Industrial

Hillwood Buys Four Industrial Assets Totaling 1.1 MSF in Indianapolis

by Nellie Day January 17, 2018

INDIANAPOLIS — Hillwood has purchased a four-property industrial portfolio in Indianapolis that contains a total of 1.1 million square feet. The purchase price was not disclosed. The Class A portfolio contains the 448,305-square-foot Airwest 12 and the 476,225-square-foot Airwest 14 at 2301 and 2201 Reeves Road (respectively) in Plainfield, as well as the Company Drive Commerce Center in Indianapolis. The Company Drive Commerce Center comprises two buildings featuring 60,480 square feet and 100,800 square feet. “We are proud to expand our footprint in the thriving Indianapolis market,” says Tom Fishman, executive vice president of acquisitions and dispositions for Hillwood. “These acquisitions are consistent with our strategy to acquire and develop high-quality, functional industrial real estate in major U.S. markets.” The Airwest properties were built in 2015. They contain modern, flow-through cross dock designs with 36-foot clear heights, deep truck courts and car and trailer parking. Airwest 12 and 14 are situated off Interstate 70, providing access to interstates 465, 65 and 74 in the southwest industrial submarket. These routes access Chicago, Columbus, Cincinnati, Louisville and St. Louis. They also position the Airwest properties within a single day’s drive to more than half of the U.S. and Canadian population. The Company …

January 17, 2018

Industrial Self-Storage Texas

Marcus & Millichap Brokers Sale of 496-Unit Self-Storage Facility in Metro Dallas

by Taylor Williams January 16, 2018

FRISCO, TEXAS — Marcus & Millichap has brokered the sale of Storage Solutions of Frisco, a 496-unit self-storage facility located at 6707 Eldorado Parkway in the northern Dallas metro of Frisco. The property, which consists of 212 climate-controlled units and 280 non-climate drive-up units, features perimeter fencing, personalized keypad entry and fire protection systems. Brandon Karr of Marcus & Millichap represented the seller, a limited liability company, and secured the buyer, an undisclosed corporation.

January 16, 2018

Illinois Industrial Loans Midwest

Heartland Bank & Trust Provides $26.5M Refinancing for Industrial, Flex Portfolio in Metro Chicago

by Kristin Harlow January 16, 2018

CHICAGO — Heartland Bank & Trust Co. has provided a $26.5 million refinancing of 10 industrial and flex properties across metro Chicago. The portfolio of properties comprises the majority of the remaining assets within Midwest Industrial Funds’ MIF Value Fund LP. The portfolio totals over 800,000 square feet. The properties are occupied by more than 40 tenants with an overall occupancy rate in excess of 90 percent.

January 16, 2018

Illinois Industrial Midwest

Animal Supply Signs 220,000 SF Industrial Lease in Bartlett, Illinois

by Kristin Harlow January 16, 2018

BARTLETT, ILL. — Animal Supply Co. has signed a 220,000-square-foot industrial lease in Bartlett, about 35 miles northwest of Chicago. The distributor of wholesale pet products will occupy the space at 1323 Brewster Creek Blvd. within the Brewster Creek Business Park. The property is a 421,401-square-foot warehouse newly constructed in the summer of 2017. The building features a clear height of 32 feet, 48 dock doors and 40 trailer spaces. Animal Supply will relocate from 6450 Muirfield Drive in Hanover Park. Adam Marshall, Brian Carroll and Mark Deady of Newmark Knight Frank (NKF) represented the tenant in the lease transaction. Jeffrey Janda and Steve Bass of Lee & Associates represented ownership.

