Nick Keys of the Dickman Co. represented the seller, Evergreen Business Development Wisconsin LLC. Bast Mequon LLC purchased the property.

January 23, 2018

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