Industrial

Byrne & Jones Construction Completes Asphalt Plant in Greenwood, Nebraska

by Kristin Harlow April 19, 2018

GREENWOOD, NEB. — Byrne & Jones Construction Co. has completed a new asphalt plant in Greenwood, about 20 miles northeast of Lincoln. CMI Roadbuilding Inc., an asphalt plant supplier, assisted with the project. The property is located on eight acres at 13801 238th St. with close proximity to the highway. The St. Louis-based civil site contractor opened an office in Gretna, Neb. in 2014 to provide asphalt and concrete paving services to commercial, retail and institutional customers. The office serves clients in Omaha, Lincoln, southeast Nebraska and surrounding areas. Within the past year, Bryne & Jones has completed a number of asphalt projects in Nebraska, including projects for CarMax, Lowe’s and Lincoln Crossing Shopping Center.

April 19, 2018

Acquisitions California Data Centers Industrial Western

CV Mission Critical REIT II Acquires Two-Building Data Center Portfolio in Sacramento from Digital Realty Trust for $51M

by Amy Works April 19, 2018

SACRAMENTO, CALIF. – Carter Validus Mission Critical REIT II (CV Mission Critical REIT II) has purchased the Rancho Cordova Data Center Portfolio for $51 million, excluding acquisition fees and costs. Located in Sacramento, the portfolio consists of two single-story facilities: a 69,048-square-foot turnkey colocation data center, located at 11085 Sun Center Drive, and a 63,791-square-foot, multi-tenant wholesale data center, located at 3065 Gold Camp Drive. At the time of sale, the portfolio was 82.4 percent occupied. Michael Hochanadel, Raul Saavedra and Jake Wagner of JLL represented the seller, Digital Realty Trust, in the deal.

April 19, 2018

Acquisitions Industrial Washington Western

Colliers Brokers $14.5M Sale of 102,882 SF Industrial Portfolio in Metro Seattle

by Amy Works April 19, 2018

TUKWILA AND KENT, WASH. – Colliers International has arranged the sale of a two-building industrial portfolio located in Tukwila and Kent, two southern suburbs of Seattle. LBA Realty purchased the portfolio from a private investor for $14.5 million. The portfolio includes the 72,882-square-foot Andover Park East, located at 720-790 Andover Park E. in Tukwila, and the 30,000-square-foot Allied Building, located at 19130 84th Ave. S. in Kent. Bill Condon and Matt McGregor of Colliers represented the seller and procured the buyer in the deal.

April 19, 2018

Development Industrial Texas

E.E. Reed Completes 712,740 SF Industrial Project in Metro Houston

by Taylor Williams April 18, 2018

BAYTOWN, TEXAS — Houston-based E.E. Reed Construction LP has completed a 712,740-square-foot warehouse/distribution center situated on 170 acres in the eastern Houston suburb of Baytown. Built on behalf of Ravago Americas, a supplier of rubber and plastic, the property features a tilt-wall configuration, 30,000 square feet of office space, a 200-car railyard and a truck maintenance facility. Houston-based Powers Brown Architecture designed the property.

April 18, 2018

Acquisitions Industrial Texas

HSM Negotiates Sale of Two Warehouses Totaling 29,000 SF in Houston

by Taylor Williams April 18, 2018

HOUSTON — Henry S. Miller Brokerage Co. (HSM) has negotiated the sale of two warehouses totaling approximately 29,000 square feet in Houston. The two buildings are located at 10440 Windfern Road on the city’s northwest side. Sam Chang of HSM represented the buyer, GAC Windfern LLC, in the transaction. Adam Strauss of New Regional Planning represented the sellers, the estates of two private investors.

