Industrial

JLL Income Property Trust Buys New Industrial Building in Metro Atlanta for $31M

by Camren Skelton January 5, 2018

BUFORD, GA. — JLL Income Property Trust has acquired Mason Mill Distribution Center, a 340,000-square-foot industrial property in Buford, roughly 38 miles northeast of Atlanta, for $31 million. The newly constructed building is fully leased to a publicly traded global pharmaceutical distribution company through 2027. Mason Mill Distribution Center features 32-foot ceiling heights, an ESFR sprinkler system, LED lighting, a cross-dock design and 376 parking spaces. In addition, the facility is fully air-conditioned.

January 5, 2018

Florida Industrial Loans Maryland Mixed-Use Southeast

Ready Capital Arranges $20.4M in Loans for Industrial, Mixed-Use Properties in Maryland, Florida

by Camren Skelton January 5, 2018

HALETHORPE, MD. AND MIAMI — Ready Capital Structured Finance has arranged two loans totaling $20.4 million for an industrial property in Halethorpe and a mixed-use property in Miami. Ready Capital arranged a $14 million, three-year loan for the acquisition, renovation and stabilization of a 313,000-square-foot industrial property in Halethorpe, a city roughly seven miles south of Baltimore. The borrower plans to upgrade the property with full interior unit renovations, exterior renovations and infrastructure upgrades, followed by re-tenanting the property. In Miami, Ready Capital arranged a $6.4 million, three-year loan for the acquisition, renovation and stabilization of a 19,600-square-foot mixed-use property. The borrower plans to fully renovate unit interiors, build out new retail space and re-tenant the property. Both loans feature floating interest rates, two extension options and flexible pre-payment structures. The names of the borrowers were not disclosed.

January 5, 2018

Data Centers Industrial Market Reports Texas Texas Market Reports

Data Centers Double Down on Size

by Taylor Williams January 5, 2018

Demand for data center space stems from a variety of sources. The vast majority of companies across most industries have some sort of web presence, and their customer and employee records and information are stored electronically. At the same time on the consumer side, smartphones and tablet devices are all but ubiquitous, their owners constantly upping their usage of apps and social media platforms. Nonprofit communications firm CTIA tracks aggregate wireless data usage across the country on an annual basis. The Washington, D.C.-based company found that in 2013, Americans used approximately 3.2 trillion megabytes of data. By 2015, a year in which there were about 228 million smartphones and 41 million tablet devices in circulation, that figure had increased threefold to 9.6 trillion megabytes. By 2016, a year in which there were more than 261 million smartphones in circulation, wireless data usage had exceeded 13.7 trillion megabytes. That total represents more than 35 times the volume of data traffic recorded in 2010, according to CTIA’s website. Web presences, records storage and electronic communications — not to mention the ever-expanding role of e-commerce in retail today — each contribute marginally to the growing demand for data center space. However, when combined …

January 5, 2018

Industrial New Jersey Northeast

Devli Group Acquires Two-Building 121,954 SF Flex Property in Warren, New Jersey

by Amy Works January 4, 2018

WARREN, N.J. — Devli Group has purchased a two-building flex industrial property located at 150 Mt. Bethel Road in Warren for an undisclosed price. Situated on 15.7 acres, the buildings feature a total of 121,954 square feet of space with 26-foot clear ceiling heights and nine loading docks, as well as 355 parking space. Additionally, the property has approved plans to develop an additional 46,000-square-foot building. Andrew Schwartz, Andrew Merin and Ryan Larkin of Cushman & Wakefield represented the buyer and seller in the transaction.

January 4, 2018

Georgia Industrial Southeast

Trammell Crow, Allstate Sell 760,256 SF Industrial Facility in Metro Atlanta

by Camren Skelton January 4, 2018

MCDONOUGH, GA. — Trammell Crow Co. (TCC) and its partner, Allstate, have sold Phase II of King Mill Distribution Park, an approximately 1.6 million-square-foot industrial park in McDonough, roughly 30 miles southeast of Atlanta. Canadian REIT Pure Industrial Real Estate Trust (PIRET) acquired the 760,256-square-foot warehouse, located at 150 Distribution Drive. Frank Fallon, Chris Riley and Trey Barry of CBRE arranged the transaction on behalf of the joint venture. Other terms of the deal were not disclosed. The building features 36-foot clear heights, ample trailer storage, employee vehicle parking, ingress/egress with two separate entrances and the flexibility to accommodate multiple tenants. In May, TCC and Allstate sold the first phase of the development to American Realty Advisors. The 846,496-square-foot building is fully leased to Wayfair, a Boston-based e-commerce retailer specializing in home furnishings and décor.