January 16, 2018

Michigan Midwest Self-Storage

Marcus & Millichap Arranges Sale of 63,150 SF Self-Storage Facility in Wyoming, Michigan

by Kristin Harlow January 16, 2018

WYOMING, MICH. — Marcus & Millichap has arranged the sale of Mini Storage Depot in Wyoming, five miles south of Grand Rapids. The sales price was not disclosed. The property, located at 4975 Clyde Park Ave., features 319 non-climate-controlled units and 211 climate-controlled units for a total of 530 units. Brett Hatcher and Gabriel Coe of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. The team also secured and represented the buyer, an out-of-state limited liability company.

January 16, 2018

Connecticut Industrial Northeast

O,R&L Commercial Brokers Sale of 24,300 SF Industrial Property in West Haven, Connecticut

by Amy Works January 16, 2018

WEST HAVEN, CONN. — O,R&L Commercial has arranged the sale of a light industrial/flex building located at 45 Railroad Ave. in West Haven. Pinpoint Promotions & Printing acquired the asset form L&A Realty. The new owner plans to relocate its full-service marketing and production agency to the property, which was formerly occupied by Manufacturers Associates Inc. Situated on 1.25 acres, the property features 24,300 square feet of space. Richard Guralnick of O,R&L Commercial represented the seller in the transaction.

January 16, 2018

Industrial Oklahoma Texas

ATCAP Acquires 16-Building, 1 MSF Industrial Portfolio in Dallas, Oklahoma City

by Taylor Williams January 15, 2018

DALLAS AND OKLAHOMA CITY — Dallas-based investment firm ATCAP Partners has acquired a portfolio of 16 industrial buildings totaling approximately 1 million square feet. The purchase of the properties, which are located in Dallas and Oklahoma City, brings ATCAP’s volume of industrial acquisitions over the last two months to more than 2 million square feet. Brian Carlton of HFF arranged acquisition financing for the sale through Global Atlantic Financial Group.

January 15, 2018

Industrial Texas

NAI Partners Arranges Sale of 13,361 SF Industrial Property in Metro Houston

by Taylor Williams January 15, 2018

HUMBLE, TEXAS — NAI Partners has arranged the sale of a 13,361-square-foot industrial property located at 6425 and 6435 Storey Drive in the northeastern Houston metro of Humble. Joel Michael of NAI Partners represented the buyer, industrial contractor Persons Development & Construction Services LLC, in the transaction. Other terms of sale were not disclosed.

January 15, 2018

California Industrial Western

Independent Trading Co. Buys 181,069 SF Industrial Property in California for $32.5M

by Nellie Day January 15, 2018

FULLERTON, CALIF. — Independent Trading Co. has purchased a 181,069-square-foot industrial property in Fullerton for $32.5 million. The building is located at 4150 N. Palm St. The asset features amenities like 6,984 square feet of office space, 32-foot clear height, dock-high loading, a large truck court and ESFR sprinkler system. Independent Trading Co. is relocating to North Orange County from Whittier. DAUM Commercial Real Estate Services represented the buyer, while CBRE represented the seller, Western Realco, in this transaction.

January 15, 2018

Florida Industrial Southeast

JLL Brokers $28.8M Sale of Industrial Portfolio in Central Florida

by Camren Skelton January 15, 2018

LAKELAND AND WINTER HAVEN, FLA. — JLL has arranged the $28.8 million sale of a four-building, 426,000-square-foot industrial portfolio in Central Florida. Three of the facilities are located within Parkway Corporate Center at 4070, 4035 and 4150 S. Pipkin Road in Lakeland. The fourth building is located at 750 42nd Ave. in Winter Haven. Ryan Vaught and Robyn Hurrell of JLL arranged the transaction on behalf of the seller, Parkway Partners. Dalfen America Corp. acquired the properties as one portfolio. All of the facilities in the portfolio were built within the last 10 years and feature tilt-wall construction, ESFR sprinkler systems, rear-load facilities, oversized truck courts and on-site trailer storage. At the time of sale, the portfolio was 85 percent leased to multiple tenants, including Packaging Corp. of America, one of the largest producers of containerboard and corrugated packaging products in the country.

January 15, 2018

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