April 18, 2018

Acquisitions Illinois Industrial Midwest

HSA Commercial Sells 218,500 SF Industrial Building in Waukegan, Illinois

by Kristin Harlow April 18, 2018

WAUKEGAN, ILL. — HSA Commercial Real Estate has sold a 218,500-square-foot industrial building in Waukegan for an undisclosed price. The property is located within the Delany Commerce Center, a 22.7-acre development. HSA developed the building in 2013 in partnership with Washington Capital Management Inc. The property is fully leased to Eagle Foods, a manufacturer and distributor of household food and snack products, and Trifinity Partners, a third-party logistics firm that serves major retailers. Mike Caprile, Ryan Bain and Zach Graham of CBRE represented the sellers in the transaction. A private investor purchased the asset.

April 18, 2018

Data Centers Development Industrial Southeast Virginia

Telecommunications Consulting Firm to Invest $52M to Build Data Center in Virginia Beach

by Camren Skelton April 18, 2018

VIRGINIA BEACH, VA. — Vint Hill, Va.-based Assured Communications Advisors International (ACA International) will invest $52 million to build a 130,000-square-foot data center in Virginia Beach. The telecommunications consulting firm will build the new facility on a 10.2-acre site within Corporate Landing Business Park, a 325-acre, publicly developed business park owned by the Virginia Beach Economic Development Authority. The new facility will house ACA International’s new corporate headquarters and a Tier III data center providing network-neutral co-location services. In addition, the building will serve as a cable landing station for future subsea telecommunications cables. The building will create 30 jobs upon completion in the fourth quarter of 2019. ACA International provides strategy, project planning, development and oversight of broadband, satellite, subsea cables, wireless/mobility and smart city planning.

April 18, 2018

Company News Georgia Industrial Southeast

Goodyear, Bridgestone Form Joint Venture, Choose Atlanta for New Headquarters

by Camren Skelton April 18, 2018

ATLANTA — Akron, Ohio-based The Goodyear Tire & Rubber Co. and Nashville-based Bridgestone Americas Inc. have formed a tire distribution joint venture and will locate the newly created company’s headquarters in Atlanta. TireHub LLC will provide U.S tire dealers and retailers with a range of passenger and light truck tires, with an emphasis on distributing larger rim diameter premium tires. TireHub will lease 30,000 square feet at One Ravinia in Atlanta’s Central Perimeter submarket for its new headquarters, according to the Atlanta Business Chronicle. The 50-50 joint venture will initially operate more than 80 distribution centers and warehouse locations throughout the country. TireHub will combine and complement Goodyear’s company-owned wholesale distribution network with the Bridgestone-owned Tire Wholesale Warehouse (TWW). The new company will also complement both Goodyear and Bridgestone’s existing networks of third-party distributors and provide distribution, warehousing, sales and delivery solutions following the closing of the transaction, which is expected in mid-year. At launch, TireHub will have the scale to reach the vast majority of retail locations across the country daily.

April 18, 2018

Development Industrial Self-Storage Southeast Tennessee

Ziff Properties to Convert Building Near Knoxville into 65,000 SF Self-Storage Facility

by Camren Skelton April 18, 2018

FARRAGUT, TENN. — Ziff Properties Inc. has acquired the former U.S. Golf & Tennis Center in Farragut with plans to convert the building into a 65,000-square-foot self-storage facility. The building is located on six acres, roughly 17 miles west of Knoxville. ExtraSpace Storage will manage the facility, which will include climate- and non-climate-controlled units. A construction timeline was not disclosed.

April 18, 2018

California Data Centers Development Industrial Western

CIM Group, 1547 Break Ground for 187,000 SF Data Center in San Francisco

by Amy Works April 18, 2018

SAN FRANCISCO – CIM Group, in partnership with fifteenfortyseven Critical Systems Realty (1547), has commenced construction for its 240,000-square-foot data center campus on 7.3 acres at 400 Paul Ave. in San Francisco. The first phase of development will include the renovation of two existing 1930s-era buildings. Totaling 54,225 square feet, the buildings will be modernized to provide creative office and support space for data center tenants. Additionally, construction will start immediately for the campus, including a 187,000-square-foot purpose-built data center. The two-story building will feature a secure and scalable data center with 24 MW of power capacity.

April 18, 2018

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