January 4, 2018

Self-Storage Texas

Bellomy & Co. Arranges Sale of 606-Unit Self-Storage Facility in San Antonio

by John Nelson January 4, 2018

SAN ANTONIO — Bellomy & Co. has secured the sale of the 606-unit Judson Self Storage facility located at 14989 Judson Road in San Antonio. Rockville, Md.-based Store It All Self Storage purchased the facility for an undisclosed price. Harry Botkin of HLB Investments in New Braunfels represented the San Antonio-based seller. Bill Bellomy, Michael Johnson and John Arnold of Bellomy & Co. procured the buyer. The 129,573-square-foot Judson Self Storage was 72 percent occupied at the time of sale.

January 4, 2018

California Industrial Western

Heitman LLC Buys 475,235 SF Industrial Warehouse in Perris, California

by Nellie Day January 3, 2018

PERRIS, CALIF. — An affiliate of Heitman LLC has purchased a 475,235-square-foot warehouse in the Inland Empire submarket of Perris for an undisclosed sum. The warehouse is located at 290 Markham St. The asset was developed in 2017. It is fully leased to e-commerce fashion company TechStyle. The building features 112 dock doors, 153 trailer stalls, 36-foot clear heights and a low office finish at 1.26 percent of the square footage. HFF’s Andrew Briner, Anthony Brent and Ryan Martin represented the seller, Circle Industrial, in this transaction.

January 3, 2018

California Industrial Western

Jeld-Wen Leases 194,734 SF at North County Corporate Center in Vista, California

by Nellie Day January 3, 2018

VISTA, CALIF. — Jeld-Wen has leased 194,734 of industrial space at North County Corporate Center in the San Diego submarket of Vista. The door and window manufacturer is leasing two buildings at 2760 and 2765 Progress St. The company has been a longstanding tenant of the North County Corporate Center for 15 years. North County Corporate Center is a five-building industrial park that was built in 1999. It is currently fully leased. Darren Morgan of Cushman & Wakefield represented Jeld-Wen, while the firm’s Aric Starck and Dennis Visser represented the landlord, Barings Real Estate Advisors, in this transaction.

January 3, 2018

Florida Industrial Southeast

Cushman & Wakefield Brokers $40.4M Sale of Industrial Park in Tampa

by Camren Skelton January 3, 2018

TAMPA, FLA. — Cushman & Wakefield has arranged the $40.4 million sale of Tri-County Business Park, a 676,735-square-foot industrial park located at 13300 McCormick Drive in Tampa. Rick Brugge, Mike Davis and Michael Lerner of Cushman & Wakefield arranged the transaction on behalf of the seller, True North Management Group. A joint venture between Birtcher Anderson and JCR Capital acquired the asset. Tri-County Business Park includes 20 buildings constructed between 1980 and 1988. The buildings feature varying clear heights and both grade-level and dock-high loading. At the time of sale, the property was 75 percent leased to tenants including Leader Tech, Seven Seas Water Corp. and Clextral Inc.

January 3, 2018

Connecticut Industrial Northeast

Fischer Commercial Real Estate Brokers $1.5M Sale of Industrial Property in New Haven, Connecticut

by Amy Works January 2, 2018

NEW HAVEN, CONN. — Fischer Commercial Real Estate has arranged the sale of an industrial property located at 300 East St. in New Haven. Space Craft Holdings sold the property to 300 East Street LLC, a title-holding entity whose members are the owners of New Haven-based Luckey Climbers, for $1.5 million. Situated on 2.3 acres, the property features 27,238 square feet of space. Luckey Climbers is a bespoke design-build firm specializing in creating unique and imaginative three-dimensional climbing structures for children-oriented institutional and commercial clients. The firm plans to relocate its manufacturing and executive offices from Chapel Street in New Haven to the new property. Alan Fischer of Fischer Commercial Real Estate represented the seller and buyer in the off-market transaction.

January 2, 2018

Newer Posts

Older Posts