Industrial

Cushman & Wakefield Arranges $22.8M Sale of Flex Industrial Park in Miami-Dade County

by Camren Skelton January 23, 2018

DORAL, FLA. — Cushman & Wakefield has arranged the $22.8 million sale of Transal Park, a six-building flex industrial campus located at 8200-8290 N.W. 27th St. in Doral. Mike Davis, Miguel Alcivar, Dominic Montazemi, Scott O’Donnell, Michael Lerner and Rick Brugge of Cushman & Wakefield, in conjunction with Cushman & Wakefield leasing partners Wayne Ramoski and Gian Rodriguez, arranged the transaction on behalf of the undisclosed seller. SVF Acquisitions LLC acquired the property. Transal Park comprises six one-story buildings totaling 134,175 square feet. The buildings feature flexible bays with a combination of direct-access front office space and rear warehouse with grade-level entries to truck courts. Other features include tenant signage, on-site security, a restaurant and a parking ratio of 3.6 spaces per 1,000 rentable square feet. At the time of sale, Transal Park was 88 percent leased to tenants including United States Medical, South Florida Health Management, Office Bargain Center, Encore Optical, Miami Vet Center and Doral Digital Reprographics.

January 23, 2018

Data Centers Florida Industrial Southeast

Lincoln Rackhouse to Develop 35,000 SF Data Center in South Florida for Mobile Network Provider

by Camren Skelton January 23, 2018

SUNRISE, FLA. — Dallas-based Lincoln Rackhouse will break ground this month on a 35,000-square-foot build-to-suit data center in Sunrise. In a sales-leaseback agreement, Bo Bond and Ali Greenwood of JLL’s Data Center Solutions secured a 20-year prelease with an undisclosed U.S. mobile network provider. The telecom switch center will expand the network’s delivery platform in the region. Burr Computer Environments Inc. is the project’s engineer, Gensler is the architect and Smith Commercial Contracting Inc. is the general contractor. Lincoln Property Co.’s South Florida office will oversee development and management for the project, which is slated for a fourth-quarter completion.

January 23, 2018

Industrial Oregon Western

McLellan Estate Co. Acquires 196,499 SF Industrial Complex in Oregon for $27.5M

by Nellie Day January 23, 2018

CLACKAMAS, ORE. — McLellan Estate Co. has purchased Clackamas Business Center, a 196,499-square-foot industrial center southeast of Portland in Clackamas for $27.5 million. The center is located at 14863 SW 82nd Ave. Clackamas Business Center was built in 1978. It was 99 percent leased at the time of sale. There are a total of 50 units in the park. Notable tenants include Mattress World, Marion Construction, Portland Fruit LLC, Harmony Kids LLC and Portland Cider Co. Scott Finney and Nicholas Chessar of Norris & Stevens represented both the buyer and seller, limited partnerships controlled by Warren Family Properties, in this transaction.

January 23, 2018

California Industrial Western

Skechers Leases 366,698 SF Warehouse in Moreno Valley, California

by Nellie Day January 23, 2018

MORENO VALLEY, CALIF. — Skechers has leased a 366,698 square foot warehouse/distribution building in Moreno Valley. The facility is located at 22705 Newhope St. The athletic shoe manufacturer now leases a total of 1.8 million square feet in Moreno Valley, making it the largest single-company occupancy under one roof in Southern California, according to Westcore Properties, the building’s landlord. Dave Burback of Kidder Mathews and CBRE’s Gerry Harvey represented Westcore.

January 23, 2018

Industrial Self-Storage Texas

JLL Negotiates Sale of 3,300-Unit Self-Storage Portfolio in DFW

by Taylor Williams January 22, 2018

DALLAS AND FORT WORTH, TEXAS — JLL has negotiated the sale of a portfolio of six self-storage properties totaling more than 3,300 units located throughout the Dallas-Fort Worth (DFW) area. The Class A facilities were all built between 2001 and 2017 and total approximately 430,000 square feet. Features of the properties include a varying percentage of climate-controlled units, 24-hour video surveillance and perimeter fencing. California-based self-storage REIT Public Storage purchased the portfolio from a joint venture between Advantage Storage and Harrison Street Real Estate Capital. Steve Mellon and Brian Somoza of JLL brokered the deal.

January 22, 2018

Industrial Texas

HFF Arranges Sale of 68,300 SF Industrial Asset in Metro Houston

by Taylor Williams January 22, 2018

STAFFORD, TEXAS — HFF has arranged the sale of Stafford Commerce Center, a 68,300-square-foot, Class A distribution warehouse in the southwestern Houston metro of Stafford. Built in 2016, the property features 24-foot clear heights, a 130-foot truck court, 14 dock-high loading doors and 8,548 square feet of office space. The property was fully leased at the time of sale to Quest Design & Fabrication, which designs and produces sales and welcome centers for retail companies. Trent Agnew, Rusty Hamlyn and Charlie Strauss of HFF represented the seller, Houston-based Black Flag Properties, in the transaction. An affiliate of STAG Industrial Inc., a Boston-based REIT, acquired the property for an undisclosed price.

January 22, 2018

Industrial Loans Maryland Southeast

Ready Capital Closes $14M Loan for Acquisition, Renovation of Industrial Asset in Metro Baltimore

by Camren Skelton January 22, 2018

HALETHORPE, MD. — Ready Capital Structured Finance has closed a $14 million loan for the acquisition, renovation and stabilization of a 313,000-square-foot industrial property located at 2209 Sulphur Spring Road in Halethorpe, roughly seven miles south of Baltimore. The name of the borrower was not disclosed. The 36-month, non-recourse, floating-rate loan features two extension options and flexible prepayment. The borrower plans to fully renovate interiors, as well as upgrade the building’s exterior and infrastructure. Following the renovations, the borrower will re-tenant the property at market rental rates.

January 22, 2018

Illinois Industrial Midwest

Podolsky Circle Arranges $6.2M Sale of Industrial Facility in Des Plaines, Illinois

by Kristin Harlow January 22, 2018

DES PLAINES, ILL. — Podolsky Circle CORFAC International has arranged the sale of Rand Center in Des Plaines for $6.2 million. The 136,533-square-foot industrial facility consists of four buildings and is located at 1221-1311 Rand Road. The property is currently 94 percent occupied by 43 tenants. Alissa Adler, John Homsher and Paul Tesdal of Podolsky Circle represented the seller, Ameritus Real Estate Investment. Clear Height Properties purchased the asset.

January 22, 2018

Industrial Self-Storage Texas

Marcus & Millichap Brokers Sale of 635-Unit Self-Storage Facility in Corpus Christi

by Taylor Williams January 19, 2018

CORPUS CHRISTI, TEXAS — Marcus & Millichap has brokered the sale of Bay Area Mini Storage, a 635-unit self-storage facility located at 2301 Rodd Field Road in Corpus Christi. The property features 95,479 square feet of net rentable space and visibility from State Highway 357, and has undergone three expansions since its original construction in 2003. Jon Danklefs and Michael Mele of Marcus & Millichap represented the seller, a limited liability company, and procured the buyer, a private investor. Both parties requested anonymity.

January 19, 2018

Industrial New York Northeast

SVN/Realty Three Advisors Brokers $2.8M Sale of Industrial Building in Plainview, New York

by Amy Works January 19, 2018

PLAINVIEW, N.Y. — SVN/Realty Three Advisors has arranged the sale of an industrial property located at 205 Express St. in Plainview. Robert Anton and Arthur Cerrone Jr. purchased the industrial property from 205 Express Street LLC for $2.8 million. Situated on 1.4 acres and built in 1995, the property features 20,200 square feet of industrial space. Lorraine O’Hara, Patricia Posillico and Aric Schachner of SVN/Realty Three Advisors represented the seller, while David Hunt of Hunt Corporate Services represented the buyer in the deal.

January 19, 2018